Lending

Lending (1340)

Fannie Mae Now Projects Home Prices Will Fall in 2023

The Fannie Mae Economic and Strategic Research Group’s forecast for U.S. home prices in the coming year has turned negative. Read more...

Cornerstone Home Lending Merges with Roscoe State Bank

Cornerstone Home Lending, one of the biggest U.S. mortgage companies, announced the completion of its merger with the Roscoe State Bank of Roscoe, Texas. Read more...

UWM Unveils Three Tools for Independent Brokers

United Wholesale Mortgage has announced three new tools for independent mortgage brokers, aimed at transparency, control and speed. Read more...

Rocket CFO, General Counsel Retire in Executive Shuffle

Rocket Companies has said that its chief financial officer and general counsel are both retiring as of this fall, to be replaced by internal candidates. So reports the Detroit Free Press. Read more...

Mortgage Rates Slip After Six Straight Weeks of Gains

U.S. long-term mortgage rates have declined for the first time in seven weeks but remain at levels unseen since before the 2008 financial crisis. So reports the Associated Press. Read more...

Bodnar of MMG: Conflicting Labor Market Signals Usher In More Volatility

"This week, conflicting signals on the labor market and central banks around the globe have reignited uncertainty and volatility in the financial markets," says Bill Bodnar of the Mortgage Market Guide. Read more...

RocketPro's Niemiec: UWM Trying to 'Destroy' Broker Model

Austin Niemiec, Executive Vice President at RocketPro TPO, says United Wholesale Mortgage is trying to destroy the broker model it claims to support. He also asserts that UWM is trying to upend the free-market system as it relates to mortgage brokers, eliminating much of the value mortgage brokers bring to their home buying clients.  Read more...

Hurricane Ian Wind, Storm Surge Losses in Florida Expected to Be $28B to $47B: CoreLogic

Wind losses for residential and commercial properties in Florida are expected to be between $22 billion and $32 billion, while insured storm surge losses in the state are expected to be an additional $6 billion to $15 billion, according to an estimate from CoreLogic. Read more...

Mortgage Rates Rise to 15-Year High

U.S. long-term mortgage rates have risen for a six consecutive week, to levels unreached since before the Great Recession. So reports The Guardian. Read more...

Mortgage Demand Drops as Refinances Fall to 22-Year Low

A measure of mortgage demand has continued to sink amid rising interest rates and growing questions about the housing market. So reports CNBC. Read more...

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