Mortgage Industry Adapts to Rising Interest Rates The U.S. mortgage industry is adapting to rising interest rates, transforming lending strategies, and borrower behaviors. This article explores the implications for lenders and borrowers, offering insights into new trends and strategies.
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House Passes Bill to Streamline VA Appraisals

House Passes Bill to Streamline VA Appraisals

Saturday, 17 September 2022
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The U.S. House of Representatives has passed a bill that would prompt the U.S. Department of Veterans Affairs to revamp its regulations on when appraisals are necessary. So reports MReport. Read more...
loanDepot Brings Aboard New Chief Legal Officer

loanDepot Brings Aboard New Chief Legal Officer

Saturday, 17 September 2022
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loanDepot has named Gregory Smallwood as chief legal officer and corporate secretary.  Read more...
Mortgage Demand Slips Again Over Labor Day Weekend

Mortgage Demand Slips Again Over Labor Day Weekend

Saturday, 17 September 2022
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Across both refinances and home purchases, demand for mortgages has continued its downward trend, according to the Mortgage Bankers Association. Read more...
Mortgage Rates Climb Above 6% for First Time Since 2008

Mortgage Rates Climb Above 6% for First Time Since 2008

Saturday, 17 September 2022
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Persistent inflation has led long-term U.S. interest rates to a peak unseen since the housing crisis. So reports CNN. Read more...
Bodnar of MMG: A Big Development, A Big Week Ahead

Bodnar of MMG: A Big Development, A Big Week Ahead

Saturday, 17 September 2022
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"The 10-yr Note yield approached an important ceiling of resistance," says Bill Bodnar of the Mortgage Market Guide (MMG). "In the coming week the Fed may determine which side of this important level rates will resides. This is a big moment for mortgage and housing." Read more...
'Zero-Down' Mortgages Spread as Banks Eye Racial Inequity

'Zero-Down' Mortgages Spread as Banks Eye Racial Inequity

Saturday, 10 September 2022
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“Zero down payment” mortgages have been proliferating recently, as lenders including Bank of America, JPMorgan Chase and TD Bank offer such programs amid efforts to address racial inequity. So reports Axios. Read more...
Mortgage Demand Is Down 23% from a Year Ago: MBA

Mortgage Demand Is Down 23% from a Year Ago: MBA

Saturday, 10 September 2022
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According to the Mortgage Brokers Association’s seasonally adjusted index, mortgage loan applications fell 23% year-over-year for the week ending September 2. So reports USA Today. Read more...
Rocket Mortgage, UWM Lift Conforming Loan Limits Early

Rocket Mortgage, UWM Lift Conforming Loan Limits Early

Saturday, 10 September 2022
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First, Rocket Mortgage, and then, United Wholesale Mortgage, have each raised their conforming loan limits to $715,000. So reports the Los Angeles Daily News. Read more...
Mortgage Rates Touch Fresh 14-Year High

Mortgage Rates Touch Fresh 14-Year High

Saturday, 10 September 2022
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U.S. long-term mortgage rates have climbed to their highest point since 2008. So reports CNN. Read more...
Bodnar of MMG: Headline Risk Ahead

Bodnar of MMG: Headline Risk Ahead

Friday, 09 September 2022
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"After six weeks of moving higher, rates have stabilized despite more tough talk from a Fed Member and Europe raising rates by .75%," says Bill Bodnar of the Mortgage Market Guide (MMG).  Read more...

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