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Lending (1447)

House Bill Would Set Up Agency to Fight Appraisal Bias

House Bill Would Set Up Agency to Fight Appraisal Bias

Sunday, 03 April 2022
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Rep. Maxine Waters (D-Calif.) has introduced legislation that would create a new Federal Valuation Agency in a bid to stamp out appraisal bias. So reports Credit Union Times. Read more...
Fannie Mae COO Kimberly Johnson Resigns

Fannie Mae COO Kimberly Johnson Resigns

Saturday, 02 April 2022
Lending
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Fannie Mae chief operating officer Kimberly Johnson has resigned effective April 25. So reports Dow Jones Newswires. Read more...
Mortgage Rates Jump Above 4.6%

Mortgage Rates Jump Above 4.6%

Saturday, 02 April 2022
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Mortgage rates have continued their recent move toward 5% as investors digest rising inflation and supply disruptions. So reports CNN. Read more...
Mortgage Refinance Demand Tumbles 60%

Mortgage Refinance Demand Tumbles 60%

Saturday, 02 April 2022
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Higher mortgage rates seem to have hit mortgage demand as refinance applications for the week ending March 25 were down 60% from a year ago and 15% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. So reports CNBC. Read more...
PennyMac to Lay Off 81 in California Mortgage Office

PennyMac to Lay Off 81 in California Mortgage Office

Friday, 25 March 2022
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PennyMac has revealed plans for 81 layoffs at the mortgage lender’s Roseville, Calif. office. So reports Sacramento Business Journal. Read more...
Soaring Mortgage Rates Spell 'Sticker Shock' for Borrowers

Soaring Mortgage Rates Spell 'Sticker Shock' for Borrowers

Friday, 25 March 2022
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Mortgage rates have become the latest source of “sticker shock” for U.S. consumers faced with rising prices across the economy. So reports NBC News. Read more...
Rocket Mortgage Swings for the Fences with Detroit Tigers Deal

Rocket Mortgage Swings for the Fences with Detroit Tigers Deal

Friday, 25 March 2022
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Rocket Mortgage and the Detroit Tigers recently unveiled an exclusive multi-year partnership making the home lender the Exclusive Mortgage Partner of the ballclub. So reports the Detroit Free Press. Read more...
Kamala Harris Unveil U.S. Plan to End Appraisal Discrimination

Kamala Harris Unveil U.S. Plan to End Appraisal Discrimination

Friday, 25 March 2022
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Vice President Kamala Harris has presented a plan meant to stop racial and ethnic discrimination in home appraisals. So reports the Associated Press. Read more...
Bodnar of MMG: The Fed's Hawkish Tones

Bodnar of MMG: The Fed's Hawkish Tones

Friday, 25 March 2022
Lending
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"This week, hawkish tones from Fed Chair Powell and other Fed officials pushed rates higher," said Bill Bodnar of the Mortgage Market Guide. "Then investment firms like Citigroup and Bank of America, called for aggressive rate hikes this Summer, sending bond yields to highs last seen in May 2019." Read more...
Russia’s Ukraine Invasion Adds to Pressures on Mortgage Biz

Russia’s Ukraine Invasion Adds to Pressures on Mortgage Biz

Friday, 18 March 2022
Lending
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Inflation concerns and supply-chain troubles have been joined by the economic impact of Russia’s invasion of Ukraine as the Federal Reserve begins raising interest rates. That’s according to the March 2022 commentary from the Fannie Mae Economic and Strategic Research Group. Read more...

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