The latest Mortgage Banker Association’s (MBA) Forbearance and Call Survey reports the total number of loans now in forbearance decreased by 49 basis points from 6.81% of servicers’ portfolio volume in the prior week to 6.32% as of October 4, 2020.
Wood Markets News
Holmen AB, Completes Acquisition of Martinsons
Holmen AB, one of Sweden’s largest forestry companies has announced that they have completed the purchase of Martinsons, one of Sweden’s leading sawn and processed wood manufacturing companies.
Demand for Railroad Ties Continues to Hold Steady, Despite Remaining Wood Fiber Concerns
Most lumber dealers experience with wood-ties (aka railroad ties) are usually limited to selling used ones that have been taken up from track beds and which homeowners and landscapers use as part of a decorative feature.
A Majority Stake in System TM, Strengthens Stiles and HOMAG Place in the Solid Wood Industry
System TM and Stiles Machinery have for over 15 years successfully cooperated in the North American markets. Stiles is excited to announced that they have made a majority share acquisition in the Danish engineering and manufacturing partner, System TM A/S by HOMAG.
Consumer Price Index Inches Higher in September
The Bureau of Labor Statistics (BLS) is reporting that consumer prices increased at a slower pace in September. According to the BLS, The Consumer Price Index (CPI) rose by 0.2% on a seasonally adjusted basis, slower than the 0.4% increase experienced in August and a 0.6% increase in July.
Mortgages in Forbearance Fall Below 3 Million for First Time Since Mid-April
Mortgages in active forbearance dropped nearly 20% last week.
The Mortgage -Treasury Spread Trends Lower in September
The spread between 10-Year Treasury rate and 30-year fixed-rate mortgages continues to trend lower, signaling lower risks for investors.
Median Home Sale Price Experience Largest Increase on Record During Week Ending 4th October
Year-over-year median home sales price jumped 15% during the week ending on October 4th.
Oregon Board of Forestry Approves 70-Year Proposed Western Oregon Habitat Conservation Plan
The Oregon Board of Forestry, on Tuesday (10/6), approved a 70-year proposed Western Oregon Habitat Conservation Plan. Analysis of the plan by the Oregon Department of Forestry reports that the plan would provide long-term protections and conservation plans for endangered species and secure forest management practices.
Alberta Announces Five-Way Plan to Increase existing Forestlands Usage
Alberta has announced a five-way plan to increase by 13% the usage of existing forestlands.