While still higher than the norm, the reduction in this spread is good news when it comes to mortgage rates for potential homebuyers as well as current owners.
Neil Bader once headed up a company that was one of, if not the, largest mortgage brokerage in the 1990s. His career has covered the various shifts in how the business is done.
After a Supreme Court ruling, forgiveness for education debt looks unlikely but some of those exiting forbearance for it get a year-long break on credit and fees that could be helpful.
Late-stage mortgage delinquencies hit the highest level since January 2020 in September, a new report from VantageScore found.
Bilt members will be able to earn benefits through Venmo use, with the agreement coming after the company recently added mortgage payments to its points mix.
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It's important to create distinct value propositions for each channel, leveraging technology and specialized teams to serve the unique needs of retail customers,
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New-home loan activity rose 1% in August year over year, but applications fell 6% from July.
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A group of Democratic Senators led by Elizabeth Warren, D-Mass., urged regulators to keep the 2023 Community Reinvestment Act overhaul, saying the rule was carefully crafted with bipartisan input.
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The index plumbed one of its lowest levels in years this month, underscoring the deep freeze in housing despite a recent drop in mortgage rates.
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Vieaux, currently president of Finlocker, will be stepping into the role at the Mortgage Industry Standards Maintenance Organization on Oct. 16.
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The FHA forward loan program has helped millions of families finance homes and is poised to thrive if untangled from HECM in the MMI. FHAs ability to serve these families should not be affected by issues associated with the HECM program.
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Lenders should carefully evaluate their business practices and the importance of an actual pre-approval process in the context of their operations.
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Unless we are willing to consider housing policies that reflect the economic conditions young adults in this country are actually facing, we will never solve the problems in U.S. housing markets.
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ON-DEMAND VIDEOMonetary policy remains the key to the markets. The Federal Open Market Committee predicts one rate cut in 2026, but the panel will get a lot of data before
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ON-DEMAND VIDEOWith the government reopened and data flowing, the FOMC may cut rates again in Dec. Steve Skancke, Chief Economic Advisor at Keel Point, will break down the mee
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ON-DEMAND VIDEOWill the Federal Reserve cut rates in October? BNP Paribas Chief U.S. Economist James Egelhof discusses the meeting and Chair Jerome Powell's press conference.
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