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Lending (1472)

Mortgage Rates Drift Lower for Second Straight Week

Sunday, 14 May 2023

Lending

Written by The Mortgage Leader

Mortgage rates have edged down for two consecutive weeks amid signs of cooling inflation. So reports CNN. Read more...

Bodnar of MMG: Why Rates Have Been Unable to Improve

Sunday, 14 May 2023

Lending

Written by Chris Frankie

"Rates have been unable to improve because of clear technical barriers," says Bill Bodnar of the Mortgage Market Guide (MMG). Read more...

Bodnar of MMG: A Mixed Bag for Jobs

Friday, 05 May 2023

Lending

Written by The Mortgage Leader

"The Jobs Report was a mixed bag," according to Bill Bodnar of the Mortgage Market Guide. Bodnar notes that as of right now, there's a chance the Fed stays pat in June. Read more...

Mortgage-Backed Securities Issuance Drops to 23-Year-Low

Thursday, 04 May 2023

Lending

Written by The Mortgage Leader

In the first four months of 2023, global mortgage-backed securities issuance fell to its lowest level in 23 years. So reports Reuters. Read more...

Fannie Mae 1Q Profits Climb Despite Lower Revenues

Thursday, 04 May 2023

Lending

Written by The Mortgage Leader

Fannie Mae has announced first-quarter net income of $3.78 billion, more than double the fourth quarter of 2022 but down 14% from a year earlier. So reports NEXTMortgageNews. Read more...

Ishbia on Rocket’s Gilbert: “He Doesn’t Like Me and I Don’t Like Him”

Thursday, 04 May 2023

Lending

Written by The Mortgage Leader

United Wholesale Mortgage CEO Mat Ishbia has used some pointed words to address the rivalry between himself and Rocket Mortgage owner Dan Gilbert. So reports The Detroit Free Press. Read more...

Rocket CEO Farner’s Pay Nearly Quintuples in Final Year

Thursday, 04 May 2023

Lending

Written by The Mortgage Leader

Jay Farner, set to retire as CEO of Rocket Companies on June 1, received total compensation of $9.469 million last year, up from $1.603 million in 2021, according to a regulatory filing. So reports The Detroit News. Read more...

Bodnar of MMG: Bonds Like Bad News

Friday, 28 April 2023

Lending

Written by The Mortgage Leader

"First Republic's problems late on a Friday are good news for rates," observes Bill Bodnar of the Mortgage Market Guide. "Bonds like bad news." Read more...

Many Homeowners Fear Giving Up Lower Rates: Survey

Friday, 28 April 2023

Lending

Written by The Mortgage Leader

A new survey has shed light on how many homeowners are putting off selling their homes this buying season because they don’t want to give up their current lower rates. So reports Yahoo! Finance. Read more...