Lending

Lending (1495)

Bodnar of MMG: Today Was a Good Day

"The Jobs Report was bond friendly," says Bill Bodnar of the Mortgage Market Guide. "The unemployment rate was higher than expected and wages were lower than expected. Yields are falling hard heading into the next big headline risk event, Tuesday's CPI report." Read more...

Bodnar of MMG: Inflation Continuing to Unnerve Global Markets

Inflation here and abroad has unnerved the financial markets, according to Bill Bodnar of the Mortgage Market Guide. Read more...

Supreme Court Takes Case Threatening CFPB’s Existence

The Supreme Court has agreed to hear a case that could endanger the existence of the Consumer Financial Protection Bureau, the Federal Reserve and other federal agencies. So reports DSNews. Read more...

Rocket, UWM Cut Jobs After First Losses Since Going Public

Rocket Companies and United Wholesale Mortgage have revealed thousands of job cuts shortly after each posted its first quarterly loss as a public company. So reports the Detroit Free Press. Read more...

Fannie Mae Adds Fuel to Appraisal Modernization’s Fire

Fannie Mae has provided details about its ongoing effort to modernize property valuation, with appraisals no longer necessarily the default option. So reports Mortgage Orb. Read more...

Mortgage Rates Hit Three-Month High

U.S. weekly long-term mortgage rates have risen for a fourth straight week, reaching their highest point in three months. So reports the Associated Press. Read more...

Bodnar of MMG: Inflation Number 'Sucked'

"You can't sugarcoat it. That inflation number--it sucked," observes Bill Bodnar of the Mortgage Market Guide. "It was unnerving... the markets really got banged around." Read more...

FHA Cuts Mortgage Insurance Premiums by 30 Basis Points

The Biden administration announced that the Federal Housing Administration will reduce the annual mortgage insurance premium it charges by 30 basis points. So reports NBC News. Read more...

Mortgage Rates Rise for Third Straight Week

Long-term U.S. mortgage rates have gone up for a third consecutive week amid inflation worries. So reports CNN. Read more...

Mutual of Omaha Mortgage Acquires Keller Mortgage

Mutual of Omaha Mortgage has acquired the assets of Keller Mortgage for an undisclosed amount. So reports RISMedia. Read more...

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