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Lending

Lending (1488)

First Federal Completes Purchase of BNC Mortgage Unit

First Federal Completes Purchase of BNC Mortgage Unit

Sunday, 25 June 2023
Lending
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First Federal Bank has closed its acquisition of BNC National Bank’s mortgage unit, including both the assets and the employees. So reports MortgageOrb. Read more...
Bodnar of MMG: What The Fed 'Skip' Means for Mortgage Pros

Bodnar of MMG: What The Fed 'Skip' Means for Mortgage Pros

Monday, 19 June 2023
Lending
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Bill Bodnar of the Mortgage Market Guide (MMG) weighs in on The Fed "skip" and its impact for mortgage professionals. He also provides insight into the technical limitations to rate improvement and the Fed Chair on Capitol Hill. Read more...
Most Homebuyers Don’t Negotiate Rate on Purchase: Survey

Most Homebuyers Don’t Negotiate Rate on Purchase: Survey

Monday, 19 June 2023
Lending
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Only 39% of prospective homebuyers said they negotiated the initial APR or refinance rate for the last home they bought, according to a new survey from LendingTree. So reports DSNews. Read more...
May Rate Locks Rise Slightly But Stay Slow

May Rate Locks Rise Slightly But Stay Slow

Monday, 19 June 2023
Lending
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Average daily rate lock volumes increased by 4% in May from the previous month, according to Black Knight’s latest Mortgage Monitor report. So reports The Capitolist. Read more...
Freddie Mac Adds Financing Option for Native Americans

Freddie Mac Adds Financing Option for Native Americans

Monday, 19 June 2023
Lending
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Freddie Mac has rolled out a new affordable housing program to help Native Americans buy homes. So reports NEXT Mortgage News. Read more...
Ex-UWM Employees Claim Harassment in Lawsuits

Ex-UWM Employees Claim Harassment in Lawsuits

Monday, 19 June 2023
Lending
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Former United Wholesale Mortgage underwriters have filed a pair of lawsuits against the mortgage lender over claims of retaliation, hostile workplace environment, gender/sexual harassment and wage theft. So reports The Mortgage Note. Read more...
RocketPro’s Mike Fawaz on Deepening Broker Relationships, Expanding Purchase Market

RocketPro’s Mike Fawaz on Deepening Broker Relationships, Expanding Purchase Market

Friday, 09 June 2023
Lending
Written by
When a market is contracting and volume is starting to decline what do well-run companies do? Some might take consolation in the fact that, although absolute business is down, their market share is growing and they’re positioning themselves to take advantage of the next upturn. Read more...
Bodnar of MMG: A Shock Out of Canada!

Bodnar of MMG: A Shock Out of Canada!

Friday, 09 June 2023
Lending
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A surprise Canada rate hike was offset by Europe falling into recession and Initial Jobless Claims ticking higher, according to Bill Bodnar of the Mortgage Market Guide (MMG). Read more...
High Rates Keep Many Homebuyers on the Sidelines: Survey

High Rates Keep Many Homebuyers on the Sidelines: Survey

Friday, 09 June 2023
Lending
Written by
The new edition of the BMO Real Financial Progress Index has found that more than 65% of Americans indicate that they are holding off on buying a home until mortgage rates drop. So reports MReport. Read more...
Mortgage Rates Fall After Three-Week Ascent

Mortgage Rates Fall After Three-Week Ascent

Friday, 09 June 2023
Lending
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After three weeks of rising ever closer to 7%, U.S. long-term mortgage rates have pulled back, faced with mixed signals on the economy. So reports CNN. Read more...

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