Lending - The Mortgage Leader

Navigating the Transition: The Shift in Mortgage Lending Rates The mortgage industry is witnessing a significant shift in lending rates, influencing both lenders and borrowers. This article explores the implications of these changes and strategies for adapting to new market conditions.

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Lending (1519)

Housing Affordability Falls to 39-Year Low: ICE

Friday, 10 November 2023

Lending

Written by The Mortgage Leader

Home buyers have gone back to the 1980s, at least in terms of how little house they can afford, according to a new report by Intercontinental Exchange. So reports NEXT Mortgage News. Read more...

Mortgage Rates Dip for Second Straight Week

Friday, 10 November 2023

Lending

Written by The Mortgage Leader

U.S. long-term mortgage rates have declined for two consecutive weeks after hitting a 22-year high in October. So reports the Associated Press. Read more...

Mr. Cooper Restores Some Systems After Disruptive Cyberattack

Friday, 10 November 2023

Lending

Written by The Mortgage Leader

Mr. Cooper has brought at least some of its systems back online after a cyberattack that disrupted customers' access to its online payment portal for more than a week. So reports FOX Business. Read more...

Fannie Mae: Rates Only One Reason Homeowners Staying Put

Friday, 03 November 2023

Lending

Written by The Mortgage Leader

The “lock-in effect” from lower mortgage rates on homes bought before the recent rate surge isn’t the only reason for a decline in existing homes for sale, according to Fannie Mae. So reports MReport. Read more...

Rocket Stays Profitable in Third Quarter Despite Rate Surge

Friday, 03 November 2023

Lending

Written by The Mortgage Leader

Rocket Companies has posted a net income of $115 million on $1.2 billion in total revenue for the three months ending September 30. So reports the Detroit Free Press. Read more...

Mortgage Rates Edge Lower for First Time in Seven Weeks

Friday, 03 November 2023

Lending

Written by The Mortgage Leader

U.S. long-term mortgage rates have paused their nearly two-month climb but remain unaffordably lofty for many homebuyers. So reports the Associated Press. Read more...

FTC Expands Data Breach Disclosure Rules to Non-Banks

Friday, 03 November 2023

Lending

Written by The Mortgage Leader

The Federal Trade Commission has given the go-ahead to a new rule that will require mortgage brokers and other non-banking financial institutions to report data breaches within 30 days. So reports PYMNTS. Read more...