Does $1M Conforming Limit Help or Harm Affordability? The housing industry has been debating whether a recent move by the Federal Housing Finance Agency to raise the top conforming loan limit to more than $1 million will help make homes more affordable for buyers. So reports CNN.
Lending

Lending (1219)

FHFA Director Sandra Thompson Confirmed by Senate

The Senate has confirmed Sandra Thompson as director of the Federal Housing Finance Agency, by a tight 49-46 margin. So reports MReport. Read more...

Bodnar of MMG: A Couple of Good Signs

"Rates may have peaked as we enter the unofficial beginning of Summer," says Bill Bodnar of the Mortgage Market Guide. "Next week is the Jobs Report." Read more...

Bodnar of MMG: The Dreaded 'Recession' Word

Talk of a dreaded recession has taken center stage, says Bill Bodnar of the Mortgage Market Guide. Read more...

CFPB Warns 'Lagging' Mortgage Servicers

The Consumer Financial Protection Bureau has called out mortgage servicers that it sees as poorly performing compared to their industry peers. Read more...

Mortgage Rates Slip But Stay Solidly Above 5%

Long-term mortgage rates fell slightly in the most recent weekly data but remained significantly higher than a year ago. So reports CNN. Read more...

Monthly Delinquencies Hit Second Straight Low in April

The national delinquency rate hit a record low for a second consecutive month in April, the latest mortgage performance data from Black Knight shows. Read more...

Bodnar of MMG: A Bond Market Trend That Remains Our Friend... for Now

Mortgage Market Guide's system is to track the macroeconomy (fundamentals) and the technicals (charts). "On the technical side, there is a 40+ year trend in the bond market that remains our friend - for now," says Bill Bodnar of MMG. Read more...

United Wholesale Mortgage Turns $435M Profit in Q1

United Wholesale Mortgage has posted net income of $453 million for the first quarter, down from $860 million during the same period last year. So reports the Detroit Free Press. Read more...

Rocket Mortgage Manages $1B Q1 Profit as Rates Rise

Rocket Mortgage has announced net income of $1 billion in the first quarter, a time of soaring interest rates and other challenges for the mortgage industry. So reports The Detroit News. Read more...

Demand for Adjustable Rate Mortgages Hits 14-Year High

With mortgage rates and home prices climbing, a measure of demand for adjustable rate mortgages has surged to its highest level in 14 years. So reports CNBC. Read more...

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