Lending and Originations

The newly established position is part of Guild Mortgage’s initiative to foster a more inclusive workplace environment and empower diversity in its workforce.

Freddie Mac reports that anticipated Federal Reserve rate hikes forced the 30-year fixed-rate mortgage downward yet again, leading to a slight rise in overall application activity.

If you are looking for a home for summers or a permanent residence, now may be the time to get into the market, as the number of listings on lakes has jumped dramatically this year.

The mortgage fintech provider has added a 10-year tech vet tasked with overseeing the company's IT and strategy spanning applications, data, cybersecurity, and infrastructure.

In today’s real estate market, every dollar counts, especially for low- to moderate-income homebuyers. Guild Mortgage’s new product buys down the mortgage interest rate for the first year and only requires a 1% down payment.

“The Committee seeks to achieve maximum employment and inflation at the rate of 2% over the longer run. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 5.00% to 5.25%,” the Fed said in a prepared statement.

Despite a rise in overall mortgage apps week-over-week, the MBA reports that mortgage rates are a percentage point higher than a year ago, and when combined with low for-sale inventory, is constraining home buying activity in many markets.

According to Mortgage Capital Trading, rate/term refinance volume was down 21.88%, cash-out refinance volume was down 21.77%, and lock activity in total was down 15.87% in total compared to April.

“Our residents deserve opportunities to build their credit from on-time rent payments that give them access to more financial services such as favorable interest rates on auto loans,” said Matt DeGraw, President, Bridge Property Management.

The MBA reports that mortgage credit availability fell for the third straight month in May, dropping to levels last recorded in January 2013.