Lending

Lending (1218)

Bodnar of MMG: Volatility, Tough Fed Talk and the Bank of England

"This week we experienced high volatility and major price/rates swings in response to high inflation readings, tough Fed talk, Fed Minutes and the Bank of England forced to buy bonds to stabilize their bond market," say Bill Bodnar of the Mortgage Market Guide. Read more...

Mortgage Rates Hit 20-Year High, Near 7%

U.S. long-term mortgage rates have climbed to their highest level since April 2002. So reports Yahoo! Money. Read more...

Adjustable-Rate Mortgages Enjoy a Return to Favor

Demand has shifted toward adjustable-rate mortgages as interest rates have climbed. So reports CNBC. Read more...

Cooling Housing Market Hits Nonbank Lenders Even Harder

While large banks have been laying off staff in response to a weaker mortgage originations outlook, a Fitch Ratings report says that nonbank lenders have been facing even more downbeat options. So reports MarketWatch. Read more...

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...

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