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FHFA, Ginnie Mae jointly revise requirements for mortgage companies

National Mortgage
Mortgage Finance
3 years ago

The Federal Housing Finance Agency and Ginnie Mae jointly released updated minimum financial-eligibility standards for counterparties that turned out to,.. Read More;

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Home sales data shows the housing market is normalizing

National Mortgage
Mortgage Finance
3 years ago

The housing market is finally starting to normalize as home sales declined by a double-digit percentage while inventory similarly rose,.. Read More;

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Mortgage trade groups for smaller lenders merge

National Mortgage
Mortgage Finance
3 years ago

A pair of trade groups dedicated to representing the interests of smaller-to-mid-sized mortgage lenders are merging.The Community Home Lenders Association,.. Read More;

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Rural Tennessee bank's new chair bets on mortgage growth in a tough market

National Mortgage
Mortgage Finance
3 years ago

Sonny Bringol, the new chairman of Farmers Bank in Parsons, Tennessee, is a former chemical engineer who got his start,.. Read More;

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First-mortgage default rate gets closer to September 2020's high

National Mortgage
Mortgage Finance
3 years ago

The first-mortgage default rate in July rose closer to a high it hasn't reached in almost two years, according to,.. Read More;

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How Wells Fargo's correspondent exit may impact the mortgage industry

National Mortgage
Mortgage Finance
3 years ago

Wells Fargo's potential exit from the correspondent production channel will be a positive for a mortgage origination business dealing with,.. Read More;

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Mortgage volumes fall to lowest weekly level since 2000

National Mortgage
Mortgage Finance
3 years ago

Following two weeks of increases, mortgage volumes headed downward, falling to their lowest level since 2000, the Mortgage Bankers Association,.. Read More;

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Rising disaster coverage costs could be coming to a head for housing

National Mortgage
Mortgage Finance
3 years ago

One of the most tangible indicators of climate change's impact on mortgaged homes are the public and private price tags,.. Read More;

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Blend posts steep Q2 losses, cuts more jobs

National Mortgage
Mortgage Finance
3 years ago

Blend Labs cut hundreds of jobs after reporting a heavy loss in the second quarter that stemmed from an accounting,.. Read More;

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FHFA proposes new affordability goals to address rising rents

National Mortgage
Mortgage Finance
3 years ago

The high cost of rent can be a solid supporting argument for the benefits of homeownership, particularly when marketing to first-time buyers in Gen,.. Read More;

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Home buyer competition toughest at the lower end of a cooling market

National Mortgage
Mortgage Finance
3 years ago

Higher interest rates and decreased affordability have led to a reversal of 2021 housing-market trends, with competition now most elevated,.. Read More;

post

U.S. housing starts decline to lowest level since early 2021

National Mortgage
Mortgage Finance
3 years ago

New U.S. home construction fell in July by more than forecast to the slowest pace since early last year as,.. Read More;

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