Lending - The Mortgage Leader

MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.

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Lending (1447)

Rocket Launches 'Inflation Buster' Program

Saturday, 17 September 2022

Lending

Written by The Mortgage Leader

Rocket Mortgage has introduced its “Inflation Buster” program, which helps homebuyers reduce their monthly mortgage payment by one percentage point for the first year of their loan. Read more...

House Passes Bill to Streamline VA Appraisals

Saturday, 17 September 2022

Lending

Written by The Mortgage Leader

The U.S. House of Representatives has passed a bill that would prompt the U.S. Department of Veterans Affairs to revamp its regulations on when appraisals are necessary. So reports MReport. Read more...

loanDepot Brings Aboard New Chief Legal Officer

Saturday, 17 September 2022

Lending

Written by The Mortgage Leader

loanDepot has named Gregory Smallwood as chief legal officer and corporate secretary. Read more...

Mortgage Demand Slips Again Over Labor Day Weekend

Saturday, 17 September 2022

Lending

Written by The Mortgage Leader

Across both refinances and home purchases, demand for mortgages has continued its downward trend, according to the Mortgage Bankers Association. Read more...

Mortgage Rates Climb Above 6% for First Time Since 2008

Saturday, 17 September 2022

Lending

Written by The Mortgage Leader

Persistent inflation has led long-term U.S. interest rates to a peak unseen since the housing crisis. So reports CNN. Read more...

Bodnar of MMG: A Big Development, A Big Week Ahead

Saturday, 17 September 2022

Lending

Written by Chris Frankie

"The 10-yr Note yield approached an important ceiling of resistance," says Bill Bodnar of the Mortgage Market Guide (MMG). "In the coming week the Fed may determine which side of this important level rates will resides. This is a big moment for mortgage and housing." Read more...

'Zero-Down' Mortgages Spread as Banks Eye Racial Inequity

Saturday, 10 September 2022

Lending

Written by The Mortgage Leader

“Zero down payment” mortgages have been proliferating recently, as lenders including Bank of America, JPMorgan Chase and TD Bank offer such programs amid efforts to address racial inequity. So reports Axios. Read more...

Mortgage Demand Is Down 23% from a Year Ago: MBA

Saturday, 10 September 2022

Lending

Written by The Mortgage Leader

According to the Mortgage Brokers Association’s seasonally adjusted index, mortgage loan applications fell 23% year-over-year for the week ending September 2. So reports USA Today. Read more...

Rocket Mortgage, UWM Lift Conforming Loan Limits Early

Saturday, 10 September 2022

Lending

Written by The Mortgage Leader

First, Rocket Mortgage, and then, United Wholesale Mortgage, have each raised their conforming loan limits to $715,000. So reports the Los Angeles Daily News. Read more...