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Mortgage credit increases in July, but remains near 2014 lows

National Mortgage
Mortgage Finance
5 years ago

Mortgage credit availability rebounded in July, rising 0.3% from June, but the effects of the pandemic is holding back further,.. Read More;

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Guilds profits decline, as total originations fell in second quarter

National Mortgage
Mortgage Finance
5 years ago

Decreased volume and lower gain-on-sale margins led to smaller quarterly gains at Guild Holdings (GHLD), and the company expects further,.. Read More;

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Home prices in the U.S. soar 23%, the fastest rate on record

National Mortgage
Mortgage Finance
5 years ago

U.S. home prices rose the most on record in the second quarter as buyers battled for a scarcity of listings.The,.. Read More;

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Mortgage rates rise to 2.87%, reaching highest level since July

National Mortgage
Mortgage Finance
5 years ago

Mortgage rates in the U.S. surged to the highest level in a month.The average for a 30-year loan was 2.87%,,.. Read More;

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Construction output down in month to June but sees quarterly rise

Mortgage Finance Gazette
Mortgage Finance
5 years ago

Output fell by 1.3% in June, the third consecutive monthly drop and 0.3% below the last pre-coronavirus pandemic level recorded,.. Read More;

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Enra signs loan facility with JP Morgan to fund bridging portfolio

Mortgage Finance Gazette
Mortgage Finance
5 years ago

The facility will allow Enra to fund £750m of loans alongside its other funding sources. The non-bank lender launched its inaugural £270m,.. Read More;

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Total number of households in arrears rises but still 'close to historic lows': UKF

Mortgage Finance Gazette
Mortgage Finance
5 years ago

However, the number of residential households in early arrears fell from 28,670 to 26,560 between Q2 2020 and Q2 2021,.. Read More;

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Non-QM issuers call deals under favorable interest rate environment

National Mortgage
Mortgage Finance
5 years ago

Amid a credit environment already altered by historically low interest rates, jitters about whether inflation will abruptly raise low rates,,.. Read More;

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Fannie Mae to include rent payments in underwriting

National Mortgage
Mortgage Finance
5 years ago

Fannie Mae will factor rental payment history into its mortgage decisioning starting on September 18, the government-sponsored enterprise announced Wednesday.In,.. Read More;

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CFPB servicing rule aims to stave off another foreclosure crisis

National Mortgage
Mortgage Finance
5 years ago

The impending termination of government aid for struggling homeowners is expected to spark a flood of foreclosures as early as,.. Read More;

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10%-50%+ delinquent borrowers didnt request forbearance at some firms

National Mortgage
Mortgage Finance
5 years ago

The share of delinquent borrowers who did not ask for forbearance ranged from 10% or less to more than 50%,,.. Read More;

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Ginnie Mae's misconceptions about credit unions and mortgages

National Mortgage
Mortgage Finance
5 years ago

In July, Ginnie Mae issued a request for input proposing to establish additional, risk-based eligibility requirements for issuers of securities,.. Read More;

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