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What Does Surprise Cut from The Fed Mean for Mortgage Rates?

What Does Surprise Cut from The Fed Mean for Mortgage Rates?

Tuesday, 10 March 2020
Lending
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Last week, the The Federal Reserve made a surprise—between meetings—cut, lowering the fed funds rate by a half-point, to a range of 1% to 1.25%. How will this impact mortgage rates? Read more...
Gen Xers Denied Home Loans Most Often: Report

Gen Xers Denied Home Loans Most Often: Report

Friday, 13 March 2020
Lending
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The generation that faces home loan denials most often is Gen X, the cohort from 40 to 54 years old, according to a new survey by the National Association of Realtors. So reports Yahoo Finance. Read more...
U.S. Housing Market is Short by 3.3M Units: Freddie Mac

U.S. Housing Market is Short by 3.3M Units: Freddie Mac

Thursday, 12 March 2020
Lending
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According to a new research report by Freddie Mac, the U.S. housing market is undersupplied by an estimated 3.3 million units, a shortage that’s rising by roughly 300,000 units annually. So reports Yahoo Finance. Read more...
Mortgage Rates Sink to Lowest in 50-Year History

Mortgage Rates Sink to Lowest in 50-Year History

Wednesday, 11 March 2020
Lending
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As coronavirus fears drive down interest rates, borrowing costs for potential homeowners have sunk to their lowest going back nearly half a century. So reports Business Insider. Read more...
Refi Lending Surges, Retention Suffers: Black Knight

Refi Lending Surges, Retention Suffers: Black Knight

Thursday, 05 March 2020
Lending
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Black Knight estimates that there are 11.1 million refi candidates. The firm 30-year mortgage holders with 720+ credit score, 80% max LTV and who can shave at least .75% off their first lien rate as refi candidates. Black Knight bases its analysis off of the Freddie Mac PMMS 30-year average, which came in at 3.45%… Read more...
Mortgage Fraud Risk Falls to New Low: First American

Mortgage Fraud Risk Falls to New Low: First American

Friday, 06 March 2020
Lending
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The First American Loan Application Defect Index for January 2020, showed that the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications decreased by 3% compared with the previous month. Read more...
Housing Takes Spotlight in Democratic Presidential Race

Housing Takes Spotlight in Democratic Presidential Race

Wednesday, 04 March 2020
Lending
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Democratic presidential candidates have taken up housing policy as a big issue in the 2020 primary campaign. So reports Curbed. Read more...
Weekly Mortgage Applications Rose Ahead of Rate Drop

Weekly Mortgage Applications Rose Ahead of Rate Drop

Tuesday, 03 March 2020
Lending
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Mortgage activity was up in the week before rates fell back to multi-year lows amid coronavirus fears. So reports CNBC. Read more...
Housing Market Potential Reaches Two-Year High: First American

Housing Market Potential Reaches Two-Year High: First American

Friday, 28 February 2020
Lending
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First American’s proprietary Potential Home Sales Model for the month of January 2020 shows that potential existing-home sales increased to a 5.36 million seasonally adjusted annualized rate (SAAR), a 1.4 percent month-over-month increase in January. Read more...
Trump Taps Dana Wade to Run FHA As Commissioner

Trump Taps Dana Wade to Run FHA As Commissioner

Sunday, 23 February 2020
Lending
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The Trump administration has revealed plans to nominate Dana Wade as Federal Housing Association commissioner. So reports American Banker. Read more...

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