Lending

Lending (1519)

Cash Is King for Home Offers Like No Time Since 2014: Redfin

A new study by Redfin has found that an estimated 33.4% of U.S. home purchases in April were conducted in cash, the biggest share since 2014. So reports DSNews. Read more...

Bodnar of MMG: Concerns Underneath the Hood of the Jobs Report

Bill Bodnar of the Mortgage Market Guide discusses the jobs report's strong headline numbers, but also reasons for concern. Read more...

Mortgage Rates Surge to Six-Month High on “Buoyant” Economy

U.S. long-term mortgage rates have climbed to their highest level in six months amid what Freddie Mac’s chief economist called a “buoyant” economy. So reports Dow Jones. Read more...

FHA Proposes Mortgage Payment Cuts to Offset Higher Rates

The Federal Housing Administration has asked for public comment on a new proposal for an option for mortgage servicers to lower borrowers’ monthly payments for as long as five years. So reports DSNews. Read more...

Shopping Around Could Save Borrowers $100 Per Month: CFPB

A study by the Consumer Financial Protection Bureau has found that loan shopping could save borrowers $100 or more each month. So reports NEXT Mortgage News. Read more...

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...

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