Lending - The Mortgage Leader

Bodnar of MMG: The Most Important Line of the Week "Until substantial further progress is made" was the most important line of the week for anyone buying or selling loans, according to Bill Bodnar of The Mortgage Market Guide.

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Lending (912)

Bodnar of MMG: Long End of Bond Market Having a Tough Time

Friday, 26 February 2021

Lending

Written by Chris Frankie

Bill Bodnar of The Mortgage Market Guide (MMG) explains that long-term interest rates moved up to their highest levels in a year despite significant bond buying from the Fed. What's next? Read more...

Rocket Companies Posts $9B Profit for 2020

Friday, 26 February 2021

Lending

Written by Chris Frankie

Rocket Companies, which includes Quicken Loans, has announced a record profit for its first year as a public company. So reports the Detroit Free Press. Read more...

Mortgage Rates Climb But Linger Near Historic Lows

Friday, 26 February 2021

Lending

Written by Chris Frankie

Mortgage rates have increased from historic lows, but not by much, as the coronavirus vaccine continues its rollout and the economy struggles to rebound from the global pandemic. So reports the Associated Press. Read more...

NY Court Issues Key Decision on Mortgage Timing

Friday, 26 February 2021

Lending

Written by Chris Frankie

New York’s highest state court has published a “landmark” ruling, siding with mortgage lenders in foreclosure-related appeals involving statutes of limitations. That’s according to an article by law firm McGlinchey Stafford, and as Law360.com also reports. Read more...

CFPB Mulls Fate of Trump-Era Mortgage Rules

Friday, 26 February 2021

Lending

Written by Chris Frankie

The Consumer Financial Protection Bureau has said that it is weighing whether to “revisit” the Seasoned QM and General QM rules, codified in December under the Trump administration. So reports CNBC. Read more...

Forbearance Improvement Remains Slow, But Steady: Black Knight

Friday, 19 February 2021

Lending

Written by Chris Frankie

Following the trend of mid-month increases in forbearance volumes that have taken place since the recovery began, the number of mortgages in active forbearance rose by 15,000 (+0.06) since last Tuesday, according to recent data from Black Knight. Read more...

Biden Administration Extends Mortgage Forbearance Again

Friday, 19 February 2021

Lending

Written by Chris Frankie

President Joe Biden has moved to prolong mortgage forbearance for another six months and extend the foreclosure moratorium until June 30. So reports CNBC. Read more...

Existing Home Sales Hit 14-Year High in 2020

Friday, 19 February 2021

Lending

Written by Chris Frankie

Sales of existing homes totaled 5.64 million units last year, the highest since 2006. So reports CNBC. Read more...

Mortgage Rates Rebound as Inflation Worries Mount

Friday, 19 February 2021

Lending

Written by Chris Frankie

Mortgage rates have soared back to their highest levels since November as inflation concerns increased long-term bond yields, which normally move in tandem with mortgage rates. So reports MarketWatch. Read more...

Spike in Wood Costs Pushes Home Prices Higher

Friday, 19 February 2021

Lending

Written by Chris Frankie

The cost of new homes is feeling upward pressure due to soaring lumber prices. Softwood lumber, which is normally used in house frames, almost doubled between April 2020 and January 2021, according to the Department of Labor’s producer price index. So reports BankRate.com. Read more...