Lending

Lending (1495)

Bill Bodnar of MMG: Lower Rates for Longer Than Most Would Expect

Bill Bodnar of the Mortgage Market Guide (MMG) discusses the impact of the strong labor market, inflation near its target and declning fears of a recession. He also notes three things to look out for this week. Read more...

FHA Boasts Highest Capital Reserves in 12 Years

The Federal Housing Administration’s capital reserve ratio reached 4.84% in the latest fiscal year, up from 2.76% in 2018 and its highest level since fiscal 2007. That’s according to the regulator’s annual report to Congress (PDF). Read more...

Fannie-Freddie Stock Sales May Happen By 2022: FHA

Fannie Mae and Freddie Mac will probably be prepared for new public offerings by 2021 or 2022, the mortgage finance giants’ regulator has said. So reports Bloomberg. Read more...

Mortgage Delinquencies Dip to Lowest Since 1995

The seasonally adjusted delinquency rate for mortgage loans on one- to four-unit residential properties fell to 3.97% of all loans outstanding at the end of the third quarter, the Mortgage Bankers Association has announced, citing its survey results. Read more...

Why the Time May Be Right for New Home Construction to Accelerate: First American

Thus far in 2019, the story of the housing market has been a tale of strong housing demand and limited supply. On the demand side, steadily rising house-buying power has fueled greater demand. Falling mortgage rates and rising household income sparked a nearly 12.6% increase in house-buying power year to date through September. Read more...

FHFA Requests Input On GSEs’ UMBS Pooling Practices

The Federal Housing Finance Agency has announced that it issued a request for input about Fannie Mae’s and Freddie Mac’s pooling practices for forming “To-Be-Announced”-eligible Uniform Mortgage-Backed Securities (UMBS). Read more...

More Homes 'Equity Rich' Than Underwater: ATTOM

U.S. homeowners are more likely to be “equity rich” than underwater. That’s according to a new report by ATTOM Data Solutions. Read more...

BB&T-SunTrust Merger Wins U.S. Antitrust Approval

U.S. antitrust authorities gave their blessing to a merger between BB&T and SunTrust Banks, the Justice Department has announced. So reports CNBC. Read more...

Black Knight, PennyMac Sue Each Other Over Business Tactics

Two giants of the U.S. mortgage industry, Black Knight and PennyMac, have opened up a legal battle with each other over what each side views as unfair business practices. So reports Newsweek. Read more...

Bill Bodnar of MMG: What Week for the Mortgage Business!

Bill Bodnar of the Mortgage Market Guide discusses last week's Fed rate cut, the jobs report that easily beat expectations, revisions to previous jobs numbers, hourly earnings data and how a lot of recent data has poured cold water on a recession talk. Read more...

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