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Lending

Lending (1515)

Adjustable-Rate Mortgages Enjoy a Return to Favor

Adjustable-Rate Mortgages Enjoy a Return to Favor

Friday, 14 October 2022
Lending
Written by
Demand has shifted toward adjustable-rate mortgages as interest rates have climbed. So reports CNBC. Read more...
Cooling Housing Market Hits Nonbank Lenders Even Harder

Cooling Housing Market Hits Nonbank Lenders Even Harder

Friday, 14 October 2022
Lending
Written by
While large banks have been laying off staff in response to a weaker mortgage originations outlook, a Fitch Ratings report says that nonbank lenders have been facing even more downbeat options. So reports MarketWatch. Read more...
Fannie Mae Now Projects Home Prices Will Fall in 2023

Fannie Mae Now Projects Home Prices Will Fall in 2023

Friday, 14 October 2022
Lending
Written by
The Fannie Mae Economic and Strategic Research Group’s forecast for U.S. home prices in the coming year has turned negative. Read more...
Cornerstone Home Lending Merges with Roscoe State Bank

Cornerstone Home Lending Merges with Roscoe State Bank

Saturday, 08 October 2022
Lending
Written by
Cornerstone Home Lending, one of the biggest U.S. mortgage companies, announced the completion of its merger with the Roscoe State Bank of Roscoe, Texas. Read more...
UWM Unveils Three Tools for Independent Brokers

UWM Unveils Three Tools for Independent Brokers

Saturday, 08 October 2022
Lending
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United Wholesale Mortgage has announced three new tools for independent mortgage brokers, aimed at transparency, control and speed. Read more...
Rocket CFO, General Counsel Retire in Executive Shuffle

Rocket CFO, General Counsel Retire in Executive Shuffle

Saturday, 08 October 2022
Lending
Written by
Rocket Companies has said that its chief financial officer and general counsel are both retiring as of this fall, to be replaced by internal candidates. So reports the Detroit Free Press. Read more...
Mortgage Rates Slip After Six Straight Weeks of Gains

Mortgage Rates Slip After Six Straight Weeks of Gains

Saturday, 08 October 2022
Lending
Written by
U.S. long-term mortgage rates have declined for the first time in seven weeks but remain at levels unseen since before the 2008 financial crisis. So reports the Associated Press. Read more...
Bodnar of MMG: Conflicting Labor Market Signals Usher In More Volatility

Bodnar of MMG: Conflicting Labor Market Signals Usher In More Volatility

Saturday, 08 October 2022
Lending
Written by
"This week, conflicting signals on the labor market and central banks around the globe have reignited uncertainty and volatility in the financial markets," says Bill Bodnar of the Mortgage Market Guide. Read more...
RocketPro's Niemiec: UWM Trying to 'Destroy' Broker Model

RocketPro's Niemiec: UWM Trying to 'Destroy' Broker Model

Tuesday, 04 October 2022
Lending
Written by
Austin Niemiec, Executive Vice President at RocketPro TPO, says United Wholesale Mortgage is trying to destroy the broker model it claims to support. He also asserts that UWM is trying to upend the free-market system as it relates to mortgage brokers, eliminating much of the value mortgage brokers bring to their home buying clients.  Read more...
Hurricane Ian Wind, Storm Surge Losses in Florida Expected to Be $28B to $47B: CoreLogic

Hurricane Ian Wind, Storm Surge Losses in Florida Expected to Be $28B to $47B: CoreLogic

Saturday, 01 October 2022
Lending
Written by
Wind losses for residential and commercial properties in Florida are expected to be between $22 billion and $32 billion, while insured storm surge losses in the state are expected to be an additional $6 billion to $15 billion, according to an estimate from CoreLogic. Read more...

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