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Lending (1509)

Bill Bodnar of MMG: What An Unbelievable Interest Rate Environment

Bill Bodnar of MMG: What An Unbelievable Interest Rate Environment

Monday, 14 October 2019
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Bill Bodnar of the Mortgage Market Guide discusses unemployment, homebuyer demand, a goldilocks scenario, and how the hard data is pointing to no recession. Read more...
Ginnie Mae Loses Another Acting Head

Ginnie Mae Loses Another Acting Head

Friday, 18 October 2019
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The U.S. Department of Housing and Urban Development has announced the resignation of Ginnie Mae’s acting leader, Maren Kasper. So reports Politico. Read more...
CFPB Eases HMDA 'Burden' in Final Rule

CFPB Eases HMDA 'Burden' in Final Rule

Thursday, 17 October 2019
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The U.S. Consumer Financial Protection Bureau has issued a final rule under the Home Mortgage Disclosure Act, extending for two years the current temporary threshold for collecting and reporting data about open-end lines of credit. So reports Reverse Mortgage Daily. Read more...
Altisource to Shut Down Owners.com

Altisource to Shut Down Owners.com

Wednesday, 16 October 2019
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Altisource Portfolio Solutions has announced that it is shutting down its online brokerage Owners.com, which generated $3.8 million of revenue and $8.1 million of loss before income taxes in the first six months of 2019. So reports Seeking Alpha. Read more...
Fed Minutes Show Markets’ Rate-cut Hopes May Be Overdone

Fed Minutes Show Markets’ Rate-cut Hopes May Be Overdone

Tuesday, 15 October 2019
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The Federal Reserve has released the minutes from the September meeting, showing that some policymakers said investors appear to be pricing in more interest rate cuts than the central bank expects to provide. So reports CNBC. Read more...
Bill Bodnar of MMG: Will Bonds Get Punched in the Face?

Bill Bodnar of MMG: Will Bonds Get Punched in the Face?

Monday, 07 October 2019
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Bill Bodnar of the Mortgage Market Guide previews a number of factors that could impact mortgage professionals, including last Friday's jobs report and the ongoing trade war with China, among others. Read more...
Jobs Report: Signs Point to Stronger Purchasing Power for Home Buyers

Jobs Report: Signs Point to Stronger Purchasing Power for Home Buyers

Tuesday, 08 October 2019
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The recently released September Jobs Report signaled good news for the economy, labor force and consumer buying power, according to First American Deputy Chief Economist Odeta Kushi. Read more...
Ditech Completes $1.2B Sale to New Residential

Ditech Completes $1.2B Sale to New Residential

Thursday, 10 October 2019
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New Residential has closed its deal to buy “select assets” from Ditech Financial and Ditech Holdings, with a price tag of $1.2 billion. So reports Seeking Alpha. Read more...
Mortgage Rates Follow Stock Market Lower

Mortgage Rates Follow Stock Market Lower

Monday, 07 October 2019
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A sharp downturn in major stock indexes at the start of the month brought with it a return to lower interest rates on mortgages. So reports CNBC. Read more...
Feds Raise Appraisals Threshold to $400,000

Feds Raise Appraisals Threshold to $400,000

Wednesday, 09 October 2019
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Federal banking agencies have announced a rule that raises the floor for home sales requiring an appraisal from $250,000 to $400,000. So reports Financial Regulation News. Read more...

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