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Lending (1438)

Bodnar of MMG: What the Fed's Move Means for Long-term Rates

The Fed raised the Fed Funds Rate by .75%, the largest such rate hike since 1994. What does it mean for long-term rates? Read more...

Fannie Mae Launches Weekly Refinance Application-Level Index

Fannie Mae has announced its new Refinance Application-Level Index (RALI), a weekly series geared toward tracking refinance activity and historical trends. Read more...

Loan-Modification Scam Spawns $4.5M Consent Order

Florida businesses that allegedly targeted Hispanics in violation of the Fair Housing Act have agreed to pay $4.5 million in a consent order, according to the Department of Justice. So reports the Orlando Sentinel. Read more...

Mortgage Demand Has Fallen By Half Since a Year Ago

With home prices high and rates rising, overall mortgage demand has tumbled by roughly half from the same time a year ago, according to one weekly measure. So reports CNBC. Read more...

Foreclosures Continue Their 'Slow, Steady Climb Back to Normal'

Foreclosure activity has continued ticking back up from its pandemic lows, according to the latest monthly data from ATTOM. So reports Forbes.com. Read more...

Mortgage Rates Rebound to 5.23% Ahead of Fed Meeting

U.S. long-term mortgage rates have bounced higher in the week before the next Federal Reserve meeting. So reports CBS. Read more...

Fannie Mae: 79% of Consumers Say It’s a Bad Time to Buy a Home

Fannie Mae’s monthly housing survey has found that the share of U.S. consumers who think it’s a bad time to buy a home has hit a record high of 79%. So reports MarketWatch. Read more...

GSEs Launch Effort to Ease Homeownership, End Racial Gap

Fannie Mae and Freddie Mac have unveiled plans for making it easier to buy a home and closing the racial homeownership gap. So reports USA Today. Read more...

Mortgage Demand Index Sinks to 22-Year Low

Appetite for mortgages has continued to fall as mortgage rates rebound from a May slip and home listings remain scarce. So reports CNBC. Read more...

Bodnar of MMG: Can the Fed Pull Off a Soft Landing

CPI was hot, hot, hot, according to Bill Bodnar of the Mortgage Market Guide (MMG). Now the discussion is whether the Fed can administer a soft landing and hikes rates without putting the economy into a recession. Read more...

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