Lending

Lending (1472)

UBS Plans to Shutter Business in U.S. Mortgage-Trading Unit

UBS has been preparing to close the “to-be-announced” trading business, which involves forward sales of mortgage-backed securities, within its U.S. mortgage unit. So reports Bloomberg. Read more...

Bodnar of MMG: The Bond Market Is Being Held Hostage

Bill Bodnar of the Mortgage Market Guide explores the impact of the debt ceiling debacle.   Read more...

Setpoint Snaps Up Resolute Diligence Solutions

Real-estate funding platform Setpoint has acquired due-diligence provider Resolute Diligence Solutions. So reports FinTech Futures. Read more...

Fannie Mae, Freddie Mac Put on Negative Watch by Fitch

Fannie Mae and Freddie Mac have been put on notice of a potential credit rating downgrade after Fitch placed them on negative watch amid debt-ceiling negotiations. So reports Reuters. Read more...

Rocket Launches 1% Down Home Loan Program

Rocket Mortgage has rolled out a new 1% down home loan program called ONE+. So reports RISMedia. Read more...

Mortgage Rates Rise to 10-Week High of 6.57%

U.S. long-term mortgage rates have climbed to their highest level since mid-March. So reports ABC News. Read more...

Sagent, American Savings Bank Add Seven Years to Partnership

Sagent has announced a seven-year extension of its partnership with American Savings Bank. So reports MortgageOrb. Read more...

Mortgage Rates Rebound Slightly Amid Economic Crosscurrents

U.S. long-term mortgage rates have recovered modestly in the face of cooling inflation and uncertainty around debt-ceiling negotiations. So reports CNN. Read more...

Fannie Mae Responds to April Housing Starts Increase

Fannie Mae chief economist Doug Duncan has delivered a cautiously optimistic response to Census Bureau data showing that single-family housing starts rose 1.6% month over month in April to an annualized rate of 846,000 units. So reports Builder. Read more...

IMBs Averaged $1,972 Loss Per Loan in First Quarter of 2023

The Mortgage Bankers Association has shared new data showing that independent mortgage banks and mortgage subsidiaries of chartered banks lost an average of $1,972 on each loan originated in the first quarter of the year. So reports The Hill. Read more...

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