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.
Read More »NYCB and Flagstar Deal Clears Hurdle
The Office of the Comptroller of the Currency (OCC) has approved the merger deal between NYCB and Flagstar Bancorp, however NYCB's acquisition of Flagstar remains subject to the approval of the Federal Reserve Board.
Read More »Mortgage Rates on the Rise in Advance of Fed Meeting
With the Federal Reserve expected to take further action to address continued inflationary concerns, mortgage rates rose for the second consecutive week amidst softening market demand.
Read More »Democratizing Lending
Origination fees can present a web of inconsistencies, and Yatin Karnik of Confer Inc. asks if its time to “democratize” the lending process.
Read More »Purchase Demand Remains, Despite Leveling Off of Rates
The surge in mortgage rates seen last week has slowed slightly, as Freddie Mac expects rates to continue to increase, but at a more gradual pace.
Read More »Strong Housing Market Boosts Overall Household Wealth
New study finds the median net worth of U.S. households rose 17.6% from 2016-2019.
Read More »FHFA Publishes Final Rule on GSE Preservation
A new resolution issued by the FHFA is designed to help safeguard the American consumer and mortgage market against future stresses on Fannie Mae and Freddie Mac.
Read More »Cautious Fed Holds Rates Steady
Federal Reserve Chair Jerome Powell has opted to keep rates locked in near 0%, as the economy continues to shake off the effects of a year-long battle with the pandemic.
Read More »Fed Governor Brainard Urges Restraint From the Fed on Rates
Federal Reserve Board Governor Lael Brainard warned against visceral reactions, such as pushes in the marketplace for an increase in interest rates, given the economy’s fragile growth, while speaking at the 57th National Association for Business Economics Annual Meeting in Washington, D.C., on Tuesday.
Read More »Lender Survey: Credit Scores Matter, Often More than Downpayment Amounts
In their “Eye on Housing” blog, the National Association of Builders (NAHB) broke down the findings of the April 2015 Senior Loan Officer Opinion Survey (SLOOS), conducted by the Federal Reserve Board. In the survey, banks were asked questions that attempted to judge how they were responding to GSE guidelines issued on November 20, 2014 on life-of-loan representation and warranty exclusions.
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