Morning Roundup (8/12/21) — Applications Up, Forbearance Exits May Rise

Good Morning! Today is Thursday, Aug. 12. Bitter fights are breaking out at school boards across the country over district mask mandates. Arrest warrants have been taken out for Democrats who fled Texas in protest to an election reform bill. Europe is sweating under a massive heatwave. A judge has offered congressional Democrats restricted access to former President Donald Trump’s financial records. The NSA will reportedly be subject to internal review over allegations it spied on Fox News host Tucker Carlson.

And in mortgage and housing news…

Applications Go Up, Again: Mortgage applications increased once more in a continuing seesaw trend that has lasted weeks.

Legal Fight Ahead: A U.S. senator has introduced a resolution to repeal the CDC’s current eviction moratorium.

Big Gains: The digital realty company Opendoor posted major gains in the second quarter.

Forbearance Exits Might Spike: Looming expiry dates mean a significant uptick in forbearance exits could be in the near future.

More Housing in Sight? Declining forbearance numbers mean housing stock could increase in the near future.

Nobody is Safe: Bidding wars—a regular feature of the homebuying market over the past year—are growing more common in the rental market.

Analysis: Amid Low Housing Stock, Are Millennial Homebuyers Driving the Shortage?