Rising rates took their toll not only on refinancing but on homebuyer demand for purchase loans in June, according to an analysis of rate lock data released Monday by Black Knight. Continue reading
As demand picks up for government loans favored by entry-level buyers, the average purchase mortgage request has shrunk by 10 percent, to $413,500. Continue reading
The ability to retrieve quotes from private mortgage insurers helps borrowers assess their options and streamlines the mortgage insurance process for lenders. Continue reading
First-time homebuyers who rely on government mortgage programs are “increasingly challenged” by rapid increases in home prices and higher mortgage rates. Continue reading
Redwood Trust, which issues jumbo loans that are off limits to Fannie and Freddie, says costlier markets are better served by private lenders. Continue reading
Although the FHA isn’t signalling it’s ready to reduce premiums, it’s looking at ways to expand access to mortgage credit, including downpayment assistance and support for “small-dollar” lending in underserved markets. Continue reading
Government agencies are looking to better quantify risks from climate change, a step with implications for government-backed home loans. Continue reading
Rising mortgage rates have curbed demand for refinancing and purchase loans after inflation worries pushed rates to highest levels since July. Continue reading
FHA and VA loans are essential to first-time buyers, who account for about four out of every five FHA purchase loans. However, in today’s market, sellers are quick to dismiss offers that come with this type of financing. Here’s why. Continue reading
With investors showing renewed confidence, Genworth Financial is ready to move forward with plans to sell part of its mortgage insurance subsidiary in an initial public offering. Continue reading