Lending - The Mortgage Leader

Navigating the Transition: The Shift in Mortgage Lending Rates The mortgage industry is witnessing a significant shift in lending rates, influencing both lenders and borrowers. This article explores the implications of these changes and strategies for adapting to new market conditions.

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Lending (1519)

Mortgage Rates Inch Higher, Still Near Record Low

Sunday, 14 June 2020

Lending

Written by Chris Frankie

Mortgage rates have drifted higher but remain historically low amid conflicting economic data. So reports MoneyWise. Read more...

UK Regulator Fines Lloyds Bank $81M for Mortgage Handling

Friday, 19 June 2020

Lending

Written by Chris Frankie

The UK Financial Conduct Authority has slapped Lloyds Bank with a fine of £64 million ($81 million) for mishandling the mortgages of financially distressed customers. So reports Reuters. Read more...

Mortgage Applications from Buyers Leap 13%

Sunday, 14 June 2020

Lending

Written by Chris Frankie

Mortgage demand has stayed hot even as interest rates have drifted from their all-time lows. So reports CNBC. Read more...

Less Than 1 in 10 Homeowners in Forbearance Hold 10% or Less Equity: Black Knight

Wednesday, 10 June 2020

Lending

Written by Chris Frankie

Forbearance volumes fell between May 26 and June 2, the first time since the crisis began, according to data from Black Knight. As such, the focus of industry participants–especially servicers and mortgage investors–must now shift from pipeline growth to pipeline management and downstream performance of loans in forbearance. That's according to Ben Graboske, President of… Read more...

Government Now Guarantees 98% of New Mortgage Debt

Friday, 12 June 2020

Lending

Written by Chris Frankie

Since the coronavirus hit, the federal government has taken on an even bigger role as a backstop for the $11 trillion housing debt market, according to Barclays. So reports MarketWatch. Read more...

Unemployment Rate Drops, a Positive Surprise for Economy

Tuesday, 09 June 2020

Lending

Written by Chris Frankie

Unexpectedly strong employment figures from the Labor Department have provided another sign that economic conditions have steadied since the coronavirus pandemic forced businesses to close in mid-March. So reports Reuters. Read more...

Freddie Mac Hires CFO as Exit Plan Continues

Thursday, 11 June 2020

Lending

Written by Chris Frankie

Freddie Mac has appointed a new chief financial officer as it and fellow mortgage giant Fannie Mae move toward a planned exit from government conservatorship. So reports Multi-Housing News. Read more...

Mortgage Rates Inch Up From Record Low as Outlook Brightens

Sunday, 07 June 2020

Lending

Written by Chris Frankie

U.S. long-term mortgage rates have edged higher amid hopes that the economic impact from COVID-19 may have bottomed. So reports the Associated Press. Read more...

Bodnar of MMG: A V-shaped Recovery or a Nike Swoosh?

Sunday, 07 June 2020

Lending

Written by Chris Frankie

Bill Bodnar of The Mortgage Market Guide discussed the economic optimism stemming from last week's unexpectedly positive jobs report and what that may mean for the economic recovery. Read more...