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Lending (1495)

Spike in Wood Costs Pushes Home Prices Higher

Spike in Wood Costs Pushes Home Prices Higher

Friday, 19 February 2021
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The cost of new homes is feeling upward pressure due to soaring lumber prices. Softwood lumber, which is normally used in house frames, almost doubled between April 2020 and January 2021, according to the Department of Labor’s producer price index. So reports BankRate.com. Read more...
Bodnar of MMG: Rates Move Higher, But We May Have Found a Bottom

Bodnar of MMG: Rates Move Higher, But We May Have Found a Bottom

Friday, 19 February 2021
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Bill Bodnar of The Mortgage Market Guide (MMG) says that rates moved higher this week, but we might have found a bottom. Read more...
Bodnar of MMG: Why Bond Pricing Worsened

Bodnar of MMG: Why Bond Pricing Worsened

Friday, 12 February 2021
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Bill Bodnar of The Mortgage Market Guide explains that rates ticked up a bit and MBS saw price declines despite Fed bond buying. On Wednesday, the Fed purchased $9 Billion in bonds and pricing worsened... why? $20 Billion was offered for sale. Read more...
Forbearances Fall Below 2.7M for First Time Since April: Black Knight

Forbearances Fall Below 2.7M for First Time Since April: Black Knight

Saturday, 13 February 2021
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According to Black Knight’s McDash Flash Forbearance Tracker, the number of mortgages in active forbearance fell again this week, dropping 48,000 (-1.6%) from last Tuesday. Read more...
LoanDepot, in Slimmed-Down IPO, Raises Only $54M

LoanDepot, in Slimmed-Down IPO, Raises Only $54M

Saturday, 13 February 2021
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Online mortgage lender LoanDepot has raised $54 million in a downsized initial public offering. So reports Renaissance Capital’s IPO Center. Read more...
Mortgage Rates Hold Steady Again, But for How Long?

Mortgage Rates Hold Steady Again, But for How Long?

Saturday, 13 February 2021
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After rebounding somewhat to start the year, mortgage rates have settled into a narrow range in the past few weeks, raising uncertainty about whether they could go even lower. So reports MarketWatch. Read more...
Bond Insurer MBIA Settles Mortgage Case Against Credit Suisse

Bond Insurer MBIA Settles Mortgage Case Against Credit Suisse

Saturday, 13 February 2021
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In 2009, municipal bond insurer MBIA Inc.’s MBIA Insurance Corp. filed mortgage claims against lender Credit Suisse over property debt. Now, more than a decade later, the parties have agreed to settle. So reports Reuters. Read more...
Zillow, Spoofed on 'SNL,' Posts Record Earnings

Zillow, Spoofed on 'SNL,' Posts Record Earnings

Saturday, 13 February 2021
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After being the subject of a Saturday Night Live sketch about lockdown-era millennials fawning over digital home listings, Zillow Group announced record profits for the fourth quarter. So reports Bloomberg. Read more...
Forbearances Decline on Month-End Expirations: Black Knight

Forbearances Decline on Month-End Expirations: Black Knight

Saturday, 06 February 2021
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As expected, forbearance volumes declined this week, driven by January month-end plan expirations. According to Black Knight’s McDash Flash Forbearance Tracker, after two (also expected) consecutive weekly increases, the number of mortgages in active forbearance fell by 45,000, a 1.6% drop this week. Read more...
Bodnar of MMG: What to Take Away from Positively Sloped Charts

Bodnar of MMG: What to Take Away from Positively Sloped Charts

Friday, 05 February 2021
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Rates have ticked up with the 10-year note at 1.15%. This week Bill Bodnar of The Mortgage Market Guide (MMG) discusses some positively sloped charts that are important for you and your clients to follow. Read more...

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