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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Mortgage Rates Climb to Highest Since April Fool’s Day

U.S. long-term mortgage rates have risen to their highest since April. So reports Bloomberg. Read more...

Bodnar of MMG: Have We Seen Rates Peak for 2021?

There are three reasons to think rates have peaked for the year, according to Bill Bodnar of The Mortgage Market Guide (MMG).  Read more...

Positioning for the Purchase Money Market

By Kevin Crichton, President and COO, EMM Loans, LLC, The mortgage industry is moving from an environment dominated by refinance mortgages, which the Mortgage Bankers Association (MBA) estimates accounted for 69% of all loans in the first quarter of this year, to one that is going to be driven by purchase money. The MBA estimates refinancings… Read more...

Bodnar of MMG: What to Look for Heading Into a Big Week

Mortgage-backed securities touched the lowest levels of 2021 on Thursday and Friday, notes Bill Bodnar of The Mortgage Market Guide (MMG). Read more...

United Wholesale Mortgage Scraps Bitcoin Plan

United Wholesale Mortgage, which announced in August that it was planning to accept payments in bitcoin, has changed its mind about using cryptocurrency. So reports CNBC. Read more...

FHFA Decides to Keep Desktop Appraisals Permanently

The Federal Housing Finance Agency, which unveiled desktop appraisals as a temporary initiative in March 2020, has chosen to make remote appraisals permanent. So reports Realty Biz News. Read more...

Weekly Mortgage Demand Slides 6% as Rates Rise

Mortgage demand for home purchases and refinances has fallen once more amid a recovery in mortgage interest rates. So reports CNBC. Read more...

Mortgage Rates Climb to Highest Since April Amid Inflation

U.S. long-term mortgage rates are on the rebound after drifting near historic lows for much of 2022. So reports the Associated Press. Read more...

Rocket Pro TPO Doubles Down on its Commitment to Help Brokers Drive Business

A year ago Austin Niemiec, Executive Vice President at Rocket Pro TPO (the division of Rocket Mortgage working exclusively with mortgage brokers), pledged to leverage Rocket Technology, the Rocket realtor relationships and the Rocket brand to help mortgage brokers grow their business. Yesterday’s announcement takes that commitment up a notch by detailing new ways Rocket… Read more...

Mortgage Rates Rise Back Above the 3% Mark Again

U.S. long-term mortgage rates have once again climbed above the 3% level, a sign that historically low rates won’t stick around forever. So reports CNN. Read more...

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