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Lending

Lending (1519)

FHFA Proposes Updated Requirements for Fannie, Freddie Seller/Servicers

FHFA Proposes Updated Requirements for Fannie, Freddie Seller/Servicers

Sunday, 02 February 2020
Lending
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On Friday, the Federal Housing Finance Agency (FHFA) said it plans to update the minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers. Read more...
Mr. Cooper Group to Slash 301 Jobs, Shutter Oregon Office

Mr. Cooper Group to Slash 301 Jobs, Shutter Oregon Office

Friday, 07 February 2020
Lending
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Mr. Cooper Group has informed state authorities that the planned shuttering of its Beaverton, Oregon, location will get rid of 301 jobs. So reports The Oregonian. Read more...
Digital Real Estate Broker Compass Confirms Layoffs

Digital Real Estate Broker Compass Confirms Layoffs

Wednesday, 05 February 2020
Lending
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Compass, a digital real estate brokerage backed by Japanese venture capital powerhouse SoftBank, has acknowledged that it is laying off as many as 40 employees in its marketing, information technology and mergers departments. So reports The Real Deal. Read more...
Mortgage Rates Near Three-Year Lows as Virus Helps Borrowers

Mortgage Rates Near Three-Year Lows as Virus Helps Borrowers

Sunday, 02 February 2020
Lending
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Long-term mortgage rates have sunk to their second-lowest level since 2017 as market worries about the coronavirus outbreak have paradoxically given U.S. homebuyers a boost. So reports MarketWatch. Read more...
United Shore Tackles Rocket Mortgage with Super Bowl Ad

United Shore Tackles Rocket Mortgage with Super Bowl Ad

Saturday, 01 February 2020
Lending
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United Shore Financial hits Rocket Mortgage, the recently named “official mortgage sponsor” of the Super Bowl, with the force of a charging linebacker in a newly revealed Super Bowl commercial of its own. So reports The Detroit News. Read more...
Demystifying Credit Risk Transfer

Demystifying Credit Risk Transfer

Friday, 31 January 2020
Lending
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The author is Don Layton, Senior Industry Fellow at the Joint Center for Housing Studies of Harvard University and the CEO of Freddie Mac from May 2012 until June 2019. Freddie Mac and Fannie Mae securitize mortgages they purchase from bank and non-bank lenders. In doing so they sell the complex interest rate risk of… Read more...
Strong 2019 Close Pushes Mortgage Delinquenices to Near-Record Low: Black Knight

Strong 2019 Close Pushes Mortgage Delinquenices to Near-Record Low: Black Knight

Thursday, 30 January 2020
Lending
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December saw a strong improvement in the national delinquency rate (down 3.75% from November and more than 12% from last year). At 3.40%, 2019 ended with the delinquency rate within 0.04% of the record low set back in May. Read more...
Howard Bancorp to Shutter Mortgage Lending Business

Howard Bancorp to Shutter Mortgage Lending Business

Sunday, 26 January 2020
Lending
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Howard Bancorp., the parent company of Maryland’s Howard Bank, announced plans to close down its mortgage lending operations. Read more...
Mortgage Applications Fall After Hot Start to 2020

Mortgage Applications Fall After Hot Start to 2020

Wednesday, 29 January 2020
Lending
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Mortgage activity, which started the year strong out of the gate, has softened somewhat but remains historically robust. So reports CNBC. Read more...
FICO to Launch New Versions of Credit Scores

FICO to Launch New Versions of Credit Scores

Sunday, 26 January 2020
Lending
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Fair Isaac Corp., the organization behind the commonly used FICO credit scores, has two new tools for lenders on the way this summer, the FICO Score 10 and the FICO Score 10 T. So reports MarketWatch. Read more...

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