As The Mortgage Market Get More Volatile Spread Between Jumbo And Conforming Loans Extends

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In: Mortgage News

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Freddie Mac’s latest weekly survey showed 30-year fixed-rate mortgages fell 4 basis points to 6.66% last week after rising 40 basis points last week. This reflects the volatility caused by continued economic uncertainty. However, this week, as the gaps betweenContinue Reading

Stewart Information Services Acquires FNC Title Services For Reverse Mortgage Closings

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In: Realtor News

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Reverse mortgage company FNC Title Services has approved the acquisition of Stewart Information Services. The deal, the financial terms of which were not disclosed, represents Stewart’s acquisition of FNC, a national reverse mortgage servicing platform.  They also agreed to holdContinue Reading

Is The Cost Of Living More Expensive In Suburbs Or Downtown?

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In: Realtor News

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In many parts of the United States, the suburbs have become more expensive, in part due to the COVID-19 pandemic and the trend of increased telecommuting.  However, whether this will influence the decision to move to the suburbs depends onContinue Reading

LoanDepot To Reduce Its Capacity For Future Mortgage Funding

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In: Mortgage News

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Just ten days after announcing he would close his mortgage business, Londipo told government regulators he planned to cut his investment. In a filing with the Securities and Exchange Commission (SEC) dated Aug. 19, the nation’s second-largest mortgage seller saidContinue Reading

Texas First Time Homebuyers Face Challenges Qualifying For Mortgage

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In: New Home Mortgage News

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For the vast majority in North Texas, it isn’t difficult to purchase that first home. In addition to the fact that there is a short stock, however, there are likewise exorbitant costs.  Also, presently because of expanding mortgage rates, TexasContinue Reading