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Mortgage earnings likely to sink to 2018 levels next year

National Mortgage
Mortgage Finance
4 years ago

Lower originations combined with continued margin contraction could drive next year’s nonbank mortgage lender profitability to levels last seen in,.. Read More;

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Falling lumber prices boosted construction spending in July

National Mortgage
Mortgage Finance
4 years ago

Construction spending picked up in July, as material costs declined from all-time highs and employment in the sector grew, according,.. Read More;

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Freddie Mac to lower down payment hurdles for some loans in November

National Mortgage
Mortgage Finance
4 years ago

Freddie Mac on Nov. 15 will lower down payment requirements on primary residences for borrowers with incomes up to 80%,.. Read More;

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Forbearance numbers fall as servicers prepare for exits

National Mortgage
Mortgage Finance
4 years ago

COVID-related forbearances declined slightly in the final week of August, as the industry prepares to deal with several hundred thousand,.. Read More;

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Nonbank mortgage payrolls set new record as broader job gains soften

National Mortgage
Mortgage Finance
4 years ago

The latest nonbank mortgage job numbers rose further in July, but with signs of softening in broader employment during August,,.. Read More;

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HUD gives $47 million to groups to aid in fair housing enforcement

National Mortgage
Mortgage Finance
4 years ago

The Department of Housing and Urban Development awarded over $47 million in grants to 120 organizations nationwide to assist in,.. Read More;

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Connect Mortgages wins broker bake off

Mortgage Finance Gazette
Mortgage Finance
4 years ago

The three-tiered creation from the distribution firm saw off competition from 17 other corporate teams to be crowned Bake 2021,.. Read More;

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Average two-, three- and five-year fixes drop: Moneyfacts

Mortgage Finance Gazette
Mortgage Finance
4 years ago

Meanwhile, the average rate for a three-year fix slipped by 1 basis point to 2.38% and the average rate for,.. Read More;

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Darlington integrates LendingMetrics' ADP

Mortgage Finance Gazette
Mortgage Finance
4 years ago

The lender says this will reduce the time to decision with no need for standardised lending, and application feedback will,.. Read More;

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Hurricane Idas damage to Southeast homes could total as much as $21B

National Mortgage
Mortgage Finance
4 years ago

The price tag for Hurricane Ida's property damage in Louisiana could be in the tens of billions of dollars, but,.. Read More;

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Mortgage rates unchanged for the week, despite tapering announcement

National Mortgage
Mortgage Finance
4 years ago

The summer’s low mortgage rates held steady over the past week, even as the central bank signaled it was ready,.. Read More;

post

Housing market indicators point to a slight cooling

National Mortgage
Mortgage Finance
4 years ago

The housing market is becoming more favorable to buyers as an increasing number of new sellers reduced their home's list,.. Read More;

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