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Mortgage Rates Stay Above 7% for Third Straight Week

Mortgage Rates Stay Above 7% for Third Straight Week

Monday, 04 September 2023
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U.S. long-term mortgage rates have slipped but remained above 7% for a third week in a row. So reports CNN. Read more...
Can Remote Work Ease the Affordability Crunch?

Can Remote Work Ease the Affordability Crunch?

Monday, 04 September 2023
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Flexible working arrangements have remained popular long after the onset of the COVID pandemic, which could help reduce affordability pressures around homebuying. So reports Fannie Mae’s Perspectives blog. Read more...
Guild Mortgage Acquires Midwest-Based First Centennial

Guild Mortgage Acquires Midwest-Based First Centennial

Monday, 04 September 2023
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San Diego, California-based lender Guild Mortgage has acquired Illinois-based First Centennial Mortgage, which has branches mainly in the Midwest. So reports MReport. Read more...
Ishbia Pledged Most of UWM’s Outstanding Shares to Buy Suns

Ishbia Pledged Most of UWM’s Outstanding Shares to Buy Suns

Monday, 04 September 2023
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Mat Ishbia, chairman and CEO of UWM Holdings Corp., promised more than half of the mortgage giant’s outstanding shares to secure two loans before his record $4 billion purchase of the NBA’s Phoenix Suns. So reports Bloomberg. Read more...
Mortgage Credit Availability Falls to 10-Year Low

Mortgage Credit Availability Falls to 10-Year Low

Saturday, 19 August 2023
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Potential homebuyers have seen available credit for mortgages decline to the lowest level in 10 years. So reports CNN. Read more...
UWM, Rocket Return to Profitability in 2Q

UWM, Rocket Return to Profitability in 2Q

Saturday, 19 August 2023
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United Wholesale Mortgage and rival Rocket Companies have each announced a swing back to the black in the second quarter of 2023 after two consecutive quarterly losses. So reports The Real Deal. Read more...
IMB Losses Narrow to $534 Per Loan in 2Q

IMB Losses Narrow to $534 Per Loan in 2Q

Saturday, 19 August 2023
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Independent mortgage banks have continued to lose money in recent months, but less than they were shedding at the start of 2023. So reports DSNews. Read more...
Mortgage Rates Climb to Highest in More Than 20 Years

Mortgage Rates Climb to Highest in More Than 20 Years

Saturday, 19 August 2023
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U.S. long-term mortgage rates have surged to their highest level in more than two decades as the Federal Reserve weighs whether to continue raising interest rates. So reports ABC News. Read more...
Homeowners with Rates Over 5% More Likely to Sell: Zillow

Homeowners with Rates Over 5% More Likely to Sell: Zillow

Sunday, 06 August 2023
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The share of homeowners with rates above 5% who plan to sell is approximately double the share of homeowners with rates below 5%, according to Zillow research. So reports NEXT Mortgage News. Read more...
Mortgage Rates Rise Amid Upbeat Data, Credit Downgrade

Mortgage Rates Rise Amid Upbeat Data, Credit Downgrade

Sunday, 06 August 2023
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U.S. long-term mortgage rates have risen toward the 5% mark following positive economic readings and Fitch Ratings’ downgrade of the U.S. government’s debt rating. So reports Dow Jones. Read more...

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