mortgage – Page 150 – Need Benjamins

Low interest rates drive Freddie Mac new business up 162%

By Kelsey Ramírez | April 29, 2021 - 3:35 pm |April 29, 2021 Uncategorized

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Freddie Mac reported a surge in new business, increasing it’s earnings to $2.8 billion in the first quarter, up from just $200 million last year. Continue reading →

Mortgage rates hold steady below 3%

By Kelsey Ramírez | April 29, 2021 - 2:07 pm |April 29, 2021 Uncategorized

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The 30-year fixed-rate mortgage averaged 2.98 percent, up slightly from last week’s 2.97 percent, according to Freddie Mac’s Primary Mortgage Market Survey. Continue reading →

Fannie, Freddie debut new refi option for low-income families

By Kelsey Ramírez | April 28, 2021 - 9:58 pm |April 28, 2021 Uncategorized

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The FHFA announced that Fannie Mae and Freddie Mac will begin offering a new refinance product this summer for low-income homeowners. Continue reading →

AI-powered mortgage processing: 27 options besides Google

By Matt Carter | April 28, 2021 - 9:36 pm |April 28, 2021 Uncategorized

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Google Cloud may be making waves in the world of intelligent document processing with the rollout of a purpose-built solution for the mortgage industry, Lending DocAI, but there are at least 27 technology vendors competing in the space. Continue reading →

Low credit scores are biggest barrier for women, minority buyers

By Marian McPherson | April 28, 2021 - 8:24 pm |April 28, 2021 Uncategorized

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OJO Labs’ latest homebuyer survey found that Black homebuyers were three times more likely to have a credit score below 660, which inhibits access to down payment assistance programs and agent support. Continue reading →

Fed maintains commitment to not raising interest rates

By Matt Carter | April 28, 2021 - 8:06 pm |April 28, 2021 Uncategorized

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The Federal Reserve restated its intent to keeping a lid on interest rates, saying the pandemic “continues to weigh on the economy, and risks to the economic outlook remain.” Continue reading →

Servicer Mr. Cooper investigated for unauthorized withdrawals

By Kelsey Ramírez | April 28, 2021 - 7:51 pm |April 28, 2021 Uncategorized

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Mr. Cooper announced that many of its consumers had unauthorized withdraws, now the Consumer Financial Protection Bureau is looking into the matter and the adverse effects it may have. Continue reading →

Housing market slows despite record low interest rates

By Kelsey Ramírez | April 28, 2021 - 3:56 pm |April 28, 2021 Uncategorized

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The housing market continued to slow this week even as interest rates remain below 3 percent. MBA Economist Joel Kan explains why. Continue reading →

CFPB officially delays new QM rule well into next year

By Kelsey Ramírez | April 28, 2021 - 3:16 pm |April 28, 2021 Uncategorized

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The CFPB announced that despite concerns from the housing industry, it is postponing compliance with its new QM rule until Oct. 1, 2022. Continue reading →

Lawsuit accuses United Wholesale Mortgage of antitrust violations

By Matt Carter | April 28, 2021 - 2:27 pm |April 28, 2021 Uncategorized

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A Florida mortgage broker alleges UWM is violating the law by refusing to do business with brokers who send loan applications to Rocket Mortgage or Fairway Independent Mortgage. Continue reading →

Tag Archives: mortgage

Low interest rates drive Freddie Mac new business up 162%

Mortgage rates hold steady below 3%

Fannie, Freddie debut new refi option for low-income families

AI-powered mortgage processing: 27 options besides Google

Low credit scores are biggest barrier for women, minority buyers

Fed maintains commitment to not raising interest rates

Servicer Mr. Cooper investigated for unauthorized withdrawals

Housing market slows despite record low interest rates

CFPB officially delays new QM rule well into next year

Lawsuit accuses United Wholesale Mortgage of antitrust violations

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