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Lending (1563)

Fitch Cuts Ratings on Two Mortgage Lenders

Fitch Cuts Ratings on Two Mortgage Lenders

Friday, 21 October 2022
Lending
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Financial services company Fitch Ratings has added to the gloom for the mortgage industry, downgrading two lenders. Read more...
Mortgage Rates Flirt with 7%, Stay at 20-Year High

Mortgage Rates Flirt with 7%, Stay at 20-Year High

Friday, 21 October 2022
Lending
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U.S. long-term mortgages have edged ever closer to 7% while staying at their highest since 2002. So reports Yahoo! Money. Read more...
Freddie Mac Will Factor Cash-Flow Data Into Underwriting

Freddie Mac Will Factor Cash-Flow Data Into Underwriting

Friday, 21 October 2022
Lending
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Freddie Mac has said that as of November 6, it will start including borrowers’ bank account data in its loan purchase eligibility assessments. So reports InfoBytes Blog. Read more...
Mortgage Demand Sinks to Lowest Since 1997

Mortgage Demand Sinks to Lowest Since 1997

Friday, 21 October 2022
Lending
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Demand for mortgages from homebuyers and refinancers has continued to slide, reaching its lowest level in 25 years. So reports CNBC. Read more...
Bodnar of MMG: Volatility, Tough Fed Talk and the Bank of England

Bodnar of MMG: Volatility, Tough Fed Talk and the Bank of England

Friday, 14 October 2022
Lending
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"This week we experienced high volatility and major price/rates swings in response to high inflation readings, tough Fed talk, Fed Minutes and the Bank of England forced to buy bonds to stabilize their bond market," say Bill Bodnar of the Mortgage Market Guide. Read more...
Mortgage Rates Hit 20-Year High, Near 7%

Mortgage Rates Hit 20-Year High, Near 7%

Friday, 14 October 2022
Lending
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U.S. long-term mortgage rates have climbed to their highest level since April 2002. So reports Yahoo! Money. Read more...
Adjustable-Rate Mortgages Enjoy a Return to Favor

Adjustable-Rate Mortgages Enjoy a Return to Favor

Friday, 14 October 2022
Lending
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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
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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
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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...

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