Tag Archives: mortgage

TransUnion knocks plan to let lenders use 2 credit reports

By | | Uncategorized
Comments Off on TransUnion knocks plan to let lenders use 2 credit reports

The plan to move to a bi-merge process allowing lenders to use two, instead of three, credit reports was announced last October by Fannie and Freddie’s federal regulator. Continue reading →

Housing groups including NAR float wonky idea to cut mortgage rates

By | | Uncategorized
Comments Off on Housing groups including NAR float wonky idea to cut mortgage rates

NAR united with lending groups on Thursday to urge the Federal Reserve to maintain its current mortgage holdings in order to narrow a wide “spread” between 10-year Treasurys and mortgage rates. Continue reading →

Mortgage rates hit 20-year high as demand ‘close to multi-decade’ low

By | | Uncategorized
Comments Off on Mortgage rates hit 20-year high as demand ‘close to multi-decade’ low

Homebuyer demand for mortgages inched up slightly last week, as rates climbed to the highest level in more than two decades, according to the Mortgage Bankers Association’s weekly survey. Continue reading →

More lenders raise their conforming loan limit to $750K

By | | Uncategorized
Comments Off on More lenders raise their conforming loan limit to $750K

Following Rocket’s lead, UWM and Guaranteed Rate say they’ll price mortgages of up to $750,000 as if they’re eligible for purchase by Fannie Mae and Freddie Mac in anticipation of expected 2024 increases. Continue reading →

Flyhomes rebounds with launch of nationwide lender partner channel

By | | Uncategorized
Comments Off on Flyhomes rebounds with launch of nationwide lender partner channel

“Buy before you sell” product is the first offering in a phased rollout, with plans to offer a full suite of products, including cash offer services. Continue reading →

Drop in bond yields could also give mortgage rates room to ease

By | | Uncategorized
Comments Off on Drop in bond yields could also give mortgage rates room to ease

Dovish remarks from Fed policymakers help ease fears of more rate hikes, bringing yields on benchmark 10-year Treasury notes back to where they were at the beginning of October. Continue reading →

Housing groups urge Federal Reserve to stop hiking rates

By | | Uncategorized
Comments Off on Housing groups urge Federal Reserve to stop hiking rates

MBA, NAR and NAHB say uncertainty over the Federal Reserve’s next moves is disrupting the housing sector and threatening to send the U.S. economy into a tailspin Continue reading →

Homebuyer pessimism climbed to a new record high in September

By | | Uncategorized
Comments Off on Homebuyer pessimism climbed to a new record high in September

More than 8 in 10 Americans polled by Fannie Mae said it was a bad time to buy a home, and most weren’t expecting mortgage rates to come down anytime soon. Continue reading →

Interest rates surge again on surprisingly strong jobs report

By | | Uncategorized
Comments Off on Interest rates surge again on surprisingly strong jobs report

Employers added 336,000 jobs in September, the biggest jump since January, raising the odds that the Fed will pursue “higher for longer” rate strategy. Continue reading →

Institutional investors warming up to home equity agreements

By | | Uncategorized
Comments Off on Institutional investors warming up to home equity agreements

DBRS Morningstar’s rating of $224M securitization by Unlock and Saluda could boost investor appetite for agreements that let homeowners cash out equity in exchange for a stake in their home. Continue reading →