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Lending (1495)

Redfin to Lay Off 121 Mortgage Employees, Buy Bay Equity

Redfin to Lay Off 121 Mortgage Employees, Buy Bay Equity

Friday, 14 January 2022
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Redfin has signaled that 121 people in its mortgage business will lose their jobs as the company braces for the acquisition of California mortgage lender Bay Equity Home Loans. So reports RISMedia. Read more...
CoreLogic Names Interim CEO as Frank Martell Steps Down

CoreLogic Names Interim CEO as Frank Martell Steps Down

Friday, 14 January 2022
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CoreLogic has tapped Pat Dodd as interim president and CEO, taking over for Frank Martell, who moves to non-executive board chairman. So reports MortgageOrb. Read more...
Refi Candidate Population Shrinks to 7.1M: Black Knight

Refi Candidate Population Shrinks to 7.1M: Black Knight

Friday, 14 January 2022
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With mortgage rates rising, refinance candidates have become fewer and farther between, new data shows. Read more...
Mortgage Rates Surge to Highest Level Since March 2020

Mortgage Rates Surge to Highest Level Since March 2020

Friday, 14 January 2022
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U.S. long-term mortgage rates have logged their second major leap of the year, soaring to their highest since the early days of the pandemic. So reports CNN. Read more...
Bodnar of MMG: Caught Between a Hawkish Fed and Sliding Consumer Sentiment

Bodnar of MMG: Caught Between a Hawkish Fed and Sliding Consumer Sentiment

Friday, 14 January 2022
Lending
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Bill Bodnar of the Mortgage Market Guide says the financial markets continue to be volatile and are caught between a hawkish Fed and multiple rate hikes along with weak retail sales and sliding consumer sentiment. Read more...
Bill Bodnar of MMG: Seeing Shades of 2018

Bill Bodnar of MMG: Seeing Shades of 2018

Sunday, 09 January 2022
Lending
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Bill Bodnar of The Mortgage Market Guide he's seeing shades of 2018. "We expected market volatility and we got it. The Fed Minutes came and the surprisingly hawkish tone hurt bonds, rates and stocks." Read more...
Mortgage Lending Boom Will Continue in 2022: MBA

Mortgage Lending Boom Will Continue in 2022: MBA

Sunday, 09 January 2022
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The Mortgage Bankers Association has projected that homebuyers will keep driving mortgage borrowing higher in the year ahead after a record 2021. So reports ABC News. Read more...
United Wholesale Mortgage Faces State COVID-19 Probe

United Wholesale Mortgage Faces State COVID-19 Probe

Sunday, 09 January 2022
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United Wholesale Mortgage has fallen subject to an investigation by the Michigan Occupational Safety and Health Administration following complaints about the company’s handling of the COVID-19 pandemic. So reports local FOX 2. Read more...
FHFA Boosts Fees for High-Balance and Second-Home Mortgages

FHFA Boosts Fees for High-Balance and Second-Home Mortgages

Sunday, 09 January 2022
Lending
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The Federal Housing Finance Agency has unveiled plans to hike upfront fees on mortgages for second homes as well as homes with balances higher than standard conforming loan limits. So reports Realtor Magazine. Read more...
Mortgage Rates Hit Highest Level Since May 2020

Mortgage Rates Hit Highest Level Since May 2020

Sunday, 09 January 2022
Lending
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U.S. long-term mortgage rates have rung in the new year in style, with a key benchmark climbing higher than at any point in 2021. So reports CNN. Read more...

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