Category: Mortgage Industry News

The bank, under recent stress, is taking steps to sell off a portion of its assets as a means to enhance the strength of its capital position.

The updates for the Selling Guide in February include revisions to the qualifying Adjustable Rate Mortgage (ARM) interest rate by the Government-Sponsored Enterprises (GSE). Additionally, an extra decade has been added to the term for cash-out refinancing when it comes to manufactured homes.

Thirty-two organizations focused on housing have unveiled their “Blueprint 2024”, a document stipulating prospective strides that the agencies’ Duty to Serve strategies can undertake.

Embrace Home Loans, an autonomous mortgage lending institution, has elevated Ryan “Buddy” Hardiman to the role of president.

The past president of EQA Mortgage is now applying his proficiency to the specialized non-QM unit of Summit Funding.

FOA, a foremost provider of reverse mortgages, expressed gratitude towards Blackstone for their sustained backing. It came as the industry sets its sights on forging a fresh trajectory in 2024.

Welcome to the recently launched Mortgage Rates Center, an invaluable tool for housing industry professionals. This platform provides access to current mortgage rate data and crucial insights to aid comprehension and facilitate informed decision-making.

Anticipations are high within banking institutions for a surge in the demand for mortgages projected to span across the entire loan spectrum in 2024. This surge is largely attributed to predicted reductions in the rates.

Insellerate, a provider of customer relationship management solutions, has recently redesigned its user interface (UI) to enhance user experience and increase efficiency.

The grievance asserts that FNB did not offer mortgage services primarily to African American and Hispanic communities located in the cities of Charlotte and Winston-Salem in North Carolina.