VA Pauses Foreclosures for 6 Months The Department of Veterans Affairs has called a moratorium on foreclosures for veterans and servicemembers with VA-guaranteed loans until May 31, 2024. So reports NPR.
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Ishbia Pledged Most of UWM’s Outstanding Shares to Buy Suns

Ishbia Pledged Most of UWM’s Outstanding Shares to Buy Suns

Monday, 04 September 2023
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Mat Ishbia, chairman and CEO of UWM Holdings Corp., promised more than half of the mortgage giant’s outstanding shares to secure two loans before his record $4 billion purchase of the NBA’s Phoenix Suns. So reports Bloomberg. Read more...
Mortgage Credit Availability Falls to 10-Year Low

Mortgage Credit Availability Falls to 10-Year Low

Saturday, 19 August 2023
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Potential homebuyers have seen available credit for mortgages decline to the lowest level in 10 years. So reports CNN. Read more...
UWM, Rocket Return to Profitability in 2Q

UWM, Rocket Return to Profitability in 2Q

Saturday, 19 August 2023
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United Wholesale Mortgage and rival Rocket Companies have each announced a swing back to the black in the second quarter of 2023 after two consecutive quarterly losses. So reports The Real Deal. Read more...
IMB Losses Narrow to $534 Per Loan in 2Q

IMB Losses Narrow to $534 Per Loan in 2Q

Saturday, 19 August 2023
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Independent mortgage banks have continued to lose money in recent months, but less than they were shedding at the start of 2023. So reports DSNews. Read more...
Mortgage Rates Climb to Highest in More Than 20 Years

Mortgage Rates Climb to Highest in More Than 20 Years

Saturday, 19 August 2023
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U.S. long-term mortgage rates have surged to their highest level in more than two decades as the Federal Reserve weighs whether to continue raising interest rates. So reports ABC News. Read more...
Homeowners with Rates Over 5% More Likely to Sell: Zillow

Homeowners with Rates Over 5% More Likely to Sell: Zillow

Sunday, 06 August 2023
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The share of homeowners with rates above 5% who plan to sell is approximately double the share of homeowners with rates below 5%, according to Zillow research. So reports NEXT Mortgage News. Read more...
Mortgage Rates Rise Amid Upbeat Data, Credit Downgrade

Mortgage Rates Rise Amid Upbeat Data, Credit Downgrade

Sunday, 06 August 2023
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U.S. long-term mortgage rates have risen toward the 5% mark following positive economic readings and Fitch Ratings’ downgrade of the U.S. government’s debt rating. So reports Dow Jones. Read more...
Guaranteed Rate Launches 1% Down Payment Program

Guaranteed Rate Launches 1% Down Payment Program

Sunday, 06 August 2023
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Guaranteed Rate has announced a new mortgage loan program offering a 1% down payment option. So reports RISMEdia. Read more...
Rocket Cos. Names Varun Krishna as CEO

Rocket Cos. Names Varun Krishna as CEO

Sunday, 06 August 2023
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Rocket Companies has appointed Varun Krishna as its new permanent CEO. So reports the Detroit Free Press. Read more...
Bodnar of MMG: A Lot Of Buying Momentum in Bonds

Bodnar of MMG: A Lot Of Buying Momentum in Bonds

Sunday, 06 August 2023
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"This week, we look at the 10-year note yield chart and watched yields right from an important yield resistance level on the heels of a softer than expected Jobs Report," says Bill Bodnar of the Mortgage Market Guide (MMG). Read more...

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