Lending - The Mortgage Leader

The Shift in Mortgage Lending Amid Rising Interest Rates Explore the current trends and challenges in mortgage lending amid rising interest rates. Learn how lenders and borrowers are adapting to the changing landscape.

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Lending (1538)

BoA Launches Zero-Down-Payment Mortgages to Help Minorities

Tuesday, 06 September 2022

Lending

Written by The Mortgage Leader

Bank of America has rolled out mortgages with zero down payment and zero closing costs in certain cities, part of a bid to increase homeownership in Black and Hispanic/Latino neighborhoods. So reports NBC. Read more...

Mortgage Rates Spike More Than Half a Point in Two Weeks

Monday, 05 September 2022

Lending

Written by The Mortgage Leader

U.S. long-term mortgage rates have continued their upward climb, giving homebuyers no break from affordability worries. So reports Yahoo! Money. Read more...

Willow Servicing Nabs $5M in Seed Funding

Monday, 05 September 2022

Lending

Written by The Mortgage Leader

Willow Servicing, a startup offering a cloud-based mortgage servicing platform, has announced that it closed a $6 million seed funding round. Read more...

Bill Bodnar of MMG: A Bad Week for Bonds

Saturday, 20 August 2022

Lending

Written by The Mortgage Leader

"Bonds and interest rates had a bad week," says Bill Bodnar of the Mortgage Market Guide. Read more...

Bodnar of MMG: Inflation May Have Peaked, So What's Next?

Friday, 12 August 2022

Lending

Written by The Mortgage Leader

Bill Bodnar of the Mortgage Market Guide (MMG) discusses inflation, oil, the Consumer Price Index and the Producer Price Index. Read more...

Mortgage Rates Edge Down on Favorable Inflation Signals

Saturday, 20 August 2022

Lending

Written by The Mortgage Leader

Long-term U.S. mortgage rates have inched lower following healthy indications on inflation. So reports CNN. Read more...

Mortgage Demand Dips to 22-Year Low

Saturday, 20 August 2022

Lending

Written by The Mortgage Leader

Appetite for home loans has sunk to levels not seen since the turn of the millennium. So reports The Real Deal. Read more...

UWM Profit Shrinks to $215M in 2Q, Besting Rocket

Saturday, 20 August 2022

Lending

Written by The Mortgage Leader

United Wholesale Mortgage has declared $215 million in net income for the second quarter, down from $453 million in the first quarter. However, it still bested the $139 million it saw during the same period last year. So reports the Detroit Free Press. Read more...

Rate Lock Volume Keeps Falling From 2021’s Boom Levels: MCT

Saturday, 20 August 2022

Lending

Written by The Mortgage Leader

Overall rate lock volume tumbled 46.5% in July when compared with the lofty heights reached during the same month last year. That’s according to Mortgage Capital Trading’s latest MCTlive! Lock Volume Indices. Read more...