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 Tick Higher But Stay Far Below a Year Ago

Thursday, 27 February 2020

Lending

Written by Chris Frankie

Mortgage rates edged upward for a second consecutive week, according to Freddie Mac data. But, as the Associated Press reports, rates are still historically low, juicing home sales. Read more...

White House Proposes Slashing GSEs’ Affordability Programs

Sunday, 16 February 2020

Lending

Written by Chris Frankie

The Trump administration’s proposed budget would eliminate the money that goes to Fannie Mae and Freddie Mac for two affordable housing programs. So reports MarketWatch. Read more...

Gen Z, Now Buying Homes, Could Reshape the Market

Thursday, 20 February 2020

Lending

Written by Chris Frankie

So-called Generation Z, the age cohort born between 1995 and 2010, has already started purchasing homes, and the characteristics of this market segment could have big implications for the industry. So writes Caliber Home Loans CEO Saniv Das for MarketWatch. Read more...

First American Financial to Buy Docutech for $350M

Tuesday, 18 February 2020

Lending

Written by Chris Frankie

First American Financial has announced a deal to acquire Docutech, a provider of document, eClose and fulfillment technology for the mortgage industry, for $350 million in cash. Read more...

Refinances Hit 7-year High As Mortgage Rates Stay Down

Wednesday, 19 February 2020

Lending

Written by Chris Frankie

Mortgage rates have edged higher but remain near historic lows, driving a surge in refinancing activity. So reports CNBC. Read more...

Ex-Mortgage Employees Get Prison for Fraud

Friday, 21 February 2020

Lending

Written by Chris Frankie

Two former employees of a California mortgage and real estate company have received federal prison sentences for a mortgage scam going back 15 years. So reports the local Vacaville Reporter. Read more...

Why Today’s Housing Market May Be a Recession Buster: First American

Friday, 14 February 2020

Lending

Written by Chris Frankie

In the third quarter of 2019, the United States reached its longest economic expansion in history, which caused some people to wonder whether we were overdue for a correction. Additionally, global uncertainty resulted in a flight to safety of U.S. Treasury bonds, prompting the dreaded inversion of the yield curve. Read more...

11.3M Have Refi Incentive, $3B in Monthly Savings on the Table: Black Knight

Thursday, 13 February 2020

Lending

Written by Chris Frankie

The Freddie Mac 30-year average came in at 3.45% last week, the lowest level in almost 3.5 years and just 14 BPS above all-time lows. Read more...

CFPB Head Refuses to Say Whether Agency Is Needed

Wednesday, 12 February 2020

Lending

Written by Chris Frankie

House Democrats rebuked Kathy Kraninger, the head of the Consumer Financial Protection Bureau, during a committee hearing in which she declined to say whether the agency should exist. Republicans, meanwhile, applauded her gentler regulatory approach. So reports Roll Call. Read more...