Lending

Lending (1131)

Bodnar of MMG: The Fed's Hawkish Tones

"This week, hawkish tones from Fed Chair Powell and other Fed officials pushed rates higher," said Bill Bodnar of the Mortgage Market Guide. "Then investment firms like Citigroup and Bank of America, called for aggressive rate hikes this Summer, sending bond yields to highs last seen in May 2019." Read more...

Russia’s Ukraine Invasion Adds to Pressures on Mortgage Biz

Inflation concerns and supply-chain troubles have been joined by the economic impact of Russia’s invasion of Ukraine as the Federal Reserve begins raising interest rates. That’s according to the March 2022 commentary from the Fannie Mae Economic and Strategic Research Group. Read more...

Mortgage Rates Beat 4% for First Time Since 2019

U.S. long-term mortgage rates have eclipsed 4% for the first time in almost three years. So reports CNN. Read more...

Lenders One Brings Mortgages to Walmart

Lenders One Cooperative has joined forces with Walmart to sell mortgages. Read more...

Homebuyer 'Love Letter' Ban Halted By U.S. Judge in Oregon

Oregon’s ban on “love letters” from would-be homebuyers to sellers goes too far, a federal judge has ruled. So reports The Oregonian. Read more...

Bodnar of MMG: We Have Liftoff!

The Fed raised the Fed Funds Rate for the first time in three years. "Now, we have to watch how many rate hikes the economy can absorb," says Bill Bodnar of the Mortgage Market Guide (MMG).  Read more...

More Americans See Rates and Prices Continuing to Rise: Survey

When it comes to mortgage rates and house prices, the prevailing view among U.S. consumers is that both will keep rising even more in the year ahead. That’s according to Fanne Mae’s monthly Home Purchase Sentiment Index report. Read more...

Guaranteed Rate Merges with Title Underwriter ATG

Title insurance underwriter Attorneys’ Title Guaranty Fund has announced that it has agreed to merge with mortgage lender Guaranteed Rate. Read more...

Wolters Kluwer Buys IDS in $70M Deal

Wolters Kluwer has announced a roughly $70 million cash deal with The Reynolds and Reynolds Company to acquire International Document Services. So reports Dow Jones Newswires. Read more...

Mortgage Lenders Gloomy About Profits, Fannie Mae Survey Finds

A quarterly Fannie Mae survey finds that mortgage lenders remain downbeat about near-term profitability. So reports DSNews. Read more...

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