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CFPB Updates Mortgage Servicing Examination Procedures

CFPB Updates Mortgage Servicing Examination Procedures

Monday, 23 January 2023
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The Consumer Financial Protection Bureau has released updates to its mortgage servicing examination procedures. So reports Consumer Financial Services Law Monitor. Read more...
Jay Farner: Market 'Even' Between Buyers, Sellers

Jay Farner: Market 'Even' Between Buyers, Sellers

Monday, 23 January 2023
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Jay Farner, CEO of Rocket Mortgage parent Rocket Companies, says the housing market isn’t a buyer’s market or a seller’s market right now—it’s “even.” So reports CNN. Read more...
How Low Can Home Builders’ Mortgage Rate Offers Go?

How Low Can Home Builders’ Mortgage Rate Offers Go?

Monday, 23 January 2023
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Home builders have been touting mortgage rates going down to 3% or lower as incentives to attract buyers. So reports MarketWatch. Read more...
Mortgage Rates Dip to Lowest Since September 2022

Mortgage Rates Dip to Lowest Since September 2022

Monday, 23 January 2023
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Fresh indicators of cooling inflation have pushed long-term U.S. mortgage rates to their lowest levels since last September. So reports CNN. Read more...
Bodnar of MMG: Inflation is Slowing, Now What?

Bodnar of MMG: Inflation is Slowing, Now What?

Saturday, 14 January 2023
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"Inflation headed in the right direction... lower," says Bill Bodnar of the Mortgage Market Guide. "This means a few things." Read more...
City National Bank to Pay $31M in Biggest Redlining Settlement

City National Bank to Pay $31M in Biggest Redlining Settlement

Saturday, 14 January 2023
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City National Bank has agreed to pay $31 million, the largest redlining settlement in the Department of Justice’s history, to resolve allegations of discrimination by rejecting mortgages in Black and Latino communities. So reports the Associated Press. Read more...
Owner Financing Sees Resurgence After Rate Spike

Owner Financing Sees Resurgence After Rate Spike

Saturday, 14 January 2023
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More and more homebuyers have been considering owner financing, also called seller financing, following the recent surge in interest rates. So reports Realtor.com. Read more...
30-Year Mortgage Rate Slips to 6.33%

30-Year Mortgage Rate Slips to 6.33%

Saturday, 14 January 2023
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Freddie Mac has announced that the average for the 30-year fixed-rate mortgage fell 15 basis points to 6.33% in the week ending January 12. So reports CNN. Read more...
43% of Homebuyers Who Took Out an ARM Now Regret It

43% of Homebuyers Who Took Out an ARM Now Regret It

Friday, 13 January 2023
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Almost half (43%) of homebuyers who took out an adjustable-rate mortgage (ARM) now say they regret it, according to a recent survey by U.S. News & World Report. So reports Realtor.com. Read more...
Bodnar of MMG: What the December Jobs Report Means for You

Bodnar of MMG: What the December Jobs Report Means for You

Saturday, 07 January 2023
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"The December Jobs report is out and the financial markets like it," says Biil Bodnar of the Mortgage Market Guide (MMG). "Signs point to less Fed going forward." Read more...

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