Lending

Lending (1019)

Rocket's 3Q Profit Falls After 2020 Surge

Rocket Companies has posted a decline in third-quarter revenue and profit relative to the massive upswing a year before. So reports The Detroit Free Press. Read more...

Fed’s Taper May Set Stage for Gradual Mortgage Rate Rise

The Federal Reserve Open Markets Committee’s announcement that it will taper—or slow—its rate of bond buying in November and December probably won’t cause mortgage rates to jump, but it could mean a slow and steady increase. So reports Bankrate.com. Read more...

Mortgage Rates Inch Down After Weeks of Gains

The weekly average for U.S. long-term mortgage rates has edged back lower after rising for the previous several weeks. So reports the Associated Press. Read more...

9M Refis During COVID-19 Delivered $14B in Monthly Savings: Black Knight

While trillions of dollars in aid have been distributed since the onset of the pandemic, the significant economic stimulus afforded by the pandemic-era refi boom is often overlooked, according to recent data from Black Knight.  Read more...

Mortgage Demand Edges Up Despite Drop in Refinances

Appetite for mortgages has held steady overall though refinance demand has waned amid rising interest rates. So reports RISMedia. Read more...

United Wholesale CEO Named One of 'Michiganians of the Year'

United Wholesale Mortgage CEO Mat Ishbia has been selected as one of 2021’s “Michiganians of the Year,” with an in-depth profile in The Detroit News. Read more...

Rocket Mortgage’s New Ad Stars Arizona Cardinals Quarterback

Rocket Mortgage has hiked the ball to Arizona Cardinals quarterback Kyler Murray for the company’s most recent TV commercial. So reports Ad Age. Read more...

Mortgage Rates Climb to Highest Since April Fool’s Day

U.S. long-term mortgage rates have risen to their highest since April. So reports Bloomberg. Read more...

Bodnar of MMG: Have We Seen Rates Peak for 2021?

There are three reasons to think rates have peaked for the year, according to Bill Bodnar of The Mortgage Market Guide (MMG).  Read more...

Positioning for the Purchase Money Market

By Kevin Crichton, President and COO, EMM Loans, LLC, The mortgage industry is moving from an environment dominated by refinance mortgages, which the Mortgage Bankers Association (MBA) estimates accounted for 69% of all loans in the first quarter of this year, to one that is going to be driven by purchase money. The MBA estimates refinancings… Read more...

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