Tag Archives: mortgage

Rocket’s new 1% down mortgage also picks up tab for PMI

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Lender estimates a hypothetical buyer putting down $2,500 on a $250,000 home could save $20,500 in private mortgage insurance payments over 7 years. Continue reading →

Housing is outperforming, but recession may still be in the cards

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Fannie Mae economists say “extraordinarily tight” inventories of existing homes driven by mortgage lock-in effect has shifted demand toward new homes. Continue reading →

Housing counseling agency sues its founder for alleged fraud

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The National Asian American Coalition said only a small percentage of the counseling sessions it billed California $12 million for was actually provided. Continue reading →

Republicans turn up heat on Fannie and Freddie mortgage fee flap

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The Federal Housing Finance Agency has formally requested public feedback on what its goals and priorities should be in setting Fannie Mae and Freddie Mac’s pricing structure. Continue reading →

Mortgage demand slips with homebuyers wary of rate volatility

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Rise in mortgage rates defies expectations as unusually wide “spread” between 10-year Treasury yields and mortgages reflects investor fears of another refi wave. Continue reading →

Wells Fargo agrees to pay $1B to settle shareholder lawsuit

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Investors claimed they were misled about bank’s progress in fixing governance and oversight issues that came to light in wake of 2016 “fake accounts” scandal. Continue reading →

Maxwell’s LenderSelect deal grows footprint with community banks

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The deal to acquire LenderSelect from Blue Ridge Bankshares will also enable “significant expansion” of the secondary market trading platform, Maxwell Capital. Continue reading →

Freddie Mac spotlights lenders for promoting affordable loans

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UWM, Rocket and Fairway were enthusiastic backers of Freddie Mac’s Home Possible mortgage in 2022, which lets low-income homebuyers put as little as 3 percent down. Continue reading →

Encompass users gain access to title data with Flueid integration

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ICE Mortgage Technology’s popular loan origination system connected to Flueid Decision for underwriter-backed title clearance decisions on properties. Continue reading →

Consumers finally get it: Mortgage rates are probably going down

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A more optimistic outlook of where mortgage rates are headed drives the largest increase in Fannie Mae’s Home Purchase Sentiment Index in more than two years. Continue reading →