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.
Lending

Lending (1110)

Bodnar of MMG: Jobs, Spending, the Debt Ceiling and Bond Buy Tapering

Bill Bodnar of The Mortgage Market Guide (MMG) says this week, it is about jobs, the debt ceiling and spending debates and the idea the Fed will announce tapering of bond purchases on November 3rd. Read more...

Fannie Mae Updates Homeownership Education Rules

Fannie Mae has announced a change to its homeownership education requirements for applicable mortgages. Read more...

Rocket, UWM, PennyMac Lift Jumbo Loan Caps Before FHFA

Rocket/Quicken Mortgage, United Wholesale Mortgage and PennyMac are offering higher-balance loans at conforming loan rates, ahead of an increase in conforming loan limits by the Federal Housing Finance Authority that’s expected in November. So reports MortgageGrader.com. Read more...

Mortgage Rates Slip Below 3% Again Amid Uncertainty

U.S. long-term mortgage rates have retreated after recent weekly gains, as the closely watched 30-year loan dipped back below 3%. So reports the Associated Press. Read more...

Mortgage Demand Eases as Refinance Applications Tumble

Recent weeks’ rebound in interest rates has cut into the U.S. appetite for mortgages. So reports CNBC. Read more...

Biggest Weekly Forbearance Improvement in 12 Months: Black Knight

The first signs of the anticipated sizable drop in the number of active forbearance plans, given the large number of plans both marked for either review (for extension/removal) or final expiration in September, is here. That's according to recent data from Black Knight. Read more...

Mortgage Rates Leap to Highest Since June

Long-term U.S. mortgage rates have bounced back to their highest level since the beginning of summer. So reports Bloomberg. Read more...

Dem. Bill Would Set Up 20-Year Mortgages for New Homebuyers

Several Democratic senators have proposed establishing a program to sponsor low fixed-rate 20-year mortgages for first-time, first-generation homebuyers with incomes of 120% or less of their area median income. So reports Atlanta Agent Magazine. Read more...

Mortgage Lenders Aren’t Ready for Climate Change: MBA

Mortgage lenders and other stakeholders in housing finance are far from prepared to assess or mitigate risk from climate change, a new report from the Mortgage Bankers Association’s Research Institute for Housing America has found. So reports CNBC. Read more...

Rocket Mortgage Extends PGA Tour Deal Through 2027

Detroit’s inaugural PGA Tour event, the Rocket Mortgage Classic, will stay put at least through 2027. So reports The Detroit News. Read more...

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