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Mortgage rates jump, topping 4%

National Mortgage
Mortgage Finance
3 years ago

Mortgage rates in the U.S. soared, surpassing 4% for the first time in almost three years.The average for a 30-year,.. Read More;

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Lennar raises forecasts as home orders top estimates

National Mortgage
Mortgage Finance
3 years ago

Bing Guan/BloombergLennar Corp. reported better-than-expected quarterly orders as the record shortage of existing-home listings pushed buyers toward newly built properties.Purchase,.. Read More;

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BoE pushes base rate up to 0.75%

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The Monetary Policy Committee (MPC) voted 8-1, with a single member preferring to keep the base rate at 0.5%. It is,.. Read More;

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The Nottingham ditches early-stage hard footprint credit checks on mortgage loans

Mortgage Finance Gazette
Mortgage Finance
3 years ago

It says it has instead introduced soft searches, through credit checking firm Experian, at the start of the loan process. The,.. Read More;

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Elliot Advisers snaps up majority stake in Enra Specialist Finance

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Elliott acquired its part of the business from the lender’s management and Exponent Private Equity, which has owned Enra for,.. Read More;

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Wholesalers bring out new nonconforming offerings

National Mortgage
Mortgage Finance
3 years ago

As the potential mortgage origination market shrinks because of rising interest rates, some wholesale lenders are coming out with products,.. Read More;

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Fed, FHFA nominees advance, ending GOP boycott

National Mortgage
Mortgage Finance
3 years ago

WASHINGTON — The Senate Banking Committee approved the confirmation of the Biden administration's nominees for the Federal Reserve Board and,.. Read More;

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Angel Oak Mortgage's 4Q net income slips as rates rise

National Mortgage
Mortgage Finance
3 years ago

Angel Oak Mortgage, a real estate investment trust that securitizes non-qualified mortgage, sourced from its sister companies, reported lower net,.. Read More;

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Fed to raise short-term rates, shrink balance sheet

National Mortgage
Mortgage Finance
3 years ago

Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a live-streamed news conference following a Federal Open Market Committee,.. Read More;

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First-mortgage default rate rises to 11-month high

National Mortgage
Mortgage Finance
3 years ago

In February, the number of primary mortgages that went into default for the first time rose at the highest rate,.. Read More;

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Mortgage volumes fall amid market uncertainty

National Mortgage
Mortgage Finance
3 years ago

Following a brief surge, mortgage volumes decreased last week, as rate volatility drove down refinance activity, according to the Mortgage,.. Read More;

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Cost of living rises starting to weigh on public

Mortgage Finance Gazette
Mortgage Finance
3 years ago

This nationwide survey found that 39% were “very worried” about the cost of living squeeze, with a further 45% describing,.. Read More;

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