Lending

Lending (1573)

Mortgage Rates Dip Back Below 7%

After topping 7% for the first time since 2002, U.S. long-term mortgage rates have fallen back below that mark. So reports CNN. Read more...

GO Mortgage Launches Non-QM Single Close Construction Loan

GO Mortgage, a nationwide, independent mortgage bank licensed in 36 states and the District of Columbia and a subsidiary of GO Companies, said it has launched a non-QM construction loan program designed to provide greater options and a smoother financing experience for self-employed borrowers and real estate investors seeking to build a home. Read more...

Lenders Seek Fresh Income Streams in Rocky Market

As rising rates crush mortgage activity, lenders have been turning toward other ways of generating revenue. So reports Yahoo Finance. Read more...

New Rocket Engagement Program Rewards Homebuyers

Rocket Companies, which includes Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money, unveiled Rocket Rewards. The new loyalty program allows consumers to accrue points that can be redeemed toward various financial transactions across the Rocket Platform. Read more...

Bodnar of MMG: Interest Rates Backing Down

"The idea that the Central Banks and our Fed will 'step down' the size of rate hikes going forward helped interest rates improve nicely," says Bill Bodnar of the Mortgage Market Guide (MMG).  Read more...

FHFA Scraps G-Fees for Certain Buyers

The Federal Housing Finance Agency said it will end guaranteed fees, or G-fees, for some first-time and low-income homebuyers. So reports FOX Business. Read more...

Mortgage Rates Jump Above 7% for First Time Since 2002

U.S. long-term mortgage rates have crossed the psychologically important 7% milestone as they continued to climb, reaching their highest level since 2002. So reports the Associated Press. Read more...

MBA’s Bob Broeksmit Slams CFPB for 'Regulatory Overreach'

The Mortgage Bankers Association’s president and CEO Bob Broeksmit has taken aim at the Consumer Financial Protection Bureau in a speech at the MBA’s 2022 Annual Convention & Expo in Nashville. Read more...

MBA’s Matt Rocco Prioritizes Affordable Rental Housing

The Mortgage Bankers Association’s incoming 2023 chairman Matt Rocco has highlighted affordable rental housing as what he called his “flagship initiative” in a speech at MBA’s 2022 Annual Convention & Expo in Nashville. Read more...

Bodnar of MMG: About That Wall Street Journal Article

"A Wall Street Journal article early on a Friday morning shook the market in a good way heading into the weekend," says Bill Bodnar of the Mortgage Market Guide (MMG). Read more...

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