Lending - The Mortgage Leader

Navigating the Transition: The Shift in Mortgage Lending Rates The mortgage industry is witnessing a significant shift in lending rates, influencing both lenders and borrowers. This article explores the implications of these changes and strategies for adapting to new market conditions.

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Lending (1519)

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...

Bodnar of MMG: How Will the Next Stimulus Impact the Mortgage Biz?

Monday, 19 October 2020

Lending

Written by Chris Frankie

Bill Bodnar of The Mortgage Market Guide says we will most likely get a stimulus package after the election. Read more...

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Why California May Be the Best State for Your New Lending Business

Thursday, 05 November 2020

Lending

Written by Chris Frankie

If you’re considering starting a lending business in 2020 or 2021, you’ll need to seek out every advantage you can get. Read more...

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Fed Vice Chair: COVID-19 Will Hobble Economy for Years

Monday, 19 October 2020

Lending

Written by Chris Frankie

Federal Reserve Vice Chairman Richard Clarida has forecast that the hit to the U.S. economy from the coronavirus pandemic could last for years. So reports The Hill. Read more...

Delinquency Rate Hits 21-Year High: CoreLogic

Monday, 19 October 2020

Lending

Written by Chris Frankie

The 120-day mortgage delinquency rate has reached its highest level since CoreLogic started keeping track in 1999. So reports Yahoo Finance. Read more...