Traditional

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.

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.

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

Mortgage lenders are moving quickly to adopt digital closings, but Aaron Davis of AMD Enterprises and Florida Agency Network explains the challenge of determining an optimal partner.

Rather than viewing the reverse mortgage lending business as a completely new line of business, lenders today are looking at reverse mortgages as another loan product to add to their menu of offerings.

The Senate Banking Committee on Housing, Transportation, and Community Development is set to host a hearing assessing the government’s efforts to improve housing efforts among Native American communities nationwide.

“While elevated rates and other affordability challenges remain, inventory continues to be the biggest obstacle for prospective homebuyers,” said Freddie Mac Chief Economist Sam Khater.

In our June MortgagePoint cover story, experts discuss the importance of D&I strategies in the workforce, in business, and throughout the mortgage industry, highlighting the strategies utilized to promote equity in the U.S. housing system for renters and homeowners nationwide.

Mortgage application volume fell has fallen for a month straight, with purchase activity constrained by rates nearing the 7% mark and a lack of for-sale inventory.

Twenty-five-year senior finance specialist and former CoreLogic exec tapped to manage loanDepot’s financial functions, including its accounting, treasury, tax, corporate finance, and investor and lender relations activities.