Lending

Lending (1218)

Typical Monthly Mortgage Payment Rose 30% in First Quarter

Home buyers may find housing less affordable, as monthly mortgage payments on a median existing single-family home with a 20% down payment rose 30% from a year earlier to $1,383. So reports Realtor Magazine.  Read more...

Fannie Mae Q1 Profit Drops Despite Fewer Delinquencies

Fannie Mae has disclosed a decline in its first-quarter net income even as the government-sponsored housing-finance giant said the rate of serious delinquencies on single-family mortgages kept declining. So reports Dow Jones Newswires. Read more...

Bodnar of MMG: What's Next After a Quiet Week?

"This week was quiet, literally, as there was no Fed speak or jawboning of the markets," says Bill Bodnar of the Mortgage Market Guide (MMG). Read more...

CFPB Dusts Off 'Dormant Authority' to Regulate Nonbanks

The Consumer Financial Protection Bureau has announced that it will leverage a “largely unused” provision of 2010’s Dodd-Frank financial overhaul law to regulate nonbanks that it deems risky. Read more...

FHFA Unveils Underserved Market Plans for GSEs

The Federal Housing Finance Agency has announced its 2022-2024 underserved market plans for government-sponsored enterprises Fannie Mae and Freddie Mac. Read more...

Delinquencies Sank to Record Low in March: Black Knight

Seasonal and wider economic improvements helped drive mortgage delinquencies to all-time low in March, Black Knight’s monthly “first look” at mortgage-performance statistics has found. Read more...

Adjustable-Rate Mortgage Demand Gains Amid Rate Rise

Home buyers have increasingly turned toward adjustable-rate mortgages, which are riskier but offer lower interest rates, as mortgage rates have climbed overall. So reports CNBC. Read more...

Bodnar of MMG: A Silver Lining for Mortgage and Housing Pros

"This week, hawkish Fed rhetoric spooked the bond market again, causing rates to spike," says Bill Bodnar of the Mortgage Market Guide. "However, there's a silver lining for mortgage and housing professionals to follow." Read more...

Mr. Cooper Promotes Finance Deputy to CFO

Mr. Cooper Group has named Jaime Gow as executive vice president and chief financial officer.  Read more...

Banks' Mortgage Volumes Dive as Borrowing Costs Surge

The recent jump in interest rates has hammered demand for mortgage originations, according to bank executives and Mortgage Bankers Association data. So reports Reuters. Read more...

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