Keller Mortgage Joins Layoff Wave Keller Williams has laid off an unspecified number of people at its lending business, Keller Mortgage, following job cuts at several other mortgage lenders. So reports The Real Deal.
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Lending (1110)

Swelling Loan Sizes May Pose Risk for Mortgage-Backed Securities

The federal government’s recent move to raise the limits on the size of mortgage loans backed by Fannie Mae and Freddie Mac could hamper the performance of mortgage-backed securities in 2022. So reports Bloomberg. Read more...

Pension Fund Drops Lawsuit Against Dan Gilbert

The board of the Detroit Police and Fire Pension Fund has said that it will withdraw an insider-trading lawsuit against Dan Gilbert, controlling stakeholder of Rocket Mortgage and Quicken Loans parent Rocket Companies. So reports The Detroit News. Read more...

Weekly Mortgage Rates Tick Lower Ahead of Fed Meeting

U.S. long-term mortgage rates have posted another stable week as the Federal Reserve heads into its December 14-December 15 meeting. So reports the Associated Press. Read more...

Bodnar of MMG: What Will The Fed Say And How Will That Move Rates?

Bill Bodnar of The Mortgage Market Guide talks inflation, tapering and more. "Inflation was reported at the hottest pace in 39 years," he says. "Bonds shrugged it off as we head into the weekend. Next week the Fed is likely to speed up tapering. What they say and do may determine the directional move in rates."  Read more...

Mortgage Bailouts’ Expiration Puts Thousands in Tight Spot

As mortgage bailout initiatives sparked by COVID-19 begin to run out, hundreds of thousand homeowners face the prospect of foreclosure or being forced to sell their homes. So reports CNBC. Read more...

Zillow Faces Lawsuits After Shuttering iBuying Business

Zillow has been hit with a pair of shareholder lawsuits claiming that the online real estate company misled investors about the strength of its recently scrapped iBuying business. So reports Realty Biz News. Read more...

Mortgage Rates Hold Mostly Steady Amid Omicron, Fed Worries

Long-term mortgage rates have hovered nearly in place during a week when the first U.S. case of the Omicron variant was found and the Federal Reserve suggested that it would begin tightening credit sooner than previously indicated. So reports MarketWatch. Read more...

It’s Official: FHFA Confirms Loan Limit Boost to Almost $1M

The Federal Housing Finance Agency has announced a widely predicted increase in conforming loan limits that raises the size of loans that the federal government will back to nearly $1 million in high-cost areas. So reports Fox Business. Read more...

Bodnar of MMG: What's Next After a Crazy Week?

Bill Bodnar of The Mortgage Market Guide (MMG) shares his thoughts on the crazy week with Omicron and the Fed Chair flip flopping on inflation and speeding up the tapering. Read more...

Bodnar of MMG: What Omicron Means for You, Clients and Partners

In response to the emergence of Omicron, also known as B.1.1.529, a new and potentially more transmissible COVID variant, home loan rates improved from the highest levels of 2021. That's according to Bill Bodnar of The Mortgage Market Guide.  Read more...

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