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Lending (1572)

Mortgage Forbearance Helped Businesses, Homeowners: Fed

Mortgage Forbearance Helped Businesses, Homeowners: Fed

Monday, 24 May 2021
Lending
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The Federal Reserve Bank of New York has released research finding that mortgage forbearance was a boon for small businesses and low-income homeowners. So reports Reuters. Read more...
30-Year Mortgage Rate Edges Back Up to 3%

30-Year Mortgage Rate Edges Back Up to 3%

Monday, 24 May 2021
Lending
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The 30-year fixed-rate mortgage averaged a 3% rate in the week ending May 20, according to Freddie Mac. So reports Bankrate. Read more...
Fannie Mae Cuts Q2 Sales Estimates for Existing Homes

Fannie Mae Cuts Q2 Sales Estimates for Existing Homes

Monday, 24 May 2021
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Fannie Mae has reduced its second-quarter projections for sales of existing homes amid a dearth of listings. So reports Inman. Read more...
HUD Secretary Marcia Fudge Unfurls $5B to House Homeless

HUD Secretary Marcia Fudge Unfurls $5B to House Homeless

Monday, 24 May 2021
Lending
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U.S. Department of Housing and Urban Development Secretary Marcia Fudge announced that her agency will spend $5 billion in American Rescue Plan funding to help shelter the homeless. So reports Cleveland.com. Read more...
Genworth Nixes Mortgage Insurance IPO, Citing 'Volatility'

Genworth Nixes Mortgage Insurance IPO, Citing 'Volatility'

Monday, 24 May 2021
Lending
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Genworth has postponed the planned initial public offering of its mortgage insurance subsidiary, Enact Holdings, according to a press release. Read more...
Bodnar of MMG: Get Ready for More Market Volatility This Summer

Bodnar of MMG: Get Ready for More Market Volatility This Summer

Thursday, 13 May 2021
Lending
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Bill Bodnar of The Mortgage Market Guide (MMG) says interest rates and stocks were recently jostled around by inflation fears. Read more...
FHFA Asks for Input on Short-Term Rental Mortgages

FHFA Asks for Input on Short-Term Rental Mortgages

Thursday, 13 May 2021
Lending
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The Federal Housing Finance Agency has put out a call for input on Fannie Mae and Freddie Mac’s eligibility rules for mortgages in condominiums and other development projects that offer short-term rentals. So reports DS News. Read more...
United Wholesale CEO Says Ultimatum Against Rocket Worked

United Wholesale CEO Says Ultimatum Against Rocket Worked

Thursday, 13 May 2021
Lending
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United Wholesale Mortgage CEO Mat Ishbia has chalked up, as a big win, his contentious tactic that required mortgage brokers to choose between his company and Rocket Companies. So reports the Detroit Free Press. Read more...
April Inflation Report Runs Hotter Than Expected

April Inflation Report Runs Hotter Than Expected

Thursday, 13 May 2021
Lending
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A key measure of inflation was expected to climb last month from a low baseline during the early stages of the pandemic, but consumer prices surged even more than forecast. So reports CNBC. Read more...
Mortgage Lenders Brace for Cooling Demand: WSJ

Mortgage Lenders Brace for Cooling Demand: WSJ

Thursday, 13 May 2021
Lending
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With interest rates expected to rise, mortgage lenders are readying for a drop in demand in the months ahead. So reports The Wall Street Journal. Read more...

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