Lending

Lending (1472)

Can Remote Work Ease the Affordability Crunch?

Flexible working arrangements have remained popular long after the onset of the COVID pandemic, which could help reduce affordability pressures around homebuying. So reports Fannie Mae’s Perspectives blog. Read more...

Guild Mortgage Acquires Midwest-Based First Centennial

San Diego, California-based lender Guild Mortgage has acquired Illinois-based First Centennial Mortgage, which has branches mainly in the Midwest. So reports MReport. Read more...

Ishbia Pledged Most of UWM’s Outstanding Shares to Buy Suns

Mat Ishbia, chairman and CEO of UWM Holdings Corp., promised more than half of the mortgage giant’s outstanding shares to secure two loans before his record $4 billion purchase of the NBA’s Phoenix Suns. So reports Bloomberg. Read more...

Mortgage Credit Availability Falls to 10-Year Low

Potential homebuyers have seen available credit for mortgages decline to the lowest level in 10 years. So reports CNN. Read more...

UWM, Rocket Return to Profitability in 2Q

United Wholesale Mortgage and rival Rocket Companies have each announced a swing back to the black in the second quarter of 2023 after two consecutive quarterly losses. So reports The Real Deal. Read more...

IMB Losses Narrow to $534 Per Loan in 2Q

Independent mortgage banks have continued to lose money in recent months, but less than they were shedding at the start of 2023. So reports DSNews. Read more...

Mortgage Rates Climb to Highest in More Than 20 Years

U.S. long-term mortgage rates have surged to their highest level in more than two decades as the Federal Reserve weighs whether to continue raising interest rates. So reports ABC News. Read more...

Homeowners with Rates Over 5% More Likely to Sell: Zillow

The share of homeowners with rates above 5% who plan to sell is approximately double the share of homeowners with rates below 5%, according to Zillow research. So reports NEXT Mortgage News. Read more...

Mortgage Rates Rise Amid Upbeat Data, Credit Downgrade

U.S. long-term mortgage rates have risen toward the 5% mark following positive economic readings and Fitch Ratings’ downgrade of the U.S. government’s debt rating. So reports Dow Jones. Read more...

Guaranteed Rate Launches 1% Down Payment Program

Guaranteed Rate has announced a new mortgage loan program offering a 1% down payment option. So reports RISMEdia. Read more...

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