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Lending (1495)

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
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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...
Rate Locks Drop During Prime Homebuying Season: Black Knight

Rate Locks Drop During Prime Homebuying Season: Black Knight

Friday, 09 June 2023
Lending
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Declines in purchase rate lock volumes have continued into what ought to have been the core of the spring homebuying season, according to Black Knight’s latest Mortgage Monitor Report. So reports MortgageOrb. Read more...
Cash Is King for Home Offers Like No Time Since 2014: Redfin

Cash Is King for Home Offers Like No Time Since 2014: Redfin

Friday, 09 June 2023
Lending
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A new study by Redfin has found that an estimated 33.4% of U.S. home purchases in April were conducted in cash, the biggest share since 2014. So reports DSNews. Read more...
Bodnar of MMG: Concerns Underneath the Hood of the Jobs Report

Bodnar of MMG: Concerns Underneath the Hood of the Jobs Report

Sunday, 04 June 2023
Lending
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Bill Bodnar of the Mortgage Market Guide discusses the jobs report's strong headline numbers, but also reasons for concern. Read more...
Mortgage Rates Surge to Six-Month High on “Buoyant” Economy

Mortgage Rates Surge to Six-Month High on “Buoyant” Economy

Sunday, 04 June 2023
Lending
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U.S. long-term mortgage rates have climbed to their highest level in six months amid what Freddie Mac’s chief economist called a “buoyant” economy. So reports Dow Jones. Read more...
FHA Proposes Mortgage Payment Cuts to Offset Higher Rates

FHA Proposes Mortgage Payment Cuts to Offset Higher Rates

Sunday, 04 June 2023
Lending
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The Federal Housing Administration has asked for public comment on a new proposal for an option for mortgage servicers to lower borrowers’ monthly payments for as long as five years. So reports DSNews. Read more...
Shopping Around Could Save Borrowers $100 Per Month: CFPB

Shopping Around Could Save Borrowers $100 Per Month: CFPB

Sunday, 04 June 2023
Lending
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A study by the Consumer Financial Protection Bureau has found that loan shopping could save borrowers $100 or more each month. So reports NEXT Mortgage News. Read more...
UBS Plans to Shutter Business in U.S. Mortgage-Trading Unit

UBS Plans to Shutter Business in U.S. Mortgage-Trading Unit

Sunday, 04 June 2023
Lending
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UBS has been preparing to close the “to-be-announced” trading business, which involves forward sales of mortgage-backed securities, within its U.S. mortgage unit. So reports Bloomberg. Read more...

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