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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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Second charge lending rises in February

Mortgage Finance Gazette
Mortgage Finance
3 years ago

This also means that second charge lending grew from £111.4m in January and by 83% on an annual basis. The number,.. Read More;

post

Fed to hike and steepen its rate policy path

National Mortgage
Mortgage Finance
3 years ago

The Federal Reserve is poised to raise interest rates Wednesday for the first time since 2018, with investors focused on,.. Read More;

post

Twenty7Tec appoints former Santander deputy CEO to board

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Prestedge has held senior roles for a number of major lenders, including deputy chief executive at Santander, chief operating officer,.. Read More;

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CFPB issues warning to mortgage servicers on Homeowner Assistance Fund

National Mortgage
Mortgage Finance
3 years ago

While strongly encouraging mortgage servicer participation in Homeowner Assistance Fund programs, a supervisory official at the Consumer Financial Protection Bureau,.. Read More;

post

HECM market surged at the start of 2022

National Mortgage
Mortgage Finance
3 years ago

HECM lenders began the year on an upswing, with endorsements industry-wide increasing by 10.5% on a monthly basis in January,,.. Read More;

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Prevent the Uber effect on credit scoring

National Mortgage
Mortgage Finance
3 years ago

The Federal Housing Finance Authority’s recent “listening session“ on updating the credit scoring models used by Fannie Mae and Freddie,.. Read More;

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EarnUp's new investors include KeyBank, LendingTree

National Mortgage
Mortgage Finance
3 years ago

Mortgage fintech EarnUp has completed a $31 million Series C funding round, which includes investments from KeyBank and lead generation,.. Read More;

post

LoanDepot faces new shareholder lawsuit

National Mortgage
Mortgage Finance
3 years ago

LoanDepot shareholder Tuyet Vu is suing the company for allegedly misleading investors, claiming the firm’s leadership artificially inflated its stock,.. Read More;

post

U.S. office buildings face $1.1 trillion obsolescence hurdle

National Mortgage
Mortgage Finance
3 years ago

One of the tallest office towers in St. Louis lost 96% of its appraised value. Denver’s former World Trade Center,.. Read More;

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