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United Wholesale Mortgage Turns $435M Profit in Q1

United Wholesale Mortgage Turns $435M Profit in Q1

Monday, 16 May 2022
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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 Manages $1B Q1 Profit as Rates Rise

Monday, 16 May 2022
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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

Demand for Adjustable Rate Mortgages Hits 14-Year High

Monday, 16 May 2022
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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

Home Purchase Sentiment Falls to Lowest Since May 2020

Monday, 16 May 2022
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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

Bodnar of MMG: The Trend Is Still Not Our Friend

Friday, 06 May 2022
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"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

ICE to Buy Black Knight for $13.1B

Wednesday, 04 May 2022
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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...
Mortgage Demand Rose for the First Week Since Early March

Mortgage Demand Rose for the First Week Since Early March

Wednesday, 04 May 2022
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Weekly mortgage demand has increased for the first time since early March, although it’s likely just a blip. So reports CNBC. Read more...
Mr. Cooper Lays Off Workers as Mortgage Volume Slows

Mr. Cooper Lays Off Workers as Mortgage Volume Slows

Wednesday, 04 May 2022
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Mr. Cooper Group is laying off staff, vice chairman and president Chris Marshall has revealed in a conference call with analysts. So reports The Motley Fool. Read more...
Typical Monthly Mortgage Payment Rose 30% in First Quarter

Typical Monthly Mortgage Payment Rose 30% in First Quarter

Wednesday, 04 May 2022
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Home buyers may find housing less affordable, as monthly mortgage payments on a median existing single-family home with a 20% down payment rose 30% from a year earlier to $1,383. So reports Realtor Magazine.  Read more...
Fannie Mae Q1 Profit Drops Despite Fewer Delinquencies

Fannie Mae Q1 Profit Drops Despite Fewer Delinquencies

Wednesday, 04 May 2022
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Fannie Mae has disclosed a decline in its first-quarter net income even as the government-sponsored housing-finance giant said the rate of serious delinquencies on single-family mortgages kept declining. So reports Dow Jones Newswires. Read more...

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