Lending - The Mortgage Leader

Navigating the Unchartered Waters: Rising Interest Rates in Mortgage Lending Explore how rising interest rates are affecting mortgage lending and homebuyer affordability in the current market.

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Lending (1495)

Forbearances Inch Above 3 Million for First Time in Weeks

Friday, 30 October 2020

Lending

Written by Chris Frankie

Mortgage forbearances have been on the rise once again, according to Black Knight. Read more...

Rocket’s Lendesk Acquires Finmo Financial Technologies

Friday, 30 October 2020

Lending

Written by Chris Frankie

Rocket Companies subsidiary Lendesk Technologies has unveiled its acquisition of Finmo Financial Technologies, which offers a digital mortgage service to Canadian brokers. Read more...

Bodnar of MMG: Still About the Stimulus

Friday, 23 October 2020

Lending

Written by Chris Frankie

Is it on or is it off? Bill Bodnar of the Mortgage Market Guide (MMG) discusses the status of the stimulus and its impact whether it comes now or after the election. Read more...

Weekly Forbearance Numbers See Modest Improvement: Black Knight

Friday, 23 October 2020

Lending

Written by Chris Frankie

Forbearance volumes saw a modest decline, falling by 11,000 from the week prior. Read more...

Existing Home Sales Post Biggest Jump in 14 Years

Friday, 23 October 2020

Lending

Written by Chris Frankie

The National Association of Realtors has announced that U.S. existing home sales climbed 9.4% in September to a seasonally adjusted annual rate of 6.54 million. So reports Business Insider. Read more...

CFPB Extends QM Patch Until Replacement Is Ready

Friday, 23 October 2020

Lending

Written by Chris Frankie

The Consumer Financial Protection Bureau has announced a final rule that extends the “QM patch” for Fannie Mae and Freddie Mac until whenever a successor is ready. So reports the Scotsman Guide. Read more...

FHFA’s Calabria Defends Refinance Fee as Necessary

Friday, 23 October 2020

Lending

Written by Chris Frankie

Federal Housing Finance Agency director Mark Calabria has detailed his defense of a new 0.5% fee on refinances, set to take effect on December 1. So reports Bankrate.com. Read more...

Mortgage Rates Slip to 11th All-Time Low of 2020

Friday, 23 October 2020

Lending

Written by Chris Frankie

U.S. long-term mortgage rates keep hitting new record depths amid market strains from the COVID-19 pandemic and the presidential race. So reports MarketWatch. Read more...