Lending

Lending (1131)

Mortgage Rates Hit Highest Since 2008

Mortgage rates have hit their highest level in almost 14 years, according to weekly data from Freddie Mac. So reports the Mortgage Research Center. Read more...

New Residential Restructures, Rebrands As Rithm Capital

New Residential Investment Corp., provider of capital and services to the mortgage and financial services industry, has announced that it is internalizing its management and rebranding as Rithm Capital. Read more...

CFPB Declares 'Fresh Look' at Qualified Mortgage Rules

The Consumer Financial Protection Bureau announced it will revisit, and possibly update, decade-old rules for the mortgage market. Read more...

JPMorgan Lays Off Hundreds of Home Lending Pros

JPMorgan Chase has confirmed that it will lay off hundreds of home lending employees “as a result of cyclical changes in the mortgage market.” So reports Bloomberg. Read more...

Q4 2021 Critical Defect Rate Rose to 1.95%: ACES Report

ACES Quality Management has released its quarterly ACES Mortgage QC Industry Trends Report covering the fourth quarter (Q4) and full calendar year (CY) of 2021. It analyzes post-closing quality control data. Read more...

Fannie Mae’s Chief: One Encouraging Sign from New Residential Construction Report

Doug Duncan, Fannie Mae Chief Economist, says one encouraging sign in the residential construction report from the Census Bureau is the 9.1% jump in completions. That’s its highest rate since 2007. Read more...

Bodnar of MMG: What the Fed's Move Means for Long-term Rates

The Fed raised the Fed Funds Rate by .75%, the largest such rate hike since 1994. What does it mean for long-term rates? Read more...

Fannie Mae Launches Weekly Refinance Application-Level Index

Fannie Mae has announced its new Refinance Application-Level Index (RALI), a weekly series geared toward tracking refinance activity and historical trends. Read more...

Loan-Modification Scam Spawns $4.5M Consent Order

Florida businesses that allegedly targeted Hispanics in violation of the Fair Housing Act have agreed to pay $4.5 million in a consent order, according to the Department of Justice. So reports the Orlando Sentinel. Read more...

Mortgage Demand Has Fallen By Half Since a Year Ago

With home prices high and rates rising, overall mortgage demand has tumbled by roughly half from the same time a year ago, according to one weekly measure. So reports CNBC. Read more...

FOLLOW US

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.