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)

Fannie Mae Predicts 'Modest Recession' in 2023

Fannie Mae has downgraded its economic forecasts for the rest of 2022 and 2023 and now projects a “modest recession” next year. Read more...

Mortgage Rates Extend Climb, Reach Highest Level Since April 2010

Mortgage rates kept going up in the latest weekly reading, touching their highest point in a dozen years. So reports CNN. Read more...

Fannie Mae Thinks Inventory Is Constrained By Affordability Fears

A perception among homeowners that affordable housing in their area is difficult to find may be causing people to stay put, adding to constraints on housing inventory. That's according to a survey by Fannie Mae. Read more...

Mortgage Bankers’ Per-Loan Profits Tumbled 44% in 2021

Mortgage bankers’ profitability on each loan fell a whopping 44% last year, an annual report by the Mortgage Bankers Association (MBA) finds. Read more...

Mortgage Rates Hit 5% for First Time Since 2011

Mortgage rates have reached another milestone in their recent rise from historic lows, with the benchmark mortgage product touching 5% for the first time in more than a decade. So reports MarketWatch. Read more...

Purchase Loan Locks Leap as Interest Rates Soar

Home buyers have rushed to set their loan rates in stone given how quickly the broader interest-rate environment is shifting. That according to a new monthly report from Black Knight. Read more...

Bodnar of MMG: Interpreting the Week's Movements

Fed speak and sobering words from ECB President Christine Lagarde pushed rates up to important technical markers. Read more...

Black Knight Considers Possible Sale

Black Knight has heard some acquisition interest and is looking into a possible sale. So reports Bloomberg. Read more...

FHFA Pauses Foreclosures for Homeowners Who Seek HAF Aid

The Federal Housing Finance Agency has announced that Fannie Mae and Freddie Mac will force servicers to put foreclosure activities on hold if the servicer has been informed that a borrower has applied for aid from the Treasury Department’s Homeowner Assistance Fund. Read more...

Redfin Wraps Up $138B Deal for Bay Equity Home Loans

Redfin has closed its $137.8 billion cash acquisition of mortgage lender Bay Equity Home Loans. So reports Seattle Agent. Read more...

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