Any existing customers at the bank can now apply for non-conforming refinancing. However, those lacking a prior relationship with Wells Fargo will face a harder time
The new mortgage lender, called Proper Rate, will begin originating mortgages to homebuyers and owners in 15 states
During the week ending June 28, the total number of mortgage loans in forbearance dropped to 8.39 percent of servicers' portfolio volume from 8.47% the week prior
Refinance rates increased by 0.4% week over week and by a whopping 111% year over year, according to data from the Mortgage Bankers Association released Wednesday
The Detroit-based lender announced the Rocket brand in 2015 and now plans to use the symbol RKT on the New York Stock Exchange
The average 30-year mortgage hit a new all-time low of 3.07% this week, according to data from Freddie Mac released Thursday
As experts and advisers, real estate agents have always played an important role for homebuyers. But it’s clear that during the coronavirus era, they have even more responsibility to educate clients on what's happening in today's market
A new report from the Mortgage Bankers Association shows that about 4.2 million homeowners were in forbearance programs as of June 21
The settlement applies to borrowers who were enrolled in interest-only loan modifications by Caliber, as well as customers who are dealing with the economic fallout of COVID-19
The Consumer Financial Protection Bureau proposed on Monday a shift from DTI ratios to a price-based approach to improve qualified mortgage access
Although millennials will likely make up the largest percentage of homebuyers this year, the generation appears to be woefully under-informed about the real estate industry, according to a recent survey by flat-fee brokerage Homie
During the week ending on June 14, mortgage loans in forbearance decreased to 8.48%, down from 8.55% the previous week, according to the MBA
The startup is wagering that as widespread pandemic-induced unemployment continues to grow, homeowners will consider tapping into home equity
The share of mortgage loans in forbearance modestly rose to 8.55 percent of servicers' portfolio volume during the week ending on June 7, up from 8.53 percent the previous week
The US Federal Reserve also intends to continue purchasing mortgage-backed securities, Federal Reserve Chairman Jerome Powell said Wednesday
Despite a 0.07 week-over-week increase in forbearance requests, the Mortgage Bankers Association said homeowners' financial situations are turning around