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Lending (1495)

Bank Regulator Proposes Undoing Trump-Era Fair Lending Rules

Bank Regulator Proposes Undoing Trump-Era Fair Lending Rules

Saturday, 11 September 2021
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The U.S. Office of the Comptroller of the Currency has formally proposed removing a Trump-era regulatory update for the Community Reinvestment Act and instead going back to the previous rules set in 1995. So reports Reuters. Read more...
Fannie Mae, Freddie Mac to File Annual Equitable Finance Reports

Fannie Mae, Freddie Mac to File Annual Equitable Finance Reports

Saturday, 11 September 2021
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The Federal Housing Finance Agency has announced that it will require Fannie Mae and Freddie Mac to submit Equitable Housing Finance Plans by year-end and to file annual progress reports on meeting those plans. So reports Financial Regulation News. Read more...
Rocket Mortgage Expands College Sports Blitz, Recruits TV Analyst

Rocket Mortgage Expands College Sports Blitz, Recruits TV Analyst

Friday, 10 September 2021
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Rocket Mortgage has announced that it is stepping up its branding campaign involving college athletic programs, and the nation’s largest mortgage lender has also debuted a new commercial starring TV commentator Kirk Herbstreit. So report the Winston-Salem (N.C.) Journal and AdAge. Read more...
Bodnar of MMG: The Jobs Report Stunk Out Loud

Bodnar of MMG: The Jobs Report Stunk Out Loud

Friday, 03 September 2021
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Bill Bodnar of The Mortgage Market Guide (MMG) discusses the Employment Situation for August. "In other words, the Jobs Report. Folks, it stunk out loud. Don't be surprised if the Fed hides behind the awful headline number and makes no mention of tapering at the September Fed Meeting.". Read more...
Bodnar of MMG: Congress Printing and The Fed Exiting

Bodnar of MMG: Congress Printing and The Fed Exiting

Wednesday, 25 August 2021
Lending
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In this week's video, Bill Bodnar of The Mortgage Market Guide discusses Congress printing and the Fed exiting. Spending $5T comes with a cost. Read more...
Forbearances Down 53K, All Eyes On Sept. Expirations: Black Knight

Forbearances Down 53K, All Eyes On Sept. Expirations: Black Knight

Thursday, 02 September 2021
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The final week of August brought a 53,000 decline in the number of active forbearance plans, driven by a 23,000 reduction in plans among FHA/VA loans, according to new data from Black Knight. Plan volumes also improved among both GSE (-20,000) and portfolio/PLS (-10,000) loans from the week prior. Read more...
Mortgage Demand Eases As Refinancing Activity Slows

Mortgage Demand Eases As Refinancing Activity Slows

Thursday, 02 September 2021
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Mortgage applications have fallen by 2.4% in one week, according to the latest data from the Mortgage Bankers Association. So reports Reuters. Read more...
Mortgage Rates Won’t Budge, Wrap Steadiest Month of 2021

Mortgage Rates Won’t Budge, Wrap Steadiest Month of 2021

Thursday, 02 September 2021
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Mortgage rates finished their most stable month of the year as August came to a close. According to Freddie Mac, the 30-year, fixed-rate mortgage averaged 2.87% for the week ending Sept. 2. So reports Inman. Read more...
Rocket Leverages Mortgage Biz With Push Into Car Sales

Rocket Leverages Mortgage Biz With Push Into Car Sales

Thursday, 02 September 2021
Lending
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As Rocket Auto, part of billionaire Dan Gilbert’s Rocket Companies, announced the launch of a new online vehicle marketplace, the press release emphasized the boost the new venture would get from the organization’s massive mortgage business. So reports The Detroit News. Read more...
UWM Plans to Accept Mortgage Payments in Bitcoin

UWM Plans to Accept Mortgage Payments in Bitcoin

Thursday, 02 September 2021
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United Wholesale Mortgage has said that it intends to begin accepting cryptocurrency, such as bitcoin, for mortgage payments later this year. So reports CNBC. Read more...

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