Tag Archives: mortgage

Strong Fannie, Freddie results set the stage for debate over their future

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Both companies benefited from rising home prices, and a resurgence in refinancings prompted by falling mortgage rates, which have come down from 2021 peaks seen in March. Continue reading →

Renting vs. buying: Here are some points to ponder 

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Given current market conditions, there really are no bargains, so it comes down to what a given individual wants — financially and personally. Here’s what to consider in the buying versus renting debate. Continue reading →

End of forbearance programs could strain loan servicers

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Forbearance programs that allowed homeowners with government-backed mortgages to put their monthly payments on hold during the pandemic will come to an abrupt end in the months ahead, straining the capacity of loan servicers tasked with helping borrowe… Continue reading →

LoanDepot’s ‘Grand Slam’ offer bundles agent, mortgage and title insurance

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LoanDepot and its agent matching subsidiary, mellohome, will offer cash rebates of up to $7,000 on bundled services. Continue reading →

Early investors bail on Doma’s SPAC merger

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Digital title, escrow and closing provider Doma raised less than anticipated in a SPAC merger this week, after paying out nearly $295 million to early investors who redeemed their shares. Continue reading →

Banks offer exposure to mortgage risk — and investors want in

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The new bond products offer higher yields in a low-interest-rate environment. But if the loans go bad, investors are on the hook. Continue reading →

Fed will keep buying $40 billion in mortgages every month

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As Fed’s balance sheet approaches $8 trillion, policymakers say path of the economy continues to depend on the course of the pandemic. Continue reading →

Knock moves into 50th market, launches closing guarantee

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Knock, a real estate technology company that facilitates a buy-now, sell-later financing model called Home Swap, is officially in Chicago, the company announced, in combination with news that it’s now offering a $5,000 on-time closing promise. Continue reading →

Truework speeding up income verification for gig-economy workers

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Truework is rolling out Credentials, a new service that lets workers log into their payroll provider to share verified income and employment data with their mortgage lender or other authorized third parties. Continue reading →