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)

Two Big Mortgage Lenders Are Going on a Hiring Spree

Friday, 05 June 2020

Lending

Written by Chris Frankie

Quicken Loans and United Shore Financial Services have revealed that they are planning to add thousands more employees. So reports The Detroit News. Read more...

Home Prices Keep Rising Despite Pandemic, Unemployment

Thursday, 04 June 2020

Lending

Written by Chris Frankie

An economy wracked by the coronavirus pandemic and the highest employment since the Great Depression has not yet led to bargains in the housing market. So reports Realtor.com. Read more...

Share of Mortgages in Forbearance May Be Leveling Off

Wednesday, 03 June 2020

Lending

Written by Chris Frankie

The percentage of mortgages in forbearance has continued to increase, but at a lower level than earlier in the pandemic, according to data from the Mortgage Bankers Association. So reports FOX Business. Read more...

Mortgage Rates Dive to Third All-Time Low of 2020

Sunday, 31 May 2020

Lending

Written by Chris Frankie

The mortgage market has tumbled to another record low for interest rates, the third so far this year amid the coronavirus pandemic. So reports MarketWatch. Read more...

Nearly 7.4M Homes at Risk of Storm Surge Ahead of Hurricane Season

Thursday, 28 May 2020

Lending

Written by tim

CoreLogic® released its 2020 CoreLogic Storm Surge report, revealing nearly 7.4 million single- and multifamily homes with more than $1.8 trillion in combined reconstruction cost value are at risk of storm surge and possible mandatory evacuation in the midst of a global pandemic. Read more...

Pandemic Worsens Housing Supply Shortage: First American

Friday, 29 May 2020

Lending

Written by Chris Frankie

As more homeowners are reluctant to list their homes for sale amid the pandemic, the supply of homes available to potential home buyers continues to dwindle, says Mark Fleming, Chief Economist at First American. Read more...

Fannie Mae's Chief Economist Weighs in On Unemployment Report

Tuesday, 26 May 2020

Lending

Written by Chris Frankie

Initial claims for unemployment insurance were just under 2.4 million for the current reporting week (May 16). That represents a decline of 250,000 from the previous week’s downwardly revised number. Read more...

30-Year Mortgage Rate Dips to One Basis Point of All-Time Low

Monday, 25 May 2020

Lending

Written by Chris Frankie

Long-term U.S. mortgage rates have slipped, remaining near record lows. So reports MarketWatch. Read more...

Existing Home Sales Plummet Furthest Since 2010

Thursday, 28 May 2020

Lending

Written by Chris Frankie

U.S. sales of existing homes tumbled 17.8% in April, their largest one-month drop since a 22.5% plunge in July 2010. So reports the Associated Press. Read more...