Lending

Lending (1019)

Mortgage Rates Climb to Highest Since April Amid Inflation

U.S. long-term mortgage rates are on the rebound after drifting near historic lows for much of 2022. So reports the Associated Press. Read more...

Rocket Pro TPO Doubles Down on its Commitment to Help Brokers Drive Business

A year ago Austin Niemiec, Executive Vice President at Rocket Pro TPO (the division of Rocket Mortgage working exclusively with mortgage brokers), pledged to leverage Rocket Technology, the Rocket realtor relationships and the Rocket brand to help mortgage brokers grow their business. Yesterday’s announcement takes that commitment up a notch by detailing new ways Rocket… Read more...

Mortgage Rates Rise Back Above the 3% Mark Again

U.S. long-term mortgage rates have once again climbed above the 3% level, a sign that historically low rates won’t stick around forever. So reports CNN. Read more...

Black Knight Introduces Broker Marketing Tools

Black Knight has launched new marketing tools for wholesale mortgage brokers. So reports Inman. Read more...

Mortgage Demand Levels Off Following Interest Rate Rebound

With mortgage rates inching upward recently, overall demand for mortgage loans has flattened. So reports CNBC. Read more...

Share of Mortgages in Forbearance Falls to Lowest in a Year

The tally of loans in forbearance fell from 2.89% of servicers’ portfolio volume to 2.62% as of October 3, according to the Mortgage Bankers Association’s latest forbearance and call volume survey. So reports MortgageOrb. Read more...

Bodnar of MMG: Have We Seen A Near-term Peak In Rates?

Bill Bodnar of The Mortgage Market Guide (MMG), said mortgage rates improved from the worst levels since March. Read more...

Bodnar of MMG: Jobs, Spending, the Debt Ceiling and Bond Buy Tapering

Bill Bodnar of The Mortgage Market Guide (MMG) says this week, it is about jobs, the debt ceiling and spending debates and the idea the Fed will announce tapering of bond purchases on November 3rd. Read more...

Fannie Mae Updates Homeownership Education Rules

Fannie Mae has announced a change to its homeownership education requirements for applicable mortgages. Read more...

Rocket, UWM, PennyMac Lift Jumbo Loan Caps Before FHFA

Rocket/Quicken Mortgage, United Wholesale Mortgage and PennyMac are offering higher-balance loans at conforming loan rates, ahead of an increase in conforming loan limits by the Federal Housing Finance Authority that’s expected in November. So reports MortgageGrader.com. Read more...

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