Mortgage lender suspends its quarterly dividend after posting a $91.3 million first quarter loss
Lenders saw much of what was left of their refinancing business evaporate as rates climbed to their highest levels in nearly 13 years
Uptick in loan requests is 'potentially a good sign for the spring home buying season, which has seen a slow start thus far' says MBA forecaster Joel Kan
Although Wells Fargo executives did not explicitly mention impending layoffs during a Q1 earnings call on Thursday, the company has been closing branch offices
High home prices are expected to drive a record $1.72 trillion in purchase mortgage originations in 2022, even though rising mortgage rates could put a dent in sales of existing homes
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
First-time homebuyers who rely on government mortgage programs are 'increasingly challenged' by rapid home price increases and higher mortgage rates
Loan activity dropped 11%, the fastest rate of decline since 2019, according to Attom Data Solutions. Refinance, purchase, home-equity mortgages were down in the fourth quarter of 2021
CEO Anthony Hsieh sees opportunity to grow market share as mortgage industry shifts to providing more loans to homebuyers
Average purchase loan request hits record $418,500, and falling demand for FHA and VA mortgages suggests first-time buyers are being priced out
Fannie Mae forecasts rising mortgage rates and home prices will dent existing home sales by 3.2%
Demand for purchase loans fell to a seasonally adjusted 4% from 2 weeks ago, and 12% from a year ago, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey
Opinion
From low interest rates to the ongoing pandemic, a number of factors have come together to create the current inventory crisis
Prospect of higher monthly mortgage payments for homebuyers and impact on affordability also a concern, according to an analysis of mortgage pipeline data by Black Knight
Rise in FHA purchase applications suggests more first-time buyers are navigating high prices, tight inventories