Lending

Lending (1504)

Bodnar of MMG: An Important Time to Pay Attention

The bond markets are testing key levels heading into the upcoming Fed Meeting, says Bill Bodnar of MMG. "Remember, there are three reactions to the Fed Meeting." Read more...

Mortgage Rates Sink After Bank Collapses

After a half a percentage point rise over the prior month, U.S. long-term mortgage rates have fallen following high-profile bank failures. So reports CNN. Read more...

Guaranteed Rate Rolls Out 'Same Day Mortgage' Nationwide

Guaranteed Rate has launched its Same Day Mortgage program nationwide, offering loan approval in 24 hours or less. So reports New York’s Pix11. Read more...

Silicon Valley Bank’s Collapse Highlights Mortgage Exposure

The regulatory closure of Silicon Valley Bank had the most immediate impact on Silicon Valley, but there are also implications for the mortgage world. So reports The Real Deal. Read more...

Ex-Fannie Mae Boss to Run Silicon Valley Bridge Bank

The Federal Deposit Insurance Corporation has tapped former Fannie Mae head Tim Mayopoulos as the chief executive officer of Silicon Valley Bank, a newly formed “bridge bank” after the collapse of SVB Financial Group. So reports Reuters. Read more...

Housing Market Is 6.5 Million Homes Short: Realtor.com

The U.S. housing market is short of 6.5 million single-family homes, according to a paper by Realtor.com. So reports MarketWatch. Read more...

Rocket Mortgage Offers Freddie Mac’s BorrowSmart Access Credit

Rocket Mortgage has become the first national lender to introduce Freddie Mac’s BorrowSmart Access program, which provides a $3,000 credit for first-time homebuyers to use on their down payment. So reports DBusiness. Read more...

U.S. Housing Sentiment Returns to Near Record Low: Fannie Mae

Americans have gone back to feeling close to their gloomiest ever on record about the housing market, according to Fannie Mae. So reports MortgageOrb. Read more...

Mortgage Rates Rise for Fifth Week, Near 7%

U.S. long-term mortgage rates have posted a fifth consecutive weekly increase, to their highest point since topping 7% last fall. So reports the Associated Press. Read more...

Bodnar of MMG: Today Was a Good Day

"The Jobs Report was bond friendly," says Bill Bodnar of the Mortgage Market Guide. "The unemployment rate was higher than expected and wages were lower than expected. Yields are falling hard heading into the next big headline risk event, Tuesday's CPI report." Read more...

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