Despite the fastest one-month rise in mortgage rates in nearly 13 years, purchase lock volume climbed 31% from February likely driven by borrowers moving to secure loans before rates rise
The nation's largest wholesale mortgage lender released Q4 and full 2021 earnings Tuesday, revealing it originated a record $226.5B in mortgages last year, up 24% from 2020
Mortgage giants ordered to exempt first-time homebuyers from increases, which could boost private lending
Questions about the future of the mortgage giants remain, but lending industry welcomes veteran regulator to lead FHFA
Redwood Trust, which issues 'jumbo' loans that are off limits to Fannie and Freddie, said in a new critique that costlier markets are better served by private lenders
An 18% increase in conforming loan limit, to $647,200, is the biggest leap in records dating to 1970
Rocket Mortgage and United Wholesale Mortgage — the nation's top 2 lenders — and at least 6 others are raising conforming loan limit to $625K ahead of FHFA announcement
Lenders are betting home prices kept rising in third quarter, and that they'll be able to sell bigger loans to Fannie and Freddie once conforming loan limit officially goes up on Jan. 1
Opinion
Declining affordability and rising income inequality take center stage
Real estate industry warns of credit crunch if thousands of homebuyers are moved into 'jumbo' territory
Fannie and Freddie excluded from proposal
Commentary: Sorry state of housing carries political weight
Senate lawmakers vote to restore Fannie, Freddie, FHA ceilings
Mortgage bankers see surge in demand for refinancings
Executive profile: J. Lennox Scott