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Mortgage Rates Near Three-Year Lows as Virus Helps Borrowers

Mortgage Rates Near Three-Year Lows as Virus Helps Borrowers

Sunday, 02 February 2020
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Long-term mortgage rates have sunk to their second-lowest level since 2017 as market worries about the coronavirus outbreak have paradoxically given U.S. homebuyers a boost. So reports MarketWatch. Read more...
United Shore Tackles Rocket Mortgage with Super Bowl Ad

United Shore Tackles Rocket Mortgage with Super Bowl Ad

Saturday, 01 February 2020
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United Shore Financial hits Rocket Mortgage, the recently named “official mortgage sponsor” of the Super Bowl, with the force of a charging linebacker in a newly revealed Super Bowl commercial of its own. So reports The Detroit News. Read more...
Demystifying Credit Risk Transfer

Demystifying Credit Risk Transfer

Friday, 31 January 2020
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The author is Don Layton, Senior Industry Fellow at the Joint Center for Housing Studies of Harvard University and the CEO of Freddie Mac from May 2012 until June 2019. Freddie Mac and Fannie Mae securitize mortgages they purchase from bank and non-bank lenders. In doing so they sell the complex interest rate risk of… Read more...
Strong 2019 Close Pushes Mortgage Delinquenices to Near-Record Low: Black Knight

Strong 2019 Close Pushes Mortgage Delinquenices to Near-Record Low: Black Knight

Thursday, 30 January 2020
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December saw a strong improvement in the national delinquency rate (down 3.75% from November and more than 12% from last year). At 3.40%, 2019 ended with the delinquency rate within 0.04% of the record low set back in May. Read more...
Howard Bancorp to Shutter Mortgage Lending Business

Howard Bancorp to Shutter Mortgage Lending Business

Sunday, 26 January 2020
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Howard Bancorp., the parent company of Maryland’s Howard Bank, announced plans to close down its mortgage lending operations. Read more...
Mortgage Applications Fall After Hot Start to 2020

Mortgage Applications Fall After Hot Start to 2020

Wednesday, 29 January 2020
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Mortgage activity, which started the year strong out of the gate, has softened somewhat but remains historically robust. So reports CNBC. Read more...
FICO to Launch New Versions of Credit Scores

FICO to Launch New Versions of Credit Scores

Sunday, 26 January 2020
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Fair Isaac Corp., the organization behind the commonly used FICO credit scores, has two new tools for lenders on the way this summer, the FICO Score 10 and the FICO Score 10 T. So reports MarketWatch. Read more...
Rates Tumble, But That’s a Mixed Bag for Home Buyers

Rates Tumble, But That’s a Mixed Bag for Home Buyers

Tuesday, 28 January 2020
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While mortgage rates slumped last week to their lowest level since October, market observers say that perpetually low rates have both pros and cons for prospective home buyers. So reports MarketWatch. Read more...
Bill Bodnar of MMG: Rates Remain Steady Amid Lots of Good News

Bill Bodnar of MMG: Rates Remain Steady Amid Lots of Good News

Sunday, 19 January 2020
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Bill Bodnar of The Mortgage Market Guide discusses the U.S.-China trade deal, which lifted some uncertainty, the wave of good economic news and the fact that stocks hit an all-time high. Read more...
Consumer Sentiment for January Holds Strong

Consumer Sentiment for January Holds Strong

Wednesday, 22 January 2020
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Americans’ economic outlook has stayed upbeat, supported by robust employment and soaring stock markets, signaling spending will keep rising. So reports Bloomberg. Read more...

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