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U.S. pending home sales decline unexpectedly on record prices

National Mortgage
Mortgage Finance
5 years ago

A gauge of contract signings to purchase previously owned U.S. homes fell in June, indicating high prices and a limited,.. Read More;

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Fees paid to Fannie and Freddie could help fund infrastructure plan

National Mortgage
Mortgage Finance
5 years ago

WASHINGTON — The Senate’s nearly $1 trillion bipartisan infrastructure proposal would be partially funded with an extension of the hike,.. Read More;

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Freddie Mac's net worth doubles annually in the second quarter

National Mortgage
Mortgage Finance
5 years ago

Freddie Mac enjoyed a successful second quarter as its profit more than doubled what it pulled in a year ago,.. Read More;

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Truework creates income verification API for gig economy

National Mortgage
Mortgage Finance
5 years ago

Digital income verifier Truework added to its application programming interface to assist lenders in underwriting for the freelancers and contractors,.. Read More;

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Legal & General Home Finance and Santander extend later life partnership

Mortgage Finance Gazette
Mortgage Finance
5 years ago

The financial services group’s later life lending unit first agreed a deal with the high street bank in 2016, but,.. Read More;

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Powell sees progress on taper conditions though a ways to go

National Mortgage
Mortgage Finance
5 years ago

Federal Reserve officials are moving closer to when they can start reducing massive support for the U.S. economy, though Chair,.. Read More;

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Iress seeks higher offer in sale talks with private equity firm

Mortgage Finance Gazette
Mortgage Finance
5 years ago

Iress confirmed it received a “confidential, unsolicited, non-binding and indicative proposal” from EQT on 4 July. EQT proposed buying all of,.. Read More;

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Bank of England reports record mortgage borrowing numbers

Mortgage Finance Gazette
Mortgage Finance
5 years ago

The Bank of England’s latest money and credit report also shows that approvals for house purchases fell to 81,300 in,.. Read More;

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Equity release nears pre-pandemic levels in Q2

Mortgage Finance Gazette
Mortgage Finance
5 years ago

There were 20,352 new and returning customers in the market between April and June, a rise from 16,527 in Q1,.. Read More;

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Newrez markets ARM products in the wake of new rate dynamic

National Mortgage
Mortgage Finance
5 years ago

A new marketing push around adjustable-rate mortgages at Newrez highlights a change in the relative pricing of the loans that,.. Read More;

post

As FHFA sets eviction rules, MBA redoubles push to get aid to tenants

National Mortgage
Mortgage Finance
5 years ago

The Mortgage Bankers Association called on housing finance firms to step up efforts to connect tenants with government rental assistance,.. Read More;

post

Flagstar's 2Q mortgage earnings slip on margin compression

National Mortgage
Mortgage Finance
5 years ago

Flagstar Bancorp's second quarter mortgage banking earnings fell 26% compared with the prior three months and 45% year-over-year as gain,.. Read More;

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