Lending - The Mortgage Leader

Shifting Dynamics in Mortgage Lending: Navigating the Ever-Evolving Landscape Explore the evolving dynamics in mortgage lending influenced by interest rates, consumer preferences, and real estate market trends. How lenders adapt to this changing landscape is crucial for future success.

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Lending (1501)

MMG's Bodnar: Higher for Longer Unnerving the Markets

Saturday, 23 September 2023

Lending

Written by The Mortgage Leader

Bill Bodnar of the Mortgage Market Guide discusses the recent Fed meeting, future rate hikes and the impact it is having on the markets. Read more...

Forbearance Rate Slips Toward March 2020 Level

Saturday, 23 September 2023

Lending

Written by The Mortgage Leader

The share of home mortgages whose borrowers have received a temporary pause on their payments due to financial distress has inched closer to its levels before the COVID-19 pandemic. So reports DSNews. Read more...

Fannie Mae Doubles Down on 'Mild Recession' Forecast

Saturday, 23 September 2023

Lending

Written by The Mortgage Leader

Fannie Mae economists have reiterated their earlier projection of a “mild recession” for the U.S. economy in 2024. So reports Deseret News. Read more...

CFPB Fleshes Out Rules for Credit Denials That Use AI

Saturday, 23 September 2023

Lending

Written by The Mortgage Leader

The Consumer Financial Protection Bureau has issued guidance for lenders’ use of artificial intelligence in their credit decision-making process. So reports PYMNTS. Read more...

Mortgage Rates Drift in Sixth Week Above 7%

Saturday, 23 September 2023

Lending

Written by The Mortgage Leader

U.S. long-term mortgage rates have posted a sixth consecutive week over 7%, holding relatively steady as the Federal Reserve paused its tightening. So reports Dow Jones. Read more...

Mortgage Rates Hold Above 7% for Fifth Straight Week

Friday, 15 September 2023

Lending

Written by The Mortgage Leader

U.S. long-term mortgage rates have remained above 7% for five consecutive weeks amid ongoing inflation concerns. So reports CNN. Read more...

Millennials, Gen Z Losing Hope in Home Ownership: Redfin

Friday, 15 September 2023

Lending

Written by The Mortgage Leader

New survey results from Redfin suggest that millennials and Gen Z are feeling gloomy about the prospects that they will share in the American Dream. So reports DSNews. Read more...

Trident Mortgage Launches Subsidy Fund After Redlining Settlement

Friday, 15 September 2023

Lending

Written by The Mortgage Leader

Trident Mortgage has rolled out an $18.4 million mortgage assistant program as part of a settlement announced by the Department of Justice last year over “deliberate discrimination against minority families.” So reports NEXT Mortgage News. Read more...

FHFA Seeks More Input on Credit Score Shift

Friday, 15 September 2023

Lending

Written by The Mortage Leader

The Federal Housing Finance Agency has revealed plans for more stakeholder forums, listening sessions and other public engagement ahead of Fannie Mae and Freddie Mac’s new credit score requirements. So reports MortgageOrb. Read more...