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HomeMortgage market

Mortgage market

mortgage market
Housing

Spasms in UK mortgage market spell pain for homeowners, economy

June 15, 2023 Mark Paul Cervantes Comments Off on Spasms in UK mortgage market spell pain for homeowners, economy

LONDON, June 15 (Reuters) – Bedlam in Britain’s 1.5 trillion-pound ($1.9 trillion) mortgage market, fuelled by ructions in money markets, threatens to trigger a renewed slump in housing activity and financial pain for homeowners on […]

Hong Kong 's central bank
Economy

How Hong Kong plans to test its digital dollar in $229 bln mortgage market?

June 6, 2023 Mark Paul Cervantes Comments Off on How Hong Kong plans to test its digital dollar in $229 bln mortgage market?

HONG KONG, June 6 (Reuters) – Hong Kong ‘s central bank plans to test the use of its digital currency under a pilot project in its HK$1.8 trillion ($229 billion) mortgage market, with an aim […]

mortgage market
Weely Real Estate News

Wells Fargo is retreating from the mortgage market it once led

January 11, 2023 Mariel Alumit Comments Off on Wells Fargo is retreating from the mortgage market it once led

Source: CNN Business —  New York(CNN)Wells Fargo, long one of the biggest players in the mortgage business, is taking a big step back. The scandal-ridden bank announced a significant shift on Tuesday to focus its […]

Housing Wire

In volatile mortgage market, spreads between conforming and jumbo loans widen

October 8, 2022 Allen Santos Comments Off on In volatile mortgage market, spreads between conforming and jumbo loans widen

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage decreased four basis points last week to 6.66%, after jumping 40 basis points in the previous week, reflecting volatility due to the […]

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U.S. Market

Rocket
Housing Wire

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

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ 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 […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ 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
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ 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 […]

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