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Lending (1513)

Wells Fargo Pink-Slips Mortgage Bankers After Luxury Retreat

Wells Fargo Pink-Slips Mortgage Bankers After Luxury Retreat

Friday, 24 February 2023
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Wells Fargo has shed hundreds of mortgage banking employees, including some whose performance it rewarded earlier this year with a company-sponsored conference at a swanky resort location, per sources familiar with the matter. So reports CNBC. Read more...
Bodnar of MMG: Back to Elevated Uncertainty and Volatility

Bodnar of MMG: Back to Elevated Uncertainty and Volatility

Friday, 17 February 2023
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"Home loan rates have ticked up sharply since the Jobs Report two weeks ago," says Bill Bodnar of the Mortgage Market Guide. "We are back to elevated uncertainty and volatility caused by where the peak of inflation will be and how far will the Fed go." Read more...
Mortgage Rates Notch Second Straight Weekly Gain

Mortgage Rates Notch Second Straight Weekly Gain

Friday, 17 February 2023
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U.S. long-term mortgage rates have risen for a second consecutive week after dropping for four straight weeks before that. So reports CNN. Read more...
Builder Confidence Sees Biggest Monthly Gain in 10 Years

Builder Confidence Sees Biggest Monthly Gain in 10 Years

Friday, 17 February 2023
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Homebuilder sentiment has registered its largest monthly increase since June 2013, according to the National Association of Home Builders/Wells Fargo Housing Market Index. So reports CNBC. Read more...
Housing Officials Warn of Widening Affordability Issues

Housing Officials Warn of Widening Affordability Issues

Friday, 17 February 2023
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Concerns about affordable housing were the leading theme in remarks by policymakers from the U.S. Department of Housing and Urban Development, the Federal Housing Finance Agency and Freddie Mac at the MBA CREF 23 Conference and Expo. So reports GlobeSt.com. Read more...
Fannie Mae Fourth-Quarter Profit, Revenue Fall

Fannie Mae Fourth-Quarter Profit, Revenue Fall

Friday, 17 February 2023
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Fannie Mae has posted slumping fourth-quarter financial results. So reports MarketWatch. Read more...
Bodnar of MMG: When Good News is Bad News

Bodnar of MMG: When Good News is Bad News

Friday, 10 February 2023
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Bill Bodnar of the Mortgage Market Guide explains a crazy week where good news is bad news. Bodnar digs into the jobs report and its impact on the bond market. Read more...
CFPB Warns Mortgage Comparison-Shopping Sites

CFPB Warns Mortgage Comparison-Shopping Sites

Friday, 10 February 2023
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The Consumer Financial Protection Bureau has put digital mortgage comparison-shopping platforms on notice about double dealing laws. So reports Financial Regulation News. Read more...
Mortgage Rates Rise, Snapping Four Weeks of Declines

Mortgage Rates Rise, Snapping Four Weeks of Declines

Friday, 10 February 2023
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U.S. long-term mortgage rates have posted a weekly increase after dropping for each of the four previous weeks. So reports CNN. Read more...
Fannie Mae: Buyers' Moods Improve for Third Straight Month

Fannie Mae: Buyers' Moods Improve for Third Straight Month

Friday, 10 February 2023
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The Fannie Mae Home Purchase Sentiment Index rose 0.6 points in January to 61.6, its third consecutive monthly increase. So reports Builder. Read more...

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