Lending - The Mortgage Leader

Bodnar of MMG: The Most Important Line of the Week "Until substantial further progress is made" was the most important line of the week for anyone buying or selling loans, according to Bill Bodnar of The Mortgage Market Guide.

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Lending (912)

Bodnar of MMG: Heightened Inflation Fears Fading

Friday, 02 April 2021

Lending

Written by Chris Frankie

Bill Bodnar of the Mortgage Market Guide (MMG) notes that this week we watched long-term yields improve along with stocks hitting all-time highs. The American Jobs Plan was released and time will tell whether it is stimulative to the economy or not. Read more...

Mortgage Rates Rise for Seventh Straight Week

Friday, 02 April 2021

Lending

Written by Chris Frankie

Mortgage rates are on an upward run that has now lasted seven consecutive weeks. So reports Bloomberg. Read more...

Strong Hiring Growth Continues in March as Jobs Gap Persists

Friday, 02 April 2021

Lending

Written by Chris Frankie

A year after the pandemic began to hit the U.S. economy, employers have gone on a hiring spree. So reports Reuters. Read more...

House Prices Continue to Soar But Growth May Be Moderating

Friday, 02 April 2021

Lending

Written by Chris Frankie

U.S. home prices leapt again to start the year, according to a report by the Federal Housing Finance Agency, but monthly gains seem to be slowing. So reports MarketWatch. Read more...

HUD Secretary Says No Plans to Cut FHA Premiums

Friday, 02 April 2021

Lending

Written by Chris Frankie

The Secretary of the Department of Housing and Urban Development, Marcia Fudge, has ruled out (for now) a cut to the Federal Housing Association’s mortgage insurance premiums despite mounting delinquencies. So reports FloridaRealtors. Read more...

Forbearances Down 5% Over Past Month: Black Knight

Saturday, 27 March 2021

Lending

Written by Chris Frankie

Active forbearance plans fell again this week, dropping by another 19,000 (-0.7%) from last Tuesday. In total, this puts the number of active plans down by 135,000 over the last month, a 5% reduction. Read more...

Bodnar of MMG: What Does Continued Volatility Mean for Clients?

Saturday, 27 March 2021

Lending

Written by Chris Frankie

Bill Bodnar of The Mortgage Market Guide (MMG) discussed how volatility continues in the bond market. Read more...

Biden Housing Secretary Seeks $100B Funding Boost

Saturday, 27 March 2021

Lending

Written by Chris Frankie

Marcia Fudge, the Biden administration’s recently confirmed Housing and Urban Development Secretary, has urged lawmakers to top off the department’s budget by as much as $100 billion. So reports Politico. Read more...

Frigid February Cools Off Monthly Home Sales

Saturday, 27 March 2021

Lending

Written by Chris Frankie

During harsh winter weather in February, nationwide sales of single-family homes fell to their lowest in nine months. So reports Reuters. Read more...