Lending - The Mortgage Leader

Prepayments Rebound from All-Time Low: Black Knight Prepayment activity (SMM) inched up to 0.35%, breaking a four-month streak of record lows, with relief likely to extend as the spring homebuying season takes hold, according to Black Knight.

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Lending (1295)

Mortgage Rates Rise for Fifth Week, Near 7%

Saturday, 11 March 2023

Lending

Written by The Mortgage Leader

U.S. long-term mortgage rates have posted a fifth consecutive weekly increase, to their highest point since topping 7% last fall. So reports the Associated Press. Read more...

Bodnar of MMG: Today Was a Good Day

Saturday, 11 March 2023

Lending

Written by The Mortgage Leader

"The Jobs Report was bond friendly," says Bill Bodnar of the Mortgage Market Guide. "The unemployment rate was higher than expected and wages were lower than expected. Yields are falling hard heading into the next big headline risk event, Tuesday's CPI report." Read more...

Bodnar of MMG: Inflation Continuing to Unnerve Global Markets

Saturday, 04 March 2023

Lending

Written by The Mortgage Leader

Inflation here and abroad has unnerved the financial markets, according to Bill Bodnar of the Mortgage Market Guide. Read more...

Supreme Court Takes Case Threatening CFPB’s Existence

Saturday, 04 March 2023

Lending

Written by The Mortgage Leader

The Supreme Court has agreed to hear a case that could endanger the existence of the Consumer Financial Protection Bureau, the Federal Reserve and other federal agencies. So reports DSNews. Read more...

Rocket, UWM Cut Jobs After First Losses Since Going Public

Saturday, 04 March 2023

Lending

Written by The Mortgage Leader

Rocket Companies and United Wholesale Mortgage have revealed thousands of job cuts shortly after each posted its first quarterly loss as a public company. So reports the Detroit Free Press. Read more...

Fannie Mae Adds Fuel to Appraisal Modernization’s Fire

Saturday, 04 March 2023

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Written by The Mortgage Leader

Fannie Mae has provided details about its ongoing effort to modernize property valuation, with appraisals no longer necessarily the default option. So reports Mortgage Orb. Read more...

Mortgage Rates Hit Three-Month High

Saturday, 04 March 2023

Lending

Written by The Mortgage Leader

U.S. weekly long-term mortgage rates have risen for a fourth straight week, reaching their highest point in three months. So reports the Associated Press. Read more...

Bodnar of MMG: Inflation Number 'Sucked'

Friday, 24 February 2023

Lending

Written by The Mortgage Leader

"You can't sugarcoat it. That inflation number--it sucked," observes Bill Bodnar of the Mortgage Market Guide. "It was unnerving... the markets really got banged around." Read more...

FHA Cuts Mortgage Insurance Premiums by 30 Basis Points

Friday, 24 February 2023

Lending

Written by The Mortgage Leader

The Biden administration announced that the Federal Housing Administration will reduce the annual mortgage insurance premium it charges by 30 basis points. So reports NBC News. Read more...