U.S. debt purchasers are positioned to benefit from rising delinquencies due to improvement in portfolio supply from an increase in non-performing loan (NPL) sales, according to a recent report from Fitch Ratings. This increase in […]
With interest rates now at 14-year highs, the cost of homeownership is becoming an issue for most prospective home buyers. HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert, about how mortgage […]
Source: The Real Deal — Mortgage rates could climb another 1.5 percentage points, according to a leading economist. National Association of Realtors chief economist Lawrence Yun predicted that interest rates could be on their […]
Source: The Motley Fool — When my husband and I got married, we decided we wanted to wait to purchase a property until we found our forever home. We found getting a mortgage to be a […]
A doubling of 30-year fixed rate mortgage rates, shrinking profit margins and a risk of recession presents a challenging environment for independent mortgage banks (IMBs), but smaller IMBs are better positioned to weather challenges, claimed […]
A coalition of 77 banking trade groups led by the American Bankers Association (ABA) and the Independent Community Bankers of America (ICBA) has asked the Federal Housing Finance Agency (FHFA) to modify an existing rule […]
Nations Direct Mortgage, a residential lender in both the retail and wholesale channels, on Wednesday announced appointing Jack O’Brien as its senior vice president and national sales director. Prior to joining Nations Direct, O’Brien held […]
The Office of the Comptroller of the Currency, the Consumer Financial Protection Bureau, the Federal Reserve Board on Thursday announced that the 2023 threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans will jump to […]
Twitter has become somewhat ubiquitous in today’s social media landscape, with more than 200 million users worldwide. The timeline moves about as quickly as the news does, which is why it can be such a […]
The Mortgage Bankers Association announced Thursday it promoted Joel Kan to vice president, deputy chief economist. Kan has worked at the association since 2006, rising from survey specialist to associate vice president of economic and […]
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