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Lending (1515)

Median Purchase Application Payment Dipped 1.8% in November

Median Purchase Application Payment Dipped 1.8% in November

Saturday, 31 December 2022
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The Mortgage Bankers Association has announced that the national median payment applied for by purchase applicants slipped 1.8% to $1,977 in November. So reports MReport. Read more...
Fannie and Freddie Unveil LIBOR Replacement Plans

Fannie and Freddie Unveil LIBOR Replacement Plans

Friday, 30 December 2022
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Fannie Mae and Freddie Mac have named replacement indices for their legacy London Interbank Offered Rate (LIBOR)-based loans and securities. So reports the American Bankers Association’s Banking Journal. Read more...
Title Insurer Doma Sheds Hundreds in Biggest Layoff Wave Yet

Title Insurer Doma Sheds Hundreds in Biggest Layoff Wave Yet

Friday, 09 December 2022
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Digital title insurance provider Doma has conducted its third round of layoffs in seven months and also its biggest, eliminating 515 jobs. So reports The Real Deal. Read more...
Home Prices Will Fall for First Time in a Decade in 2023: Redfin

Home Prices Will Fall for First Time in a Decade in 2023: Redfin

Friday, 09 December 2022
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Next year, U.S. home prices will post their first annual decline since 2012, a Redfin analysis has predicted. So reports Seattle’s KOMO News. Read more...
Borrowers Are Underwater on 8% of Homes Bought This Year

Borrowers Are Underwater on 8% of Homes Bought This Year

Friday, 09 December 2022
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Buyers of about 8% of homes purchased with a mortgage in the first nine months of 2022 already owe more than the value of their house, a Black Knight analysis has found. So reports Yahoo! Finance. Read more...
Mortgage Rates Drop for Fourth Straight Week

Mortgage Rates Drop for Fourth Straight Week

Friday, 09 December 2022
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U.S. long-term mortgage rates have turned in their fourth consecutive week of declines. So reports CNN. Read more...
Bodnar of MMG: What's Happening Now and Why

Bodnar of MMG: What's Happening Now and Why

Friday, 09 December 2022
Lending
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"On Friday, the Producer Price Index was hotter than expected on headline, core, annual and month over month basis," says Bill Bodnar of the Mortgage Market Guide (MMG). Read more...
United Wholesale Mortgage Expands Buydown Options

United Wholesale Mortgage Expands Buydown Options

Friday, 02 December 2022
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United Wholesale Mortgage has expanded buydown options, building on a trend of lenders offering home buyers concessions. So reports RealTrends. Read more...
Reverse Mortgage Funding Files for Bankruptcy

Reverse Mortgage Funding Files for Bankruptcy

Friday, 02 December 2022
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Reverse Mortgage Funding has filed for Chapter 11 bankruptcy, joining the ranks of companies felled by rising mortgage rates. So reports Bloomberg. Read more...
Mortgage Rates Fall for a Third Straight Week

Mortgage Rates Fall for a Third Straight Week

Friday, 02 December 2022
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U.S. long-term mortgage rates have declined for a third consecutive week as inflation fears eased. So reports the Associated Press. Read more...

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