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Americans are tapping home equity despite jump in rates

National Mortgage
Mortgage Finance
3 years ago

Soaring mortgage rates aren't stopping plenty of U.S. property owners from tapping home equity — even if it means locking,.. Read More;

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CFPB seeks to further streamline refinancing, broaden loss mitigation

National Mortgage
Mortgage Finance
3 years ago

The Consumer Financial Protection Bureau on Thursday issued a request for information that could pave the way for more equitable,.. Read More;

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Fannie, Freddie serious delinquency rate continued to dip in 2Q

National Mortgage
Mortgage Finance
3 years ago

Fannie Mae and Freddie Mac completed a total of 96,952 foreclosure prevention actions during the second quarter of 2022, according,.. Read More;

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Mortgage Rate Holds in 2022

GLM Mortgage Group
Mortgage Finance
3 years ago

Mortgage Rate Holds in 2022A mortgage rate hold allows you to request a reservation on an interest rate for a,.. Read More;

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Ginnie Mae FAQs sidestep the key questions about new requirements

National Mortgage
Mortgage Finance
3 years ago

Last week, Ginnie Mae released a set of FAQs regarding the Amended Eligibility Requirements for government seller/servicers.  The folks at,.. Read More;

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Stamp duty cut 'pointless', says industry commentator

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Chancellor Kwasi Kwarteng unveiled a flurry of new stamp duty thresholds to be introduced on a permanent basis. The plans include,.. Read More;

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Most fixed rates rise, with three-year up 23 basis points, Moneyfacts says

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Meanwhile, the two- and five-year fixes both increased by 8 basis points, to 4.74% and 4.75%, respectively. And the average rate,.. Read More;

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Government to reveal house building plans in autumn

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Chancellor Kwasi Kwarteng announced in this morning’s mini budget that “a list of infrastructure projects will be prioritised for acceleration”,.. Read More;

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The Fed won't sell MBS any time soon. Now what?

National Mortgage
Mortgage Finance
3 years ago

Mortgage rates have surged in response to inflation and related monetary policy actions, but recent comments from Federal Reserve Chairman,.. Read More;

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Compass trims tech staff as more firms cut costs

National Mortgage
Mortgage Finance
3 years ago

Three real estate and mortgage players are reining in payrolls and operations as the industry reckons with on-going muted production,.. Read More;

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With rates soaring, Florida community bank bails on national mortgage lending

National Mortgage
Mortgage Finance
3 years ago

BayFirst Financial Corp. in St. Petersburg, Florida, said it plans to get out of the national mortgage business, citing rapidly,.. Read More;

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Guaranteed Rate, CrossCountry tout outreach to Hispanic borrowers

National Mortgage
Mortgage Finance
3 years ago

A pair of mortgage lenders have set enhanced communications capabilities looking to address the issue of limited English proficiency among,.. Read More;

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