Lower rates drive multifamily lending surge
Origination volumes grew across nearly all sectors of commercial real estate on both a quarterly and yearly basis, according to the Mortgage Bankers Association.
Originations
Mortgage rates climb and more rises may be on the way
The post-election spike in the 10-year Treasury yield could translate to higher rates for the 30-year fixed rate mortgage in the short term.
Townstone Financial agrees to settle redlining case
The Chicago-area lender, which at first was able to get the suit quashed, agreed to end the discrimination case by paying a $105,000 fine.
Fannie Mae, Freddie Mac gear up for change involving g-fee
Freddie Mac also indicated that it will be proceeding with its closely watched second-lien pilot, while Fannie reported gains in serving credit invisible borrowers.
FHFA announces updates to appraisal, repurchase rules
Positive feedback from participants in existing programs led to the decision to expand them in order to assist more lenders.
FICO defends turf with credit score simulator
As it gets ready for more competition from VantageScore, the company also did not comment on reports of yet another impending price hike.
Mortgage rates keep rising but there are upsides for housing
A strong economy drove mortgage rates higher in the past week but it's still an advantageous market for consumers in some ways, according to Freddie Mac.
UWM rolls out another competitive refinance promotion
The lender claims the offering is the only one of its kind in today's mortgage market.
Pending home sales stage a surprising rebound
The Fed's short-term rate cut hasn't lowered 30-year mortgage rates, which have been flat, but some buyers had reasons to act sooner rather than later.
Why one measurement of mortgage costs rose amid lower rates
Home prices are one driver. Other factors also have been exerting upward pressure on housing expenses that differ by region and lift the overall average.
As rates go up, Freddie calls previous enthusiasm “premature”
The conforming 30-year fixed rate mortgage rose to 6.12% on Oct. 3.
How Fed rate cut impacts housing finance agency activity
State housing finance agencies had a resurgent fiscal 2023 and the recent fed funds rate reduction could have a mixed impact on them, Fitch Ratings said.
Housing payments just hit a 2024 low
Affordability improved for a fourth straight month, but questions remain about whether recent trends will bring a significant number of buyers into the housing market.
Lower rates not equaling more purchases — or are they?
Mortgage rates being at a two-year low has not moved potential buyers off the sidelines, Freddie Mac says, but Redfin says demand for home tours is up.
How applications moved during the Fed’s rate cut
Purchase activity trudged along during what lenders describe as a traditional end-of-summer slump.
Homebuilders see a changing customer profile emerge
While the lock-in effect on existing supply has helped drive consumer interest in new construction, first-time buyers have been taking a greater share of that inventory.
Fed’s large cut has complex effect on mortgages
Short-term rate cuts often don't immediately translate to lower financing costs for 30-year home loans, and there are some unique circumstances this time.
Mortgage rates move as FOMC cut looms
The 30-year fixed rate mortgage fell week-to-week by the largest amount since the start of August and are now almost a percentage point lower than a year ago, according to Freddie Mac.
Huntington expands corporate financing for mortgage companies
The bank has brought in mortgage industry veteran Ken Logan as senior managing director to oversee a broader range of financing it's offering to home lenders.
Refis stall on tepid interest rate declines
Steady purchase demand still led to a positive August according to the Mortgage Bankers Association.
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