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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Lending (1437)

Setpoint Snaps Up Resolute Diligence Solutions

Setpoint Snaps Up Resolute Diligence Solutions

Friday, 26 May 2023
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Real-estate funding platform Setpoint has acquired due-diligence provider Resolute Diligence Solutions. So reports FinTech Futures. Read more...
Fannie Mae, Freddie Mac Put on Negative Watch by Fitch

Fannie Mae, Freddie Mac Put on Negative Watch by Fitch

Friday, 26 May 2023
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Fannie Mae and Freddie Mac have been put on notice of a potential credit rating downgrade after Fitch placed them on negative watch amid debt-ceiling negotiations. So reports Reuters. Read more...
Rocket Launches 1% Down Home Loan Program

Rocket Launches 1% Down Home Loan Program

Friday, 26 May 2023
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Rocket Mortgage has rolled out a new 1% down home loan program called ONE+. So reports RISMedia. Read more...
Mortgage Rates Rise to 10-Week High of 6.57%

Mortgage Rates Rise to 10-Week High of 6.57%

Friday, 26 May 2023
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U.S. long-term mortgage rates have climbed to their highest level since mid-March. So reports ABC News. Read more...
Sagent, American Savings Bank Add Seven Years to Partnership

Sagent, American Savings Bank Add Seven Years to Partnership

Monday, 22 May 2023
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Sagent has announced a seven-year extension of its partnership with American Savings Bank. So reports MortgageOrb. Read more...
Mortgage Rates Rebound Slightly Amid Economic Crosscurrents

Mortgage Rates Rebound Slightly Amid Economic Crosscurrents

Monday, 22 May 2023
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U.S. long-term mortgage rates have recovered modestly in the face of cooling inflation and uncertainty around debt-ceiling negotiations. So reports CNN. Read more...
Fannie Mae Responds to April Housing Starts Increase

Fannie Mae Responds to April Housing Starts Increase

Monday, 22 May 2023
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Fannie Mae chief economist Doug Duncan has delivered a cautiously optimistic response to Census Bureau data showing that single-family housing starts rose 1.6% month over month in April to an annualized rate of 846,000 units. So reports Builder. Read more...
IMBs Averaged $1,972 Loss Per Loan in First Quarter of 2023

IMBs Averaged $1,972 Loss Per Loan in First Quarter of 2023

Monday, 22 May 2023
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The Mortgage Bankers Association has shared new data showing that independent mortgage banks and mortgage subsidiaries of chartered banks lost an average of $1,972 on each loan originated in the first quarter of the year. So reports The Hill. Read more...
Bodnar of MMG: 3 Big Market-moving News Events

Bodnar of MMG: 3 Big Market-moving News Events

Monday, 22 May 2023
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Bill Bodnar of the Mortgage Market Guide shares his thoughts on three big news events midday Friday that moved the markets as we head into the coming week. Read more...
UWM, Rocket Post Second Straight Quarterly Losses

UWM, Rocket Post Second Straight Quarterly Losses

Sunday, 14 May 2023
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United Wholesale Mortgage and Rocket Mortgage each posted their second straight quarterly losses in the first quarter of 2023—just the second quarterly losses ever for the rival companies since going public. So reports the Detroit Free Press. Read more...

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