Lending

Lending (939)

Forbearances Down 53K, All Eyes On Sept. Expirations: Black Knight

The final week of August brought a 53,000 decline in the number of active forbearance plans, driven by a 23,000 reduction in plans among FHA/VA loans, according to new data from Black Knight. Plan volumes also improved among both GSE (-20,000) and portfolio/PLS (-10,000) loans from the week prior. Read more...

Mortgage Demand Eases As Refinancing Activity Slows

Mortgage applications have fallen by 2.4% in one week, according to the latest data from the Mortgage Bankers Association. So reports Reuters. Read more...

Mortgage Rates Won’t Budge, Wrap Steadiest Month of 2021

Mortgage rates finished their most stable month of the year as August came to a close. According to Freddie Mac, the 30-year, fixed-rate mortgage averaged 2.87% for the week ending Sept. 2. So reports Inman. Read more...

Rocket Leverages Mortgage Biz With Push Into Car Sales

As Rocket Auto, part of billionaire Dan Gilbert’s Rocket Companies, announced the launch of a new online vehicle marketplace, the press release emphasized the boost the new venture would get from the organization’s massive mortgage business. So reports The Detroit News. Read more...

UWM Plans to Accept Mortgage Payments in Bitcoin

United Wholesale Mortgage has said that it intends to begin accepting cryptocurrency, such as bitcoin, for mortgage payments later this year. So reports CNBC. Read more...

Bodnar of MMG: A Tug of War in the Financial Markets

Bill Bodnar of The Mortgage Market Guide discusses the Tug of War at play in the financial markets. Read more...

FHFA Proposes Affordability Goals for Fannie Mae, Freddie Mac

The Federal Housing Finance Agency has proposed new goals on affordable housing for the government-sponsored enterprises for 2022 to 2024. So reports GlobeSt.com. Read more...

Mortgage Rates Drift After Rebounding to Highest Since July

Mortgage rates have held steady as markets digested the spread of the Delta variant and signals from the Federal Reserve about economic stimulus. So reports MarketWatch. Read more...

Podcast: Why Social Media Still Matters in the Mortgage Industry

As live events return, staying active on social media remains an important way to improve relationships in the mortgage industry. So says Dalila Ramos, VP of Diversity & Growth at EPM, on the Fintech Hunting podcast. Read more...

71K Decline in Forbearance Plans to Start the Month: Black Knight

The number of active forbearance plans fell by 71,000 the first week of August, continuing the trend of strong early month declines in forbearance volumes. Read more...

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