HousingWire, Oct. 15, 2021–Sarah WheelerHomeownership platform provider SimpleNexus acquired LBA Ware, a software firm that offers incentive compensation management and business intelligence software for the mortgage industry, the companies announced …
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Mortgage Rates Top 3% Again–and You Shouldn’t Assume They’ll Go Back Down
MoneyWise, Oct. 17, 2021–Nancy SarnoffMortgage rates, which recently dipped below 3% again, have surged back above that line. The increase is meaningful because rates have been so cheap for so …
Home Price Gains Will Shrink to 3-5% in 2022, Experts Say
MortgageGrader.com, Oct. 17, 2021–Jeff LazersonTight inventory and high rents will offset pressures from higher mortgage rates and inflation, housing economists predict.https://www.mortgagegrader.com/blog/home-price-gains-will-shrink-to-3-5-in-2022-experts-say/
Rocket Takes Another Trip to the MSR Selling Well
Inside Mortgage Finance, Oct. 15, 2021–Paul Muolo, John BancroftRocket Mortgage, the nation’s largest residential lender, is in the market with a roughly $25 billion package of bulk mortgage servicing rights, …
What U.S. Homeowners Can Do As Mortgage Forbearance Ends
Reuters, Oct. 15, 2021–Jonnelle MarteThe number of U.S. homeowners exiting mortgage forbearance plans that allowed them to halt payments during the pandemic is expected to rise soon as those who …
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Flood Insurance Rates Are Spiking For Many, To Account For Climate Risk
NPR, Oct. 15, 2021–Greg AllenThe cost of federal flood insurance is rising for millions of homeowners, threatening to make homes in coastal areas unaffordable for many. The Federal Emergency Management …
UWM Accepts Cryptocurrencies for Mortgages in Pilot, Stops Short of Broader Use
Detroit News, Oct. 14, 2021–Breana NobleThe Pontiac-based mortgage giant in September accepted its first cryptocurrency payment, which it says is the first transaction of its kind in the industry. It …
Mortgage Rates Reach Highs Not Seen in Six Months
Washington Post, Oct. 14, 2021–Kathy OrtonAfter a brief retreat last week, mortgage rates resumed their ascent. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average …
3Q21 Origination Tally: An Increase for BofA, A Decline for Wells Fargo
Inside Mortgage Finance, Oct. 14, 2021–Paul MuoloWells Fargo, the nation’s largest depository mortgage lender, originated a respectable $51.9 billion of residential loans in the third quarter, a 2.4% sequential decline, …