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Lending (1520)

Bodnar of MMG: Jobs Report, Fed Meeting, and Rate Hikes

Bodnar of MMG: Jobs Report, Fed Meeting, and Rate Hikes

Friday, 04 November 2022
Lending
Written by
Bill Bodnar of the Mortgage Market Guide (MMG) notes that there is a lot to discuss this week: the Jobs Report, the Fed Meeting, the impact of rate hikes and key technical levels.  Read more...
Mortgage Holders Lose $1.3T in Equity in Q3: Black Knight

Mortgage Holders Lose $1.3T in Equity in Q3: Black Knight

Friday, 04 November 2022
Lending
Written by
After peaking in Q2 of this year, homeowner equity wealth saw record levels of contraction in Q3, according to Black Knight. Read more...
Rocket Faces Triple Whammy with 3Q Results

Rocket Faces Triple Whammy with 3Q Results

Friday, 04 November 2022
Lending
Written by
Dan Gilbert’s Rocket Companies posted third-quarter financial results, and they’re down sharply on three fronts. So reports The Detroit News. Read more...
Mortgage Rates Dip Back Below 7%

Mortgage Rates Dip Back Below 7%

Friday, 04 November 2022
Lending
Written by
After topping 7% for the first time since 2002, U.S. long-term mortgage rates have fallen back below that mark. So reports CNN. Read more...
GO Mortgage Launches Non-QM Single Close Construction Loan

GO Mortgage Launches Non-QM Single Close Construction Loan

Friday, 04 November 2022
Lending
Written by
GO Mortgage, a nationwide, independent mortgage bank licensed in 36 states and the District of Columbia and a subsidiary of GO Companies, said it has launched a non-QM construction loan program designed to provide greater options and a smoother financing experience for self-employed borrowers and real estate investors seeking to build a home. Read more...
Lenders Seek Fresh Income Streams in Rocky Market

Lenders Seek Fresh Income Streams in Rocky Market

Friday, 04 November 2022
Lending
Written by
As rising rates crush mortgage activity, lenders have been turning toward other ways of generating revenue. So reports Yahoo Finance. Read more...
New Rocket Engagement Program Rewards Homebuyers

New Rocket Engagement Program Rewards Homebuyers

Wednesday, 02 November 2022
Lending
Written by
Rocket Companies, which includes Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money, unveiled Rocket Rewards. The new loyalty program allows consumers to accrue points that can be redeemed toward various financial transactions across the Rocket Platform. Read more...
Bodnar of MMG: Interest Rates Backing Down

Bodnar of MMG: Interest Rates Backing Down

Monday, 31 October 2022
Lending
Written by
"The idea that the Central Banks and our Fed will 'step down' the size of rate hikes going forward helped interest rates improve nicely," says Bill Bodnar of the Mortgage Market Guide (MMG).  Read more...
FHFA Scraps G-Fees for Certain Buyers

FHFA Scraps G-Fees for Certain Buyers

Monday, 31 October 2022
Lending
Written by
The Federal Housing Finance Agency said it will end guaranteed fees, or G-fees, for some first-time and low-income homebuyers. So reports FOX Business. Read more...
Mortgage Rates Jump Above 7% for First Time Since 2002

Mortgage Rates Jump Above 7% for First Time Since 2002

Monday, 31 October 2022
Lending
Written by
U.S. long-term mortgage rates have crossed the psychologically important 7% milestone as they continued to climb, reaching their highest level since 2002. So reports the Associated Press. Read more...

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