Tag Archives: mortgage

Falling mortgage rates should boost home sales: Fannie Mae

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Fannie Mae economists no longer expect a recession and are considerably more optimistic that mortgage rates have additional room to come down below 6 percent. Continue reading →

Purchase loan applications soar 9% following drop in mortgage rates

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Trend could bode well for the spring homebuying season, the Mortgage Bankers Association said Wednesday, but Fed may take its time before cutting rates. Continue reading →

David Stevens, influential leader in mortgage finance, dies at 66

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The former FHA commissioner also held executive positions at World Savings Bank, Freddie Mac, and The Long and Foster Companies before leading the Mortgage Bankers Association. Continue reading →

AI mortgage tech provider Gateless beefs up integrations

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New integrations with The Work Number and Informative Research are aimed at helping lenders speed underwriting approvals and reduce human error. Continue reading →

Navy Federal faces lawsuits over discriminatory lending allegations

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Lawmakers are demanding a federal investigation in the wake of a CNN analysis that concluded the nation’s largest credit union denied more than 50 percent of Black mortgage applicants in 2022. Continue reading →

Jump in key inflation gauge may delay mortgage rate relief

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Futures markets still hold out hope for a March rate cut, even as annual inflation increased to 3.4 percent in December, moving away from the Fed’s 2 percent goal for the first time since September. Continue reading →

Declining mortgage rates bring new-year market thaw: Redfin

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The mortgage lock-in effect that plunged the 2023 housing market into a deep freeze has finally started to thaw, according to a new Redfin market report published on Thursday. Continue reading →

Buyers take rebound in mortgage rates in stride as lenders tighten

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Demand for purchase loans picked up last week as would-be homebuyers took advantage of rates that are still a full percentage point lower than 2023 highs. Continue reading →

MyCUmortgage signed 13 credit unions as new clients in 2023

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With the addition of new partners serving 713,865 members, myCUmortgage says it’s now helping nearly 200 credit unions originate, underwrite and service conventional and government-backed home loans. Continue reading →