Mortgage Market Downturn May Come To An End-Stratmor Report

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In: Mortgage News

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According to mortgage consulting firm Stratmor Group, many lenders have no déjà vu about the current mortgage industry downturn. A recent Stratmor report, citing mortgage industry executives, said “the sentiment is different.”  This time, sharp increases in mortgage rates, hugeContinue Reading

Finance Of America To Exit Wholesale Mortgage Market Post Guaranteed Rate Declined Acquisition Deal

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In: Mortgage News

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The Guaranteed Rate this week was dropped from negotiations to acquire a leading US mortgage finance channel, which could lead to the closure of the FoA division, a source with direct knowledge of the talks told Housingwire. In addition, FoAContinue Reading

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

Buyers Can Shop Around And Save In This Volatile Mortgage Market

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In: New Home Mortgage News

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This week, the 30-year mortgage rate rose 40 basis points to an average of 6.70%, the highest since 2007, according to the latest Freddie Mac weekly survey data. The research also shows a wide range of interest rates, so homeContinue Reading

Bad News For Mortgage Market Just Keeps On Arriving

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In: Mortgage News

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Last updated on September 27th, 2022 at 04:59 amThe Fed’s positive decision on a volatile day gave false hope for yields. This is evident in the Thursday sales off.  Now on Friday, another big overnight sell-off has recovered well atContinue Reading

Is It Right To Buy Smaller Homes in the Rising Mortgage Market?

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In: New Home Mortgage News

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Small houses are usually classified as properties of 400 square feet or less, although some definitions are as high as 1,000 square feet.  Small houses have become a popular option with a fair amount of movement, in part because theyContinue Reading

Will the mortgage market hit a crisis in 2021 like in 2000?

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In: Mortgage News

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Last updated on February 2nd, 2021 at 05:49 pmDuring the US mortgage bubble of the early 2000s, US citizens were taking cheap mortgages, but then defaulted on them ultimately causing a crash in the US housing market. The ripple effectContinue Reading

Ginnie Mae Borrowers Weigh Heavily On U.S. Mortgage Market

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In: Mortgage News

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Last updated on February 3rd, 2021 at 11:08 amAccording to the Monday report by Mortgage Bankers Association, compared to conventional ones, double the number of Ginnie Mae borrowers have demanded forbearance. MBA data shows Ginnie Mae has a higher share of forbearance ie.Continue Reading

The mortgage market shows a huge gap in wealth inequality

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In: Mortgage News

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Last updated on June 24th, 2021 at 04:37 pmThe U.S. mortgage market shows a widening gap between borrowers who are taking full advantage of record-low rates while protracted unemployment drives serious delinquencies to their highest levels since 2010. According toContinue Reading