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Lending (1539)

JPMorgan Lays Off Hundreds of Home Lending Pros

JPMorgan Lays Off Hundreds of Home Lending Pros

Saturday, 25 June 2022
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JPMorgan Chase has confirmed that it will lay off hundreds of home lending employees “as a result of cyclical changes in the mortgage market.” So reports Bloomberg. Read more...
Q4 2021 Critical Defect Rate Rose to 1.95%: ACES Report

Q4 2021 Critical Defect Rate Rose to 1.95%: ACES Report

Saturday, 18 June 2022
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ACES Quality Management has released its quarterly ACES Mortgage QC Industry Trends Report covering the fourth quarter (Q4) and full calendar year (CY) of 2021. It analyzes post-closing quality control data. Read more...
Fannie Mae’s Chief: One Encouraging Sign from New Residential Construction Report

Fannie Mae’s Chief: One Encouraging Sign from New Residential Construction Report

Saturday, 18 June 2022
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Doug Duncan, Fannie Mae Chief Economist, says one encouraging sign in the residential construction report from the Census Bureau is the 9.1% jump in completions. That’s its highest rate since 2007. Read more...
Bodnar of MMG: What the Fed's Move Means for Long-term Rates

Bodnar of MMG: What the Fed's Move Means for Long-term Rates

Saturday, 18 June 2022
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The Fed raised the Fed Funds Rate by .75%, the largest such rate hike since 1994. What does it mean for long-term rates? Read more...
Fannie Mae Launches Weekly Refinance Application-Level Index

Fannie Mae Launches Weekly Refinance Application-Level Index

Friday, 17 June 2022
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Fannie Mae has announced its new Refinance Application-Level Index (RALI), a weekly series geared toward tracking refinance activity and historical trends. Read more...
Loan-Modification Scam Spawns $4.5M Consent Order

Loan-Modification Scam Spawns $4.5M Consent Order

Friday, 17 June 2022
Lending
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Florida businesses that allegedly targeted Hispanics in violation of the Fair Housing Act have agreed to pay $4.5 million in a consent order, according to the Department of Justice. So reports the Orlando Sentinel. Read more...
Mortgage Demand Has Fallen By Half Since a Year Ago

Mortgage Demand Has Fallen By Half Since a Year Ago

Friday, 17 June 2022
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With home prices high and rates rising, overall mortgage demand has tumbled by roughly half from the same time a year ago, according to one weekly measure. So reports CNBC. Read more...
Foreclosures Continue Their 'Slow, Steady Climb Back to Normal'

Foreclosures Continue Their 'Slow, Steady Climb Back to Normal'

Thursday, 16 June 2022
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Foreclosure activity has continued ticking back up from its pandemic lows, according to the latest monthly data from ATTOM. So reports Forbes.com. Read more...
Mortgage Rates Rebound to 5.23% Ahead of Fed Meeting

Mortgage Rates Rebound to 5.23% Ahead of Fed Meeting

Sunday, 12 June 2022
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U.S. long-term mortgage rates have bounced higher in the week before the next Federal Reserve meeting. So reports CBS. Read more...
Fannie Mae: 79% of Consumers Say It’s a Bad Time to Buy a Home

Fannie Mae: 79% of Consumers Say It’s a Bad Time to Buy a Home

Sunday, 12 June 2022
Lending
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Fannie Mae’s monthly housing survey has found that the share of U.S. consumers who think it’s a bad time to buy a home has hit a record high of 79%. So reports MarketWatch. Read more...

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