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Lending (1515)

Bodnar of MMG: Recession, Restrictive and Retreat

Bodnar of MMG: Recession, Restrictive and Retreat

Thursday, 07 July 2022
Lending
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These three words dominate the recent headlines as oil and bond yields retreat from recent highs in response to rising recession fears, according to Bill Bodnar of The Mortgage Market Guide (MMG). Read more...
Mortgage Rates Hit Highest Since 2008

Mortgage Rates Hit Highest Since 2008

Saturday, 25 June 2022
Lending
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Mortgage rates have hit their highest level in almost 14 years, according to weekly data from Freddie Mac. So reports the Mortgage Research Center. Read more...
New Residential Restructures, Rebrands As Rithm Capital

New Residential Restructures, Rebrands As Rithm Capital

Saturday, 25 June 2022
Lending
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New Residential Investment Corp., provider of capital and services to the mortgage and financial services industry, has announced that it is internalizing its management and rebranding as Rithm Capital. Read more...
CFPB Declares 'Fresh Look' at Qualified Mortgage Rules

CFPB Declares 'Fresh Look' at Qualified Mortgage Rules

Saturday, 25 June 2022
Lending
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The Consumer Financial Protection Bureau announced it will revisit, and possibly update, decade-old rules for the mortgage market. Read more...
JPMorgan Lays Off Hundreds of Home Lending Pros

JPMorgan Lays Off Hundreds of Home Lending Pros

Saturday, 25 June 2022
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JPMorgan Chase has confirmed that it will lay off hundreds of home lending employees “as a result of cyclical changes in the mortgage market.” So reports Bloomberg. Read more...
Q4 2021 Critical Defect Rate Rose to 1.95%: ACES Report

Q4 2021 Critical Defect Rate Rose to 1.95%: ACES Report

Saturday, 18 June 2022
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ACES Quality Management has released its quarterly ACES Mortgage QC Industry Trends Report covering the fourth quarter (Q4) and full calendar year (CY) of 2021. It analyzes post-closing quality control data. Read more...
Fannie Mae’s Chief: One Encouraging Sign from New Residential Construction Report

Fannie Mae’s Chief: One Encouraging Sign from New Residential Construction Report

Saturday, 18 June 2022
Lending
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Doug Duncan, Fannie Mae Chief Economist, says one encouraging sign in the residential construction report from the Census Bureau is the 9.1% jump in completions. That’s its highest rate since 2007. Read more...
Bodnar of MMG: What the Fed's Move Means for Long-term Rates

Bodnar of MMG: What the Fed's Move Means for Long-term Rates

Saturday, 18 June 2022
Lending
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The Fed raised the Fed Funds Rate by .75%, the largest such rate hike since 1994. What does it mean for long-term rates? Read more...
Fannie Mae Launches Weekly Refinance Application-Level Index

Fannie Mae Launches Weekly Refinance Application-Level Index

Friday, 17 June 2022
Lending
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Fannie Mae has announced its new Refinance Application-Level Index (RALI), a weekly series geared toward tracking refinance activity and historical trends. Read more...
Loan-Modification Scam Spawns $4.5M Consent Order

Loan-Modification Scam Spawns $4.5M Consent Order

Friday, 17 June 2022
Lending
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Florida businesses that allegedly targeted Hispanics in violation of the Fair Housing Act have agreed to pay $4.5 million in a consent order, according to the Department of Justice. So reports the Orlando Sentinel. Read more...

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