Lending

Lending (1146)

CFPB Warns 'Lagging' Mortgage Servicers

The Consumer Financial Protection Bureau has called out mortgage servicers that it sees as poorly performing compared to their industry peers. Read more...

Mortgage Rates Slip But Stay Solidly Above 5%

Long-term mortgage rates fell slightly in the most recent weekly data but remained significantly higher than a year ago. So reports CNN. Read more...

Monthly Delinquencies Hit Second Straight Low in April

The national delinquency rate hit a record low for a second consecutive month in April, the latest mortgage performance data from Black Knight shows. Read more...

Bodnar of MMG: A Bond Market Trend That Remains Our Friend... for Now

Mortgage Market Guide's system is to track the macroeconomy (fundamentals) and the technicals (charts). "On the technical side, there is a 40+ year trend in the bond market that remains our friend - for now," says Bill Bodnar of MMG. Read more...

United Wholesale Mortgage Turns $435M Profit in Q1

United Wholesale Mortgage has posted net income of $453 million for the first quarter, down from $860 million during the same period last year. So reports the Detroit Free Press. Read more...

Rocket Mortgage Manages $1B Q1 Profit as Rates Rise

Rocket Mortgage has announced net income of $1 billion in the first quarter, a time of soaring interest rates and other challenges for the mortgage industry. So reports The Detroit News. Read more...

Demand for Adjustable Rate Mortgages Hits 14-Year High

With mortgage rates and home prices climbing, a measure of demand for adjustable rate mortgages has surged to its highest level in 14 years. So reports CNBC. Read more...

Home Purchase Sentiment Falls to Lowest Since May 2020

Consumers have indicated that they are feeling their most downbeat about buying a home since early in the COVID-19 pandemic. That’s according to Fannie Mae’s Home Purchase Sentiment Index. Read more...

Bodnar of MMG: The Trend Is Still Not Our Friend

"Bond prices continue to slide lower on more of the same: uncertainty and volatility about inflation and what the Fed will do about it," says Bill Bodnar of the Mortgage Market Guide. The upcoming week "brings more headline risk. We talk about the likely next stop for interest rates with the 10-yr closing above 3.00%." Read more...

ICE to Buy Black Knight for $13.1B

Intercontinental Exchange Inc. (ICE), owner of the New York Stock Exchange, said it is buying Black Knight Inc. in a deal valued at $13.1B. Read more...

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