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Lending (1508)

62% of U.S. Consumers Open to Buying a Home at Auction: Survey

62% of U.S. Consumers Open to Buying a Home at Auction: Survey

Sunday, 28 November 2021
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With more homes predicted to hit the auction market following the expiration of the foreclosure moratorium, new survey results suggest that most consumers would weigh the option of buying a home at auction. That’s according to a press release from digital mortgage service provider ServiceLink. Read more...
GSEs’ RefiNow and RefiPossible Programs Target More Buyers

GSEs’ RefiNow and RefiPossible Programs Target More Buyers

Sunday, 14 November 2021
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Fannie Mae and Freddie Mac recently launched initiatives, called RefiNow and RefiPossible respectively, aimed at low- to moderate-income borrowers who might not be able to find competitive rates otherwise. So reports CNBC. Read more...
Mortgage Rates Dip Below 3% Again, But Many Buyers Left Out

Mortgage Rates Dip Below 3% Again, But Many Buyers Left Out

Sunday, 14 November 2021
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Historically low U.S. long-term mortgage rates have posted another decline, though higher prices and a lack of supply are keeping many potential buyers out of the market. So reports the Associated Press. Read more...
Mortgage Demand Rises as Homeowners Hustle to Refinance

Mortgage Demand Rises as Homeowners Hustle to Refinance

Sunday, 14 November 2021
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Borrowers have hurried to take advantage after two straight weeks of declining mortgage rates. So reports CNBC. Read more...
Rocket Mortgage’s Nicole Beattie Named CEO of Amrock

Rocket Mortgage’s Nicole Beattie Named CEO of Amrock

Sunday, 14 November 2021
Lending
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Amrock, the real estate and title arm of Dan Gilbert’s Rocket Companies, has named Nicole Beattie, a veteran of sister business Rocket Mortgage, as its next CEO. So reports Crain’s Detroit Business. Read more...
Bodnar of MMG: Worst One Day Pricing Losses For Bonds Since March 2020

Bodnar of MMG: Worst One Day Pricing Losses For Bonds Since March 2020

Sunday, 14 November 2021
Lending
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Bill Bodnar of The Mortgage Market Guide (MMG) shares his thoughts on bonds enduring their worst one day pricing losses since March 2020. Read more...
Bodnar of MMG: Fed Taper, No Tantrum?

Bodnar of MMG: Fed Taper, No Tantrum?

Sunday, 07 November 2021
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Bill Bodnar of The Mortgage Market Guide (MMG) discusses the impact of the Fed's comments and how bonds enjoyed a 'wonderful week' with the 10-yr dipping into the 1.40s%. Read more...
Home Point Capital’s 3Q Profit Drops Despite Gain in Loan Volume

Home Point Capital’s 3Q Profit Drops Despite Gain in Loan Volume

Sunday, 07 November 2021
Lending
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Home Point Capital has announced a profit of $71.2 million for the third quarter, down 73% from the same period a year before. So reports The Detroit News. Read more...
Rocket's 3Q Profit Falls After 2020 Surge

Rocket's 3Q Profit Falls After 2020 Surge

Sunday, 07 November 2021
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Rocket Companies has posted a decline in third-quarter revenue and profit relative to the massive upswing a year before. So reports The Detroit Free Press. Read more...
Fed’s Taper May Set Stage for Gradual Mortgage Rate Rise

Fed’s Taper May Set Stage for Gradual Mortgage Rate Rise

Sunday, 07 November 2021
Lending
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The Federal Reserve Open Markets Committee’s announcement that it will taper—or slow—its rate of bond buying in November and December probably won’t cause mortgage rates to jump, but it could mean a slow and steady increase. So reports Bankrate.com. Read more...

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