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Expecting a 'Trump bump' in housing? Not so fast
Dec 5, 2024 · Redfin is about 50 basis points higher on its estimates, at a 6.8% average for the year. That is where rates are today, with the Nov. 27 Freddie Mac Primary Mortgage Market …
Ginnie Mae finalizes reverse-mortgage buyout relief terms
Nov 25, 2024 · The industry has united behind HMBS buyout relief because, due to interest rate conditions and the composition of the market in recent years, the volume of loans hitting their …
CFPB shutters Majestic Home Loan for misleading VA marketing …
Feb 27, 2023 · All in all, the CFPB estimates that "millions of advertisements" have been distributed by the lender using the names and logos of the VA and the FHA in a way that …
Mortgage default levels are providing a warning sign
Nov 22, 2024 · October's total delinquency rate — loans 30 days or more late but not yet in foreclosure — was 3.45%, the First Look report found. While that was down by 0.79% from …
FHA looking at rental income underwriting change
Nov 20, 2024 · A new draft mortgagee letter was issued for feedback on Nov. 20, with responses accepted until Dec. 10. Last week, the Department of Housing and Urban Development …
Movement Mortgage hires new president, CFO
Nov 14, 2024 · Movement's new C-suite executive has three decades of leadership experience in the mortgage industry, previously holding senior positions at Stearns Lending, Caliber Home …
FHFA announces updates to appraisal, repurchase rules
Oct 28, 2024 · Citing success it had seen in current initiatives, the agency said it would change rules governing purchase loans insured by government-sponsored enterprises Fannie Mae …
MBA predicts profitability, but with challenges ahead
Oct 28, 2024 · She anticipated there will be tighter gain on sale margins for loans, making expense reductions necessary, but not to the degree seen in 2023 when the industry cutbacks …
Real estate investors pull back on home buying in Q3
Nov 22, 2024 · Real estate investors bought 2.4% fewer homes in the third quarter than during the same period in 2023, according to Redfin. This drop occurred even though interest rates …