Lending

Lending (1131)

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...

Bodnar of MMG: What the $5T Infrastructure Negotiations Mean for Rates

Rates were ticking higher on the notion the Fed will taper bond purchases soon, but failing negotiations on the $5 Trillion infrastructure and spending package helped rates recover, according to Bill Bodnar of The Mortgage Market Guide (MMG). Read more...

Little Movement in Forbearance Volumes: Black Knight

The number of active forbearance plans fell by 18,000 (-1.4%) this week, leaving 1.58 million U.S. homeowners in COVID-19 forbearance as of September 14, according to recent data from Black Knight.  Read more...

Mortgage Rates Tick Up But Stay in Narrow Range

Long-term U.S. mortgage rates have edged higher, but they’re still basically treading the same water they have been since mid-August. So reports Money. Read more...

Mortgage Demand Soars in Mid-September

Following a quiet Labor Day week, mortgage demand among homebuyers and homeowners has jumped heading into the fall. So reports CNBC. Read more...

Former Chick-Fil-A Director Admits to Mortgage Fraud

An ex-supervisor for Chick-Fil-A has pleaded guilty to charges based on a scheme that involved bilking $492,000 from the business and forging payroll records for a mortgage loan, according to prosecutors. So reports the Associated Press. Read more...

Podcast: FirstClose’s Kathleen Mantych Talks Mortgage Tech

Kathleen Mantych, senior accounting executive at FirstClose, shares her views on the evolution of mortgage technology. Hear the discussion on a recent episode of the Fintech Hunting podcast. Read more...

Bodnar of MMG: Setting the Stage for a Tapering of Bond Purchases

Fed Chair Jerome Powell set the stage for a tapering of bond purchases as soon as the next Fed Meeting, on November 3rd, according to Bill Bodnar of The Mortgage Market Guide (MMG). Read more...

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