Mortgages

Mortgage Changes Could Make It Harder For Low-income Home Buyers In Hawaii

The HomeReady program was launched in late 2015 to boost homeownership rates.

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Pmt Vs. Lmrk: Which Stock Is The Better Value Option?

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PennyMac Mortgage Investment Trust (PMT): Free Stock Analysis Report Landmark...

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Mortgage Loan Rates Fall To 2-year Low, Mortgage Applications Rise Only Slightly

Applications for new mortgages rose slightly last week even though mortgage loan rates on a 30-year conventional loan have fallen to levels not seen since September 2017.

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Freddie Mac: Mortgage Serious Delinquency Rate Decreased In May

Freddie Mac reported that the Single-Family serious delinquency rate in May was 0.63%, down from 0.65% in April. Freddie's rate is down from 0.87% in May 2018.Freddie's serious delinquency rate peaked in February 2010 at 4.20%.This is the lowest...
Related topics: Freddie Mac

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Tuesday: New Home Sales, Case-shiller House Prices, Fed Chair Powell Speech

From Matthew Graham at Mortgage News Daily: Rates Catch a Break to Remain Near Long-Term LowsMortgage rates were generally flat today, depending on the lender. Some were noticeably better while others were a hair worse. In both cases, rates are...
Related topics: Fed

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Detroit Golf Club Workers Threaten Strike If No Deal Reached Before Rocket Mortgage Classic

Detroit Golf Club groundskeepers are calling for new contract ahead of this week's Rocket Mortgage Classic on the PGA Tour.       

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Here Are The Most Debt-ridden Places In California 

A new report from LendingTree analyzed thousands of MyLendingTree users' anonymized credit reports in 165 metropolitan cities across California reveals the most debt-ridden places in the state. LendingTree found the highest median non-mortgage...

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Black Knight: Another Record Low For Mortgage Delinquencies In May

From Black Knight: Black Knight’s First Look: Continued Improvement Pushes Mortgage Delinquencies to New Record Low in May; Prepayment Activity Doubles Over Past Four Months• The national delinquency rate has fallen for the third consecutive...

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Should Value Investors Pick Pennymac Mortgage (pmt) Stock?

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PennyMac Mortgage Investment Trust (PMT): Free Stock Analysis Report To read this...

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Fintech Algorithms Discriminate 40% Less Than Traditional Lenders

Algorithmic fintech lending is less discriminatory against minorities than traditional loan officers, according to a recent study of US mortgages. The findings signal hope that technology could provide financing that’s more fair, but the...
Related topics: Algorithms

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Shariah Law Makes A Comeback In Ontario

Two Muslim men — an activist turned Shariah mortgage seller and an Islamic cleric who sold his Islamic seal of approval on such mortgages — were acquitted on Friday of a dozen criminal charges by an Ontario Superior Court judge who validated...
Related topics: Activism

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Mba: Mortgage Applications Decreased In Latest Weekly Survey

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly SurveyMortgage applications decreased 3.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the...
Related topics: Polls

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Wednesday: Fomc Announcement

Here is my FOMC preview. The consensus is that there will no change in policy at the FOMC meeting this week, but that the Fed might take a more dovish tone.Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the...
Related topics: FOMC, Fed

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Mortgage Rates Have Dropped Sharply — Should You Refinance?

Mortgage rates have dropped sharply over the past few months, giving millions of homeowners an opportunity to refinance into a more affordable loan. The average rate on a 30-year fixed mortgage fell to 4.04% on June 12, according to Bankrate’s...

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Adding To Planetary Alarm Bells, Top Us Finance Official Warns Climate Crisis A Recipe For Global...

Jessica Corbett, staff writerDemanding action from industries and government, a top federal regulator warned this week that the human-caused climate emergency poses a threat to the economy which rivals the subprime mortgage meltdown that led to the...

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Tuesday: Housing Starts

From Matthew Graham at Mortgage News Daily: Mortgage Rates Stay Flat, But Risks Will Increase From HereMortgage rates were only modestly higher today. Most lenders were still quoting the same rates compared to Friday with the only difference being...

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Can Value Investors Pick Cherry Hill Mortgage (chmi) Stock?

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cherry Hill Mortgage Investment Corporation (CHMI): Free Stock Analysis Report To...

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Half Of Americans Aren't Taking Advantage Of This Smart Way To Pay Off Debt

Nearly everyone carries some form of debt, whether it's a mortgage, student loan, car loan, or credit card debt. However, not everyone fully understands how their debt affects their finances -- or whether they're in debt at all. A survey from U.S....
Related topics: Credit Cards, Polls

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2.2 Million Homes In America Still Have Negative Equity, Despite Record High Prices

As the boom in mortgage applications and refinancing activity last week would suggest, the return of interest rates toward multi-year lows this year is helping to pump more froth into the already bubblicious American housing market. But while...

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Succinct Summation Of Week’s Events For 6.14.19

Succinct Summations for the week ending June 14th, 2019 Positives: 1. MBA mortgage apps rose 10.0% w/o/w, greater than previous decrease of 2.0%. 2. MBA mortgage refinance apps rose 47.0% w/o/w, greater than previous 6.0% increase. 3. Job openings...

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