Lending

Lending (1218)

Wells Fargo Lays Off 36 More Workers Amid Mortgage Slowdown

Wells Fargo has revealed another round of job cuts in its Des Moines, Iowa, offices, where its flagging home mortgage division is based. So report the Des Moines Register and KCCI. Read more...

Fannie Mae Hires JPMorgan Alum Priscilla Almodovar as CEO

Fannie Mae has named Priscilla Almodovar, a former managing director at JPMorgan, as its new CEO. So reports Affordable Housing Finance. Read more...

Bodnar of MMG: What Does Bond Yields' Big Dip Mean Going Forward?

"This week, we witnessed the largest one-day decline in bond yields in 14 years," says Bill Bodnar of the Mortgage Market Guide (MMG). "What does this mean going forward?" Read more...

Mortgage Delinquencies Near Record Low, Foreclosure Starts Jump

Black Knight says new data indicates that mortgage delinquencies hit a near record low in August, while foreclosure starts rose by 15% from July. However, they’re still more than 40% below pre-pandemic levels. Read more...

Fed Says It Won’t Sell Mortgage-Backed Securities Just Yet

Federal Reserve chairman Jerome Powell said that selling the central bank’s $2.7 trillion in mortgage bond holdings is “not something we are considering right now.” So reports Bloomberg. Read more...

CFPB Eyes Making COVID-era Mortgage Protections Permanent

The Consumer Financial Protection Bureau has asked for public input as it considers whether to potentially bring back pandemic-era automatic refinancing and forbearance measures for the long haul. So reports Bloomberg. Read more...

Mortgage Rates Rise for Fifth Straight Week to Highest Since 2008

U.S. long-term mortgage rates have increased for five consecutive weeks as the Federal Reserve signals further aggressive monetary tightening. So reports CNN. Read more...

Guaranteed Rate, CrossCountry Target Hispanic Borrowers

Guaranteed Rate and CrossCountry Mortgage have each separately announced initiatives aimed at Hispanic homebuyers. Read more...

Bodnar of MMG: Up, Up, Up

This week, the Fed raised rates, reminded us they can't forecast very well and they want rates higher for longer. Read more...

Rocket Launches 'Inflation Buster' Program

Rocket Mortgage has introduced its “Inflation Buster” program, which helps homebuyers reduce their monthly mortgage payment by one percentage point for the first year of their loan. Read more...

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