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Lending (1534)

ICE Wins $155M From PennyMac in Mortgage Tech Dispute

ICE Wins $155M From PennyMac in Mortgage Tech Dispute

Friday, 08 December 2023
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An arbitrator has ruled that PennyMac must pay Intercontinental Exchange an award totaling more than $155 million for the unauthorized use of confidential information from ICE-owned Black Knight. So reports FinTech Global. Read more...
Justin Ishbia Takes Flak Over $3M Park Donation Offer

Justin Ishbia Takes Flak Over $3M Park Donation Offer

Friday, 08 December 2023
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Justin Ishbia, the billionaire brother of United Wholesale Mortgage CEO Mat Ishbia, has received criticism from a Chicago-area park board over a proposed $3 million donation for beach renovations. So reports The Real Deal. Read more...
Mortgage Rates Fall to Almost Four-Month Low

Mortgage Rates Fall to Almost Four-Month Low

Friday, 08 December 2023
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U.S. long-term mortgage rates have extended their recent decline, touching their lowest since mid-August. So reports CNN. Read more...
MMG's Bodnar: November Was An Incredible Month

MMG's Bodnar: November Was An Incredible Month

Tuesday, 05 December 2023
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Bill Bodnar of the Mortgage Market Guide discusses the "best month for Treasuries in over 40 years," a change in sentiment, the labor market and the coming week ahead. Read more...
FHFA Finalizes ERCF Rules for Fannie, Freddie

FHFA Finalizes ERCF Rules for Fannie, Freddie

Tuesday, 05 December 2023
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The Financial Housing Finance Agency has issued a final rule updating the Enterprise Regulatory Capital Framework governing Fannie Mae and Freddie Mac. So reports Financial Regulation News. Read more...
Mortgage Rejection Rates Drop as Applicant Pool Shrinks

Mortgage Rejection Rates Drop as Applicant Pool Shrinks

Tuesday, 05 December 2023
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Mortgage application rejection rates have fallen this year compared with 2022, though mortgage application rates also fell, according to survey results from the Federal Reserve Bank of New York. So reports Dow Jones. Read more...
Figure Hires Banks to Take Lending Arm Public: Bloomberg

Figure Hires Banks to Take Lending Arm Public: Bloomberg

Tuesday, 05 December 2023
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Fintech company Figure Technologies has enlisted banks such as Goldman Sachs, JPMorgan Chase and Jefferies Financial for its lending arm’s initial public offering, according to sources with knowledge of the situation. So reports Bloomberg. Read more...
Mortgage Rates Post Fifth Weekly Decline in a Row

Mortgage Rates Post Fifth Weekly Decline in a Row

Tuesday, 05 December 2023
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U.S. long-term mortgage rates have fallen for a fifth consecutive week. So reports CNN. Read more...
VA Pauses Foreclosures for 6 Months

VA Pauses Foreclosures for 6 Months

Friday, 24 November 2023
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The Department of Veterans Affairs has called a moratorium on foreclosures for veterans and servicemembers with VA-guaranteed loans until May 31, 2024. So reports NPR. Read more...
NAR's Lawrence Yun Sees Home Sales Rebounding in 2024

NAR's Lawrence Yun Sees Home Sales Rebounding in 2024

Friday, 24 November 2023
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According to Lawrence Yun, chief economist at the National Association of Realtors, mortgage rates will fall in time for home sales to climb next year. So reports DSNews. Read more...

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