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Existing home sales slide to cap biggest annual drop since 2008

National Mortgage
Mortgage Finance
2 years ago

Sales of previously owned U.S. homes fell in December to the slowest pace in over a decade, capping one of,.. Read More;

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LoanDepot invests in Black Knight loan origination system

National Mortgage
Mortgage Finance
2 years ago

Though some lenders have tabled tech initiatives until the origination landscape improves, other players in the market, like loanDepot, are,.. Read More;

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Significant rate drops at all fixed rates, Moneyfacts data shows - Mortgage Finance Gazette

Mortgage Finance Gazette
Mortgage Finance
2 years ago

The average rate for a two-year fix fell 10 basis points, to 5.53%, the three-year fix lost 21 basis points,,.. Read More;

post

One Mortgage System extends ties with Hometrack AVM - Mortgage Finance Gazette

Mortgage Finance Gazette
Mortgage Finance
2 years ago

The mortgage processing platform for brokers says the move gives advisers access to Hometrack’s new Broker Automated Valuation Model, which,.. Read More;

post

CMA sets sights on housebuilding sector - Mortgage Finance Gazette

Mortgage Finance Gazette
Mortgage Finance
2 years ago

In a letter to Michael Gove, CMA chief executive Sarah Cardell  writes that, on 18 January, the watchdog’s board decided,.. Read More;

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One Mortgage System upgrades Hometrack AVMpartnership - Mortgage Finance Gazette

Mortgage Finance Gazette
Mortgage Finance
2 years ago

The mortgage processing platform for brokers says the move gives advisers access to Hometrack’s new Broker Automated Valuation Model, which,.. Read More;

post

Value of UK homes increased by an average of

Mortgage Finance Gazette
Mortgage Finance
2 years ago

Zoopla says its data on the value of UK homes has shown “a clear shift in momentum over 2022”, with,.. Read More;

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Coventry for Intermediaries debuts 2-year BTL loans for existing customers - Mortgage Finance Gazette

Mortgage Finance Gazette
Mortgage Finance
2 years ago

The mutual’s broker-only arm says that rates are available between 50% and 75% loan to value for BTL and portfolio landlords.  It,.. Read More;

post

FHFA makes further changes to Fannie Mae, Freddie Mac pricing

National Mortgage
Mortgage Finance
2 years ago

The Federal Housing Finance Agency is making changes to the pricing for home loans Fannie Mae and Freddie Mac buy.,.. Read More;

post

Ginnie Mae extends delinquency threshold exemption for COVID-19

National Mortgage
Mortgage Finance
2 years ago

Ginnie Mae has extended pandemic-related flexibilities around a threshold for late payments for the fourth time.The exemption for certain loans,,.. Read More;

post

Home price drop will lift purchase market, Rocket CFO says

National Mortgage
Mortgage Finance
2 years ago

The expected reduction in mortgage activity will force more industry consolidation, but prospective homebuyers will enjoy the collateral damage in,.. Read More;

post

Bailout or business as usual? Home Loan bank advances to crypto banks spark debate

National Mortgage
Mortgage Finance
2 years ago

The use of Federal Home Loan Bank advances to offset crypto deposit losses has raised questions about banks' reliance on,.. Read More;

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