Fed maintains commitment to not raising interest rates
'The ongoing public health crisis continues to weigh on the economy, and risks to the economic outlook remain,' said the Federal Reserve Open Market Committee
by Matt Carter Apr 28
Mr. Cooper
The company says there was a processing error, and is looking to correct the withdrawals as soon as possible
by Kelsey Ramírez Apr 28
housing market
The housing market continued to slow this week even as interest rates remain below 3%. Mortgage Bankers Association Economist Joel Kan explains why
by Kelsey Ramírez Apr 28
QM rule
Bureau pushes back mandatory compliance date despite industry concerns
by Kelsey Ramírez Apr 28
Lawsuit accuses United Wholesale Mortgage of antitrust violations
A Florida mortgage broker alleges UWM is violating the law by refusing to do business with brokers who send loan applications to Rocket Mortgage or Fairway Independent Mortgage
by Matt Carter Apr 28
Citi pledges to serve more minority homebuyers
The lender is expanding access to HomeRun and Lender Paid Assistance mortgage programs, two loan products that can be important tools for minority borrowers in low- and moderate-income neighborhoods
by Matt Carter Apr 27
Nationwide Equities fined $140K for alleged deceptive advertising
The Consumer Financial Protection Bureau says the lender 'misled borrowers into believing they could not lose their homes with a reverse mortgage'
by Kelsey Ramírez Apr 27
Nation's largest thrift acquires top 20 mortgage lender
Will Flagstar merger supercharge New York Community Bank's mortgage lending?
by Matt Carter Apr 26
forbearances
The latest Mortgage Bankers Association survey shows forbearances dropped for eighth consecutive week
by Kelsey Ramírez Apr 26
paying mortgage
For Americans with mortgages, car payments and credit cards, a new TransUnion study shows paying their mortgage was a top priority during the pandemic
by Kelsey Ramírez Apr 26
Ocwen is doubling down on PHH Mortgage's loan originations
The acquisition of Texas Capital Bank's correspondent lending business is expected to double the channel's volume for PHH Mortgage
by Matt Carter Apr 26
Mat Ishbia and his journey to the top of the mortgage profession
United Wholesale Mortgage CEO Mat Ishbia shares what his life was like growing up, and how he became one of the wealthiest mortgage executives in the US
by Kelsey Ramírez Apr 26
Purchase Originations
The MBA announced Thursday at its Spring Conference and Expo 2021 that purchase originations are on track to grow 16.4% to a new record of $1.67 trillion in 2021
by Kelsey Ramírez Apr 22
Mortgage rates drop below 3% for first time in months
Average mortgage interest rates for a 30-year fixed rate mortgage dropped to 2.97% for the week ending April 22, according to Freddie Mac’s Primary Mortgage Market Survey
by Kelsey Ramírez Apr 22
servicers
Servicers must be empathetic, acknowledging to begin the conversation, a panel of experts at the Mortgage Bankers Association’s Spring Conference and Expo said on Wednesday
by Kelsey Ramírez Apr 22
delinquency rate
Mortgage delinquency rate plummets 16.4% from the previous month
by Kelsey Ramírez Apr 21