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Lending (1538)

Bodnar of MMG: A Silver Lining for Mortgage and Housing Pros

Bodnar of MMG: A Silver Lining for Mortgage and Housing Pros

Friday, 22 April 2022
Lending
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"This week, hawkish Fed rhetoric spooked the bond market again, causing rates to spike," says Bill Bodnar of the Mortgage Market Guide. "However, there's a silver lining for mortgage and housing professionals to follow." Read more...
Mr. Cooper Promotes Finance Deputy to CFO

Mr. Cooper Promotes Finance Deputy to CFO

Friday, 22 April 2022
Lending
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Mr. Cooper Group has named Jaime Gow as executive vice president and chief financial officer.  Read more...
Banks' Mortgage Volumes Dive as Borrowing Costs Surge

Banks' Mortgage Volumes Dive as Borrowing Costs Surge

Friday, 22 April 2022
Lending
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The recent jump in interest rates has hammered demand for mortgage originations, according to bank executives and Mortgage Bankers Association data. So reports Reuters. Read more...
Fannie Mae Predicts 'Modest Recession' in 2023

Fannie Mae Predicts 'Modest Recession' in 2023

Friday, 22 April 2022
Lending
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Fannie Mae has downgraded its economic forecasts for the rest of 2022 and 2023 and now projects a “modest recession” next year. Read more...
Mortgage Rates Extend Climb, Reach Highest Level Since April 2010

Mortgage Rates Extend Climb, Reach Highest Level Since April 2010

Friday, 22 April 2022
Lending
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Mortgage rates kept going up in the latest weekly reading, touching their highest point in a dozen years. So reports CNN. Read more...
Fannie Mae Thinks Inventory Is Constrained By Affordability Fears

Fannie Mae Thinks Inventory Is Constrained By Affordability Fears

Friday, 15 April 2022
Lending
Written by
A perception among homeowners that affordable housing in their area is difficult to find may be causing people to stay put, adding to constraints on housing inventory. That's according to a survey by Fannie Mae. Read more...
Mortgage Bankers’ Per-Loan Profits Tumbled 44% in 2021

Mortgage Bankers’ Per-Loan Profits Tumbled 44% in 2021

Friday, 15 April 2022
Lending
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Mortgage bankers’ profitability on each loan fell a whopping 44% last year, an annual report by the Mortgage Bankers Association (MBA) finds. Read more...
Mortgage Rates Hit 5% for First Time Since 2011

Mortgage Rates Hit 5% for First Time Since 2011

Friday, 15 April 2022
Lending
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Mortgage rates have reached another milestone in their recent rise from historic lows, with the benchmark mortgage product touching 5% for the first time in more than a decade. So reports MarketWatch. Read more...
Purchase Loan Locks Leap as Interest Rates Soar

Purchase Loan Locks Leap as Interest Rates Soar

Friday, 15 April 2022
Lending
Written by
Home buyers have rushed to set their loan rates in stone given how quickly the broader interest-rate environment is shifting. That according to a new monthly report from Black Knight. Read more...
Bodnar of MMG: Interpreting the Week's Movements

Bodnar of MMG: Interpreting the Week's Movements

Thursday, 14 April 2022
Lending
Written by
Fed speak and sobering words from ECB President Christine Lagarde pushed rates up to important technical markers. Read more...

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