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Lending (1513)

Bodnar of MMG: Interest Rates Backing Down

Monday, 31 October 2022

Lending

Written by The Mortgage Leader

"The idea that the Central Banks and our Fed will 'step down' the size of rate hikes going forward helped interest rates improve nicely," says Bill Bodnar of the Mortgage Market Guide (MMG). Read more...

FHFA Scraps G-Fees for Certain Buyers

Monday, 31 October 2022

Lending

Written by The Mortgage Leader

The Federal Housing Finance Agency said it will end guaranteed fees, or G-fees, for some first-time and low-income homebuyers. So reports FOX Business. Read more...

Mortgage Rates Jump Above 7% for First Time Since 2002

Monday, 31 October 2022

Lending

Written by The Mortgage Leader

U.S. long-term mortgage rates have crossed the psychologically important 7% milestone as they continued to climb, reaching their highest level since 2002. So reports the Associated Press. Read more...

MBA’s Bob Broeksmit Slams CFPB for 'Regulatory Overreach'

Monday, 31 October 2022

Lending

Written by The Mortgage Leader

The Mortgage Bankers Association’s president and CEO Bob Broeksmit has taken aim at the Consumer Financial Protection Bureau in a speech at the MBA’s 2022 Annual Convention & Expo in Nashville. Read more...

MBA’s Matt Rocco Prioritizes Affordable Rental Housing

Monday, 31 October 2022

Lending

Written by The Mortgage Leader

The Mortgage Bankers Association’s incoming 2023 chairman Matt Rocco has highlighted affordable rental housing as what he called his “flagship initiative” in a speech at MBA’s 2022 Annual Convention & Expo in Nashville. Read more...

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...