Despite a tough home buying market and rising rates, April saw an increase of purchase loans that were closed according to a report. What are the factors likely to impact these numbers going into summer?
Read More »Mortgage Lending in a Gig Economy
As the gig economy grows, a Fannie Mae survey asked lenders their views on using gig economy income in the mortgage underwriting process and here’s what it found.
Read More »Wells Fargo Home Lending’s EVP Brad Blackwell Announces Retirement
Blackwell, who's EVP, Housing Policy and Homeownership Growth Strategies has said that he will retire in September.
Read More »Angel Oak Appoints New Accounts Executives
The new appointments will help the company keep pace with non-prime mortgage growth for the lender.
Read More »Mortgage Costs vs. Credit Scores
Borrowers with lower credit scores paid much more in additional costs to get a mortgage according to a report. Here’s how credit profiles affected loan prospects for borrowers.
Read More »Reverse Mortgage Market Takes a Fall
After a rough March for home equity conversion mortgage originations, April’s numbers became even more dire, according to the latest statistics from Reverse Market Insight. Just how bad ...
Read More »Mortgage Apps Decline Despite Stable Rates
Applications for loans decreased even though mortgage rates remained relatively stable. Here’s how the average contract rates and other indices performed during the week.
Read More »Capital One Sells $17 Billion of Mortgages
In keeping with its intention to move out of the residential mortgage lending space, Capital One recently sold its first and second lien mortgages to a Credit Suisse subsidiary. Here’s how the funds from this transaction are likely to be used.
Read More »Where Do Borrowers Save the Most on Mortgage?
Click through to learn which city has borrowers saving the most in lifetime interest expenses. Hint: It’s in the Golden State.
Read More »HMDA Data: Loans to Low-Income Borrowers Rose in 2017
A change in regulations saw fewer banks reporting HMDA data, which indicated an increase in home lending. See how other HMDA data indicators performed by clicking through.
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