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Lending (1519)

Rocket, UWM, PennyMac Lift Jumbo Loan Caps Before FHFA

Rocket, UWM, PennyMac Lift Jumbo Loan Caps Before FHFA

Friday, 08 October 2021
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Rocket/Quicken Mortgage, United Wholesale Mortgage and PennyMac are offering higher-balance loans at conforming loan rates, ahead of an increase in conforming loan limits by the Federal Housing Finance Authority that’s expected in November. So reports MortgageGrader.com. Read more...
Mortgage Rates Slip Below 3% Again Amid Uncertainty

Mortgage Rates Slip Below 3% Again Amid Uncertainty

Friday, 08 October 2021
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U.S. long-term mortgage rates have retreated after recent weekly gains, as the closely watched 30-year loan dipped back below 3%. So reports the Associated Press. Read more...
Mortgage Demand Eases as Refinance Applications Tumble

Mortgage Demand Eases as Refinance Applications Tumble

Friday, 08 October 2021
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Recent weeks’ rebound in interest rates has cut into the U.S. appetite for mortgages. So reports CNBC. Read more...
Biggest Weekly Forbearance Improvement in 12 Months: Black Knight

Biggest Weekly Forbearance Improvement in 12 Months: Black Knight

Thursday, 07 October 2021
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The first signs of the anticipated sizable drop in the number of active forbearance plans, given the large number of plans both marked for either review (for extension/removal) or final expiration in September, is here. That's according to recent data from Black Knight. Read more...
Mortgage Rates Leap to Highest Since June

Mortgage Rates Leap to Highest Since June

Saturday, 02 October 2021
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Long-term U.S. mortgage rates have bounced back to their highest level since the beginning of summer. So reports Bloomberg. Read more...
Dem. Bill Would Set Up 20-Year Mortgages for New Homebuyers

Dem. Bill Would Set Up 20-Year Mortgages for New Homebuyers

Friday, 01 October 2021
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Several Democratic senators have proposed establishing a program to sponsor low fixed-rate 20-year mortgages for first-time, first-generation homebuyers with incomes of 120% or less of their area median income. So reports Atlanta Agent Magazine. Read more...
Mortgage Lenders Aren’t Ready for Climate Change: MBA

Mortgage Lenders Aren’t Ready for Climate Change: MBA

Friday, 01 October 2021
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Mortgage lenders and other stakeholders in housing finance are far from prepared to assess or mitigate risk from climate change, a new report from the Mortgage Bankers Association’s Research Institute for Housing America has found. So reports CNBC. Read more...
Rocket Mortgage Extends PGA Tour Deal Through 2027

Rocket Mortgage Extends PGA Tour Deal Through 2027

Friday, 01 October 2021
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Detroit’s inaugural PGA Tour event, the Rocket Mortgage Classic, will stay put at least through 2027. So reports The Detroit News. Read more...
Bodnar of MMG: What the $5T Infrastructure Negotiations Mean for Rates

Bodnar of MMG: What the $5T Infrastructure Negotiations Mean for Rates

Friday, 01 October 2021
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Rates were ticking higher on the notion the Fed will taper bond purchases soon, but failing negotiations on the $5 Trillion infrastructure and spending package helped rates recover, according to Bill Bodnar of The Mortgage Market Guide (MMG). Read more...
Little Movement in Forbearance Volumes: Black Knight

Little Movement in Forbearance Volumes: Black Knight

Friday, 24 September 2021
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The number of active forbearance plans fell by 18,000 (-1.4%) this week, leaving 1.58 million U.S. homeowners in COVID-19 forbearance as of September 14, according to recent data from Black Knight.  Read more...

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