According to the latest weekly survey conducting by Mortgage Bankers Association (MBA) for the week ending on May 22, spring has brought a surge in mortgage applications to the housing industry.
An additional 2.12 million Americans filed for unemployment claims for the week ending on May 23, according to the U.S. Department of Labor.
Fannie Mae and Freddie Mac completed 8,836 foreclosure prevention actions in February, according to the latest data from the Federal Housing Finance Association (FHFA). This brings the total to 4,424,910 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.
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