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Home prices and competition reduced as volatility persists

National Mortgage
Mortgage Finance
3 years ago

Interest rate volatility and its increasing toll on affordability are reducing competition among buyers and contributing to a second consecutive,.. Read More;

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Select Portfolio Servicing agrees to buy Rushmore assets

National Mortgage
Mortgage Finance
3 years ago

Select Portfolio Servicing on Monday announced that it has agreed to purchase certain assets from Rushmore Loan Management Services.The financial,.. Read More;

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U.S. homebuilder sentiment falls for a ninth month in record slide

National Mortgage
Mortgage Finance
3 years ago

A contractor uses a hammer on a home under construction in Antioch, California, on June 14.David Paul Morris/Bloomberg ,.. Read More;

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Expect Some Tough Love from the US Federal Reserve This Week | Dave The Mortgage Broker

Dave The Mortgage Broker
Mortgage Finance
3 years ago

The Federal Reserve is expected to continue raising its policy rate when it meets this week. The bond futures market is,.. Read More;

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Mortgage innovation risks must be weighed, regulator urges

National Mortgage
Mortgage Finance
3 years ago

Federal regulators exploring the mortgage industry's embrace of technology understand companies' concerns around new potential risks. Lenders might be hesitant to,.. Read More;

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Single-family construction permits decline nationwide

National Mortgage
Mortgage Finance
3 years ago

Year-to-date issuance of single-family construction permits declined by more than 5% annually in July, according to the National Association of,.. Read More;

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VA home loan bill could open door to more virtual appraisals

National Mortgage
Mortgage Finance
3 years ago

Another segment of government-backed home loans could soon become available without needing an in-person property appraisal.A bill passed by the,.. Read More;

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Rocket offers borrowers lower monthly payments in first year

National Mortgage
Mortgage Finance
3 years ago

Rocket Mortgage's direct-to-consumer channel rolled out an option for its conventional and government loans that reduces the borrowers' monthly payment,.. Read More;

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Student loan forgiveness' boost to mortgage performance may be small

National Mortgage
Mortgage Finance
3 years ago

Mr. Cooper ran the numbers on student loan forgiveness and found some potential for it to improve home loan performance,,.. Read More;

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Wells Fargo agrees to $94 million settlement in forbearance suit

National Mortgage
Mortgage Finance
3 years ago

Wells Fargo has agreed to pay $94 million to settle a class-action lawsuit brought by mortgage borrowers who said they,.. Read More;

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Shrinking home prices led to more sales in August

National Mortgage
Mortgage Finance
3 years ago

August's average accepted offer on a single-family property was one percentage point below the list price, which drove a month-to-month,.. Read More;

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Hybrid appraisal waivers offer savings but delegating can be tricky

National Mortgage
Mortgage Finance
3 years ago

Bonnie Sinnock Hybrid appraisal waivers, which allow for the collection of supplemental property level data from a nontraditional,.. Read More;

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