Lending - The Mortgage Leader

MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.

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Lending (1447)

Sagent, American Savings Bank Add Seven Years to Partnership

Monday, 22 May 2023

Lending

Written by The Mortgage Leader

Sagent has announced a seven-year extension of its partnership with American Savings Bank. So reports MortgageOrb. Read more...

Mortgage Rates Rebound Slightly Amid Economic Crosscurrents

Monday, 22 May 2023

Lending

Written by The Mortgage Leader

U.S. long-term mortgage rates have recovered modestly in the face of cooling inflation and uncertainty around debt-ceiling negotiations. So reports CNN. Read more...

Fannie Mae Responds to April Housing Starts Increase

Monday, 22 May 2023

Lending

Written by The Mortgage Leader

Fannie Mae chief economist Doug Duncan has delivered a cautiously optimistic response to Census Bureau data showing that single-family housing starts rose 1.6% month over month in April to an annualized rate of 846,000 units. So reports Builder. Read more...

IMBs Averaged $1,972 Loss Per Loan in First Quarter of 2023

Monday, 22 May 2023

Lending

Written by The Mortgage Leader

The Mortgage Bankers Association has shared new data showing that independent mortgage banks and mortgage subsidiaries of chartered banks lost an average of $1,972 on each loan originated in the first quarter of the year. So reports The Hill. Read more...

Bodnar of MMG: 3 Big Market-moving News Events

Monday, 22 May 2023

Lending

Written by The Mortgage Leader

Bill Bodnar of the Mortgage Market Guide shares his thoughts on three big news events midday Friday that moved the markets as we head into the coming week. Read more...

UWM, Rocket Post Second Straight Quarterly Losses

Sunday, 14 May 2023

Lending

Written by The Mortgage Leader

United Wholesale Mortgage and Rocket Mortgage each posted their second straight quarterly losses in the first quarter of 2023—just the second quarterly losses ever for the rival companies since going public. So reports the Detroit Free Press. Read more...

Mr. Cooper Buy Home Point for $324M

Sunday, 14 May 2023

Lending

Written by The Mortgage Leader

Dallas-based Mr. Cooper Group has agreed to acquire Michigan-based Home Point Capital for $324 million and will take on $500 million of Home Point’s outstanding debt. So reports The Real Deal. Read more...