Lending

Lending (1340)

Mortgages Drive Sharpest Rise in Household Debt Since 2007

The Federal Reserve has revealed that sharp upticks in mortgage balances and credit card usage helped drive up household debt in the third quarter at the fastest clip in 15 years. So reports CNBC. Read more...

Secured Signing Aims to Position Lenders for Success

In choosing companies to work with, lenders have many considerations. One of the major takeaways from this year’s MBA Annual is that with the ever-increasing cost to do business, paired with low origination volumes, lenders need to make better decisions related to leveraging digital technologies and exploring innovative ways to cut costs while not compromising… Read more...

First-Time Homebuyers Feel Pinch of Higher Mortgage Rates

Soaring borrowing costs in the United States have pushed first-time homebuyers to spend potentially unaffordable amounts on mortgage. So reports Bloomberg. Read more...

Consumer Confidence in Housing Hits Record Low: Fannie Mae

An uncertain economic climate along with upward motion in both interest rates and home prices have darkened Americans’ view of the housing market. So reports CNBC. Read more...

Mortgage Rates Rebound to Higher Than 7%

U.S. long-term mortgage rates have bounced back above the 7% level after a one-week drop. So reports CNN. Read more...

Mortgage Demand Levels Off as Rates Rise Again

With mortgage rates on the rise, consumer demand for mortgages has inched in the opposite direction. So reports CNBC. Read more...

Bodnar of MMG: Enjoy the Rally

A soft Consumer Price Index (CPI) print set off a rally in bonds, rates and stocks for the ages, according to Bill Bodnar of the Mortgage Market Guide (MMG). Read more...

Bodnar of MMG: Jobs Report, Fed Meeting, and Rate Hikes

Bill Bodnar of the Mortgage Market Guide (MMG) notes that there is a lot to discuss this week: the Jobs Report, the Fed Meeting, the impact of rate hikes and key technical levels.  Read more...

Mortgage Holders Lose $1.3T in Equity in Q3: Black Knight

After peaking in Q2 of this year, homeowner equity wealth saw record levels of contraction in Q3, according to Black Knight. Read more...

Rocket Faces Triple Whammy with 3Q Results

Dan Gilbert’s Rocket Companies posted third-quarter financial results, and they’re down sharply on three fronts. So reports The Detroit News. Read more...

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