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The share of first-time homebuyers increases by almost 50%

National Mortgage
Mortgage Finance
3 years ago

One group of borrowers is actually benefiting from the high interest rate environment  – first time homebuyers, a report published,.. Read More;

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LoanDepot terminates, reduces more funding agreements

National Mortgage
Mortgage Finance
3 years ago

LoanDepot is reducing its funding capacity for the third time in two months, citing current and projected origination volumes in,.. Read More;

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Equifax adds alternative data to mortgage credit reports

National Mortgage
Mortgage Finance
3 years ago

Credit-reporting agency Equifax announced it would begin including utility, cable and telecommunications payment data in credit reports sent to mortgage,.. Read More;

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New distress nudged the delinquency rate up in latest FHFA data

National Mortgage
Mortgage Finance
3 years ago

The monthly delinquency rate for loans backed by the government sponsored enterprises rose for the first time since May 2020,,.. Read More;

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Western housing markets most vulnerable to price declines

National Mortgage
Mortgage Finance
3 years ago

Housing markets along the West Coast and across the Rocky Mountain region, including Denver, are the most vulnerable to price,.. Read More;

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Odds of recession within next year climb to 60%, survey shows

National Mortgage
Mortgage Finance
3 years ago

Odds now favor that the U.S. economy slipping into a recession within the next year, with economists expecting the labor,.. Read More;

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Kwarteng replaced by Jeremy Hunt as chancellor

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Speculation about Kwarteng’s future as chancellor started last night when he ended his trip to the US a day early,.. Read More;

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Paradigm adds Cirencester Friendly's income protection products to panel

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Member firms of Paradigm Protect will now have access to Cirencester Friendly’s IP products. These include My Earnings Protected, which provides,.. Read More;

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Family Building Society hires Stuart Heavens as BDM

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Heavens joins from Catalyst Property Finance, where he served as an intermediary relationship manager.  Having 15 years of experience in the,.. Read More;

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All average fixed rate prices rise again, Moneyfacts data shows

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The three-year fix saw the biggest leap upwards, increasing by 57 basis points on average to take its price to,.. Read More;

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Wilmot and Syrett take lending director spots at Hampshire Trust Bank

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Syrett joins the lender after six years at United Trust Bank, where he was most recently senior manager in its,.. Read More;

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The USDA's outdated underwriting system is hobbling rural lending

National Mortgage
Mortgage Finance
3 years ago

Qualifying a borrower for the Rural Housing Service's 502 Guaranteed loan is not an easy feat. Those who apply for,.. Read More;

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