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Lending (1393)

UWM, Rocket Return to Profitability in 2Q

UWM, Rocket Return to Profitability in 2Q

Saturday, 19 August 2023
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United Wholesale Mortgage and rival Rocket Companies have each announced a swing back to the black in the second quarter of 2023 after two consecutive quarterly losses. So reports The Real Deal. Read more...
IMB Losses Narrow to $534 Per Loan in 2Q

IMB Losses Narrow to $534 Per Loan in 2Q

Saturday, 19 August 2023
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Independent mortgage banks have continued to lose money in recent months, but less than they were shedding at the start of 2023. So reports DSNews. Read more...
Mortgage Rates Climb to Highest in More Than 20 Years

Mortgage Rates Climb to Highest in More Than 20 Years

Saturday, 19 August 2023
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U.S. long-term mortgage rates have surged to their highest level in more than two decades as the Federal Reserve weighs whether to continue raising interest rates. So reports ABC News. Read more...
Homeowners with Rates Over 5% More Likely to Sell: Zillow

Homeowners with Rates Over 5% More Likely to Sell: Zillow

Sunday, 06 August 2023
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The share of homeowners with rates above 5% who plan to sell is approximately double the share of homeowners with rates below 5%, according to Zillow research. So reports NEXT Mortgage News. Read more...
Mortgage Rates Rise Amid Upbeat Data, Credit Downgrade

Mortgage Rates Rise Amid Upbeat Data, Credit Downgrade

Sunday, 06 August 2023
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U.S. long-term mortgage rates have risen toward the 5% mark following positive economic readings and Fitch Ratings’ downgrade of the U.S. government’s debt rating. So reports Dow Jones. Read more...
Guaranteed Rate Launches 1% Down Payment Program

Guaranteed Rate Launches 1% Down Payment Program

Sunday, 06 August 2023
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Guaranteed Rate has announced a new mortgage loan program offering a 1% down payment option. So reports RISMEdia. Read more...
Rocket Cos. Names Varun Krishna as CEO

Rocket Cos. Names Varun Krishna as CEO

Sunday, 06 August 2023
Lending
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Rocket Companies has appointed Varun Krishna as its new permanent CEO. So reports the Detroit Free Press. Read more...
Bodnar of MMG: A Lot Of Buying Momentum in Bonds

Bodnar of MMG: A Lot Of Buying Momentum in Bonds

Sunday, 06 August 2023
Lending
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"This week, we look at the 10-year note yield chart and watched yields right from an important yield resistance level on the heels of a softer than expected Jobs Report," says Bill Bodnar of the Mortgage Market Guide (MMG). Read more...
Bodnar of MMG: The Calm Before the Storm

Bodnar of MMG: The Calm Before the Storm

Sunday, 23 July 2023
Lending
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Bill Bodnar of the Mortgage Market Guide says this past week is the calm before the storm. Read more...
Fannie Mae Maintains Forecast of Mild Recession

Fannie Mae Maintains Forecast of Mild Recession

Sunday, 23 July 2023
Lending
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Fannie Mae’s Economic and Strategic Research Group has noticed the resiliency of the U.S. economy, but isn’t backing away from its recession projections just yet. So reports NEXT Mortgage News. Read more...

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