Over the past few days U.S. mortgagors have caught a wicked case of 'Refi Fever.' Oh, but will it last? With Friday's bond market close several hours away one thing is clear: mortgage rates are no longer tumbling, which means anyone hoping for a 2% 30-year fixed rate loan can forget about it. But rates are still great. Now, if only the White House could convince Fannie Mae and Freddie Mac to loosen up on loan standards, which would allow more consumers to qualify. Of course, appraisers need to be a little more understanding as well, or so we hear…
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The competitive and controversial leader, who will stay on the board, oversaw rapid growth but also a massive downsizing, and a notorious mass firing over Zoom.
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The deal bolsters Zions' ability to serve multifamily customers and creates a natural extension of its affordable housing lending program, management said.
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Mortgage servicers would like to shed responsibility for second liens but they may be exchanging one set of workflows for others.
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The move builds on MeridianLink's lending lifecycle strategy, enabling institutions to engage with borrowers before, during and after the lending decision.
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The market is bifurcated into those looking for affordable housing outside of metropolitan cores and high-end buyers prioritizing lifestyle. Still, both groups are looking south.
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The agency delayed an offering of occupied units until September to ensure compliance with President Trump's executive order made earlier this year.
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