Lending - The Mortgage Leader

MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.

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Lending (1438)

Bodnar of MMG: About That Wall Street Journal Article

Friday, 21 October 2022

Lending

Written by Chris Frankie

"A Wall Street Journal article early on a Friday morning shook the market in a good way heading into the weekend," says Bill Bodnar of the Mortgage Market Guide (MMG). Read more...

Fitch Cuts Ratings on Two Mortgage Lenders

Friday, 21 October 2022

Lending

Written by The Mortgage Leader

Financial services company Fitch Ratings has added to the gloom for the mortgage industry, downgrading two lenders. Read more...

Mortgage Rates Flirt with 7%, Stay at 20-Year High

Friday, 21 October 2022

Lending

Written by The Mortgage Leader

U.S. long-term mortgages have edged ever closer to 7% while staying at their highest since 2002. So reports Yahoo! Money. Read more...

Freddie Mac Will Factor Cash-Flow Data Into Underwriting

Friday, 21 October 2022

Lending

Written by The Mortgage Leader

Freddie Mac has said that as of November 6, it will start including borrowers’ bank account data in its loan purchase eligibility assessments. So reports InfoBytes Blog. Read more...

Mortgage Demand Sinks to Lowest Since 1997

Friday, 21 October 2022

Lending

Written by The Mortgage Leader

Demand for mortgages from homebuyers and refinancers has continued to slide, reaching its lowest level in 25 years. So reports CNBC. Read more...

Bodnar of MMG: Volatility, Tough Fed Talk and the Bank of England

Friday, 14 October 2022

Lending

Written by The Mortgage Leader

"This week we experienced high volatility and major price/rates swings in response to high inflation readings, tough Fed talk, Fed Minutes and the Bank of England forced to buy bonds to stabilize their bond market," say Bill Bodnar of the Mortgage Market Guide. Read more...

Mortgage Rates Hit 20-Year High, Near 7%

Friday, 14 October 2022

Lending

Written by The Mortgage Leader

U.S. long-term mortgage rates have climbed to their highest level since April 2002. So reports Yahoo! Money. Read more...

Adjustable-Rate Mortgages Enjoy a Return to Favor

Friday, 14 October 2022

Lending

Written by The Mortgage Leader

Demand has shifted toward adjustable-rate mortgages as interest rates have climbed. So reports CNBC. Read more...

Cooling Housing Market Hits Nonbank Lenders Even Harder

Friday, 14 October 2022

Lending

Written by The Mortgage Leader

While large banks have been laying off staff in response to a weaker mortgage originations outlook, a Fitch Ratings report says that nonbank lenders have been facing even more downbeat options. So reports MarketWatch. Read more...