Homebuyer purchase loan demand falls again as mortgage rates firm
After picking up during the first 3 weeks of January, MBA lender surveys show applications for purchase loans are contracting, with mortgage rates no longer in free fall from 2023 highs
by Matt Carter Feb 7
The million-dollar question: Do $1M Freddie Mac mortgages conflict with affordable housing mission?
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
by Matt Carter Dec 8
Exterior view of Custom styled home with manicured lawn and landscaping.
Rates on jumbo loans are currently lower than conventional mortgages, but could surge higher in the months ahead
by Matt Carter Jul 12
As mortgage rates drop, loan applications rise 2.9%
The market composite index, which measures mortgage loan application volume, increased by 2.9% on a seasonally adjusted basis. On an unadjusted basis, the index rose by 2.0%
Wells Fargo suspends jumbo mortgages as demand fades
In this uncertain market, demand for jumbo mortgages is declining as more homeowners seek forbearances and investors look to more secure loans during the Covid-19 crisis
DC a national leader in better-than-jumbo mortgages
Loans of $500,000 or more still prevalent, and gaining popularity, in some markets
by Kimberley Sirk Nov 20
SoFi says ‘so what?’ to traditional mortgage lending
Nonbank lender specializes in offering jumbo loans to early-stage professionals with unique financial circumstances
by Amy Tankersley Jul 2
Mortgage credit availability eases up
MBA’s April analysis shows credit standards loosened thanks to new government mortgage offerings
by Amy Tankersley May 12
6 years later and we still can't modify or refinance our mortgage
Predatory lending experience keeps getting worse
by Bernice Ross Dec 2
Accepting last-minute, bait-and-switch offer was the only way to close on time
The recovery depends on housing, and housing depends on mortgage credit
Commentary: Give thanks daily for the Fed and Fannie Mae
by Lou Barnes Nov 1
Regulator's talk of reduced Fannie and Freddie loan limits could not come at a worse time
Real estate industry warns of credit crunch if thousands of homebuyers are moved into 'jumbo' territory
by Ken Harney Oct 21
Couple seeks way to avoid $75K deficiency
by Bernice Ross Jul 7
Time is running out on $729,750 limit
by Jack Guttentag Dec 15