In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate’s managing director and a top-producing loan officer. “This is a lot different than […]
It was late 2022 and Mike was feeling the pressure. Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. […]
If you’re just here for the conforming loan limit news, $766,550 is the number for 2024. Does this mean no one can get a mortgage for more than $766,550? No. The conforming loan limit is […]
KARACHI: Naysayers are unmistakably caught off guard. A mere revival of the International Monetary Fund (IMF)’s bailout programme has done the trick. What could have been achieved much earlier was needlessly delayed until the brink […]
Bank of America (BAC) reported double-digit growth in revenue and net income in the second quarter on Tuesday, as higher interest rates boosted income it generated from lending money. Why Does This Matter? Monetary policy tightening by […]
The U.S. has approved more than $42 billion in federal student loan debt forgiveness for more than 615,000 borrowers in the past 18 months as part of a program aimed at getting more people to […]
WASHINGTON, March 29 (Reuters) – Contracts to buy U.S. previously owned homes increased for a third straight month in February, raising cautious optimism that the housing market slump could be bottoming out. The National Association […]
The secondary loan market today suffered its biggest daily loss so far this year. In the wake of the Silicon Valley Bank collapse, the Morningstar LSTA US Leveraged Loan Index fell 0.76%, accelerating a downturn after a […]
The Federal Housing Administration (FHA) announced this week that a final rule related to an increased 40-year loan modification term has been published in the Federal Register. The rule allows mortgagees to increase the maximum […]
It felt like somebody turned on the spigot. There were leads, referrals and action in January, after people returned from holiday vacations and rates declined, said Don Monson, branch manager at Sente Mortgage. He was […]
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