good credit - Real Estate Investor Pulse

Borrowers with good credit may pay more under Biden mortgage rule

May 2, 2023 Mark Paul Cervantes Comments Off

If you’re in the market for a new home, be aware that the upfront mortgage fees for Freddie Mac and Fannie Mae-backed loans have changed. Starting May 1, the fees dropped for borrowers with lower credit […]

Why having good credit could cost you more on a home mortgage

May 1, 2023 Mark Paul Cervantes Comments Off

If you’re looking to buy a home, new federal rules may impact how much you pay for a mortgage. Beginning May 1, upfront fees for loans backed by Fannie Mae and Freddie Mac will be […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]