Inside Mortgage Finance, Aug. 30, 2024–Brandon IveyBanks are pulling back on mortgage servicing for others, according to a recent Inside Mortgage Trends report.Click here for more (subscription)
Category: Top National News
How Homebuyers Can Use ‘Pledged’ Assets and Put Just 10% Down
Orange County Register, Aug. 29, 2024–Jeff LazersonPledged assets, including cash, stocks, bonds and mutual funds, can serve as collateral in exchange for a lower down payment.Click here for more
‘Soft Landing’ Gets a Boost From New Data
The Wall Street Journal, Aug. 29, 2024-Corrie Driebusch and Will ParkerThe U.S. economy grew more than previously thought in the second quarter, data released Thursday showed, bolstering the case that …
Two Less-Obvious Ways the Fed Made Mortgages Pricier
Axios, Aug. 27, 2024-Neil IrwinThe Federal Reserve has pushed mortgage rates higher not just through its much-discussed interest rate policy decisions, but through two less widely understood channels, a new …
When Rates Skyrocketed, Mortgage Servicing Reset the Board. The Next Battle Is About to Begin
HousingWire, Aug. 26, 2024-Flávia Furlan NunesWhen interest rates began skyrocketing more than two years ago, mortgage companies faced a pivotal decision regarding a crucial part of their business: the servicing …
Freddie Sharpens Guidelines for Self-Employed Borrowers
Inside Mortgage Finance, Aug. 26, 2024–Dennis HollierFreddie Mac is tightening up a bit when it comes to underwriting guidelines for self-employed borrowers.Click here for more (subscription)
Credit Scores are One of the Key Factors in Whether a Homebuyer Will Qualify for a Home Loan
Orange County Register, Aug. 22, 2024–Jeff LazersonSo, you want a buy a house. Many people often ask me about the evaluation process. What does it take?Click here for more
Wells Fargo to Sell Bulk of Commercial Mortgage-Servicing Business to Trimont
The Wall Street Journal, Aug. 20, 2024-Gina HeebWells Fargo will sell the bulk of its commercial mortgage-servicing unit to Trimont for an undisclosed amount, the companies said Tuesday.Click here for more …
Why Philadelphia Is Bucking a Nationwide Surge in Evictions
The Wall Street Journal, Aug. 26, 2024-Will ParkerMercedes Peterson was half-asleep on a hospital bed when an email from her landlord arrived. “I have to start the eviction process,” he wrote. …
Home Equity Study Finds Robust Capital Markets, Higher HELOC Volume
Home Equity Lending News, Aug. 19, 2024After three consecutive quarters of slowing, the origination of home-equity lines of credit turned higher — though lending levels pale compared to available equity. …