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Lending (1534)

Rocket, UWM Cut Jobs After First Losses Since Going Public

Rocket, UWM Cut Jobs After First Losses Since Going Public

Saturday, 04 March 2023
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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

Fannie Mae Adds Fuel to Appraisal Modernization’s Fire

Saturday, 04 March 2023
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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

Mortgage Rates Hit Three-Month High

Saturday, 04 March 2023
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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'

Bodnar of MMG: Inflation Number 'Sucked'

Friday, 24 February 2023
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"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

FHA Cuts Mortgage Insurance Premiums by 30 Basis Points

Friday, 24 February 2023
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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...
Mortgage Rates Rise for Third Straight Week

Mortgage Rates Rise for Third Straight Week

Friday, 24 February 2023
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Long-term U.S. mortgage rates have gone up for a third consecutive week amid inflation worries. So reports CNN. Read more...
Mutual of Omaha Mortgage Acquires Keller Mortgage

Mutual of Omaha Mortgage Acquires Keller Mortgage

Friday, 24 February 2023
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Mutual of Omaha Mortgage has acquired the assets of Keller Mortgage for an undisclosed amount. So reports RISMedia. Read more...
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
Lending
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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...

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