Lender To Launch New Programs to Assist Buyers With The Expected Rate Hike

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In: Mortgage News

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Mortgage rates are skyrocketing due to the Federal Reserve’s (Fed) tightening monetary policy.  For lenders, that means finding new ways to put things together, such as introducing a program to get borrowers to “marry a house and fix an interestContinue Reading

Despite Of Challenges Few Mortgage Companies Experiencing Growth

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In: Mortgage News

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Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to all the more likely arrive at planned homebuyers, notwithstanding a difficult mortgage market. While numerous lenders laid off a portionContinue Reading

2021 Saw Both High And Low Borrowing Records

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In: Mortgage News

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Last updated on March 20th, 2023 at 09:54 pmAccording to estimates by the Mortgage Bankers Association, in the year 2021, $1.61 trillion was issued for purchase loans by mortgage lenders. In 2020 the figure was $1.48 trillion. The mortgage boomContinue Reading

Mortgage Lenders Cutting Margin Despite Phenomenal Earnings In Q1

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In: Mortgage News

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In their 2021 Q1 earnings reports, many of the largest mortgage lenders in the country announced record loan volumes but said margins are shrinking.  In spite of closing greater loan volumes, lenders said that the increase in competition in theContinue Reading

Using AI For Libor Transition Would Be Relief For Mortgage Lenders

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In: Mortgage News

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Last updated on February 3rd, 2021 at 11:52 amAs reported in National Mortgage News, the Federal Housing Finance Agency announced a comprehensive Libor transition plan for Fannie Mae, Freddie Mac, and the Federal Home Loan Banks for residential mortgages inContinue Reading

The second mortgage lender suggest Credit unions to use HELOCs to replace losses due to COVID-19

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In: Mortgage News, Home Equity News

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Last updated on February 3rd, 2021 at 11:02 amCredit unions auto lending profits has badly suffered due to, the COVID-19-fuelled crash can make up for the lack of income by capitalizing on one of the pandemic’s other key trends:  the ongoingContinue Reading

More Market Share for Wholesale Mortgage Lenders

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In: Mortgage News

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Last updated on February 2nd, 2021 at 05:09 pmThe wholesale channel continues to realize ground, consistent with the buyer Financial Protection Bureau’s recently released Home Mortgage Disclosure Act statistics for 2019. Wholesale lenders like Caliber Home Loans featured among 2019’s top lenders by volume, and UnitedContinue Reading

Mortgage Lenders Believe Rising their Profits in the Second Quarter – Fannie Mae

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In: Mortgage News

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Last updated on February 2nd, 2021 at 02:20 pmWhat is Fannie Mae? They help make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. They partner with lenders to create housing opportunities for families across theContinue Reading

A First Time Home Buyer and their Hunt for the Best Mortgage Lender

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In: Mortgage News, New Home Mortgage News

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Last updated on February 2nd, 2021 at 02:18 pmTo accomplish their American dream First-time homebuyers can get help from state programs, tax breaks, and federally backed loans.  Buying a home involves finding the property, securing financing, making an offer, gettingContinue Reading

Not all Lenders are Created Equal

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In: Realtor News

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Last updated on February 2nd, 2021 at 01:57 pmCorona pandemic has created a complete nerve-wracking effect on the economy leaving the entire country into a roller coaster ride.  In spite of the all-time low mortgage rates, the pandemic instilled fearContinue Reading