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Buyers are taking on riskier adjustable rate mortgages as affordability worsens
Fox Business via Yahoo Finance· 2 days agoAmerican homebuyers are taking on riskier adjustable rate mortgages to address affordability...
Rocket delivers $291M profit amid improved margins and MSR acquisitions - HousingWire
HousingWire· 17 hours agoRocket Companies, the parent of Rocket Mortgage, delivered a profit in the first quarter of 2024 through initiatives to reduce costs and increased investments in artificial ...
Federal Home Loan Mortgage Corp (FMCC) Q1 2024 Earnings Call Transcript Highlights: Strong ...
GuruFocus.com via Yahoo Finance· 1 day agoFMCC reports a significant rise in net income and continued support for first-time homebuyers, despite facing headwinds from higher mortgage rates and cooling house prices.
MBA: Mortgage Applications Decreased in Weekly Survey
Calculated Risk· 2 days agoMortgage applications decreased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage ...
Cantor’s Howard Lutnick says Fed will ‘show off’ with one rate cut in September
Market Watch· 2 days agoA third of maturing commercial real-estate loans are ‘totally underwater,’ Lutnick says
2023: A Terrible, Horrible, No Good, Very Bad Year For Mortgage Bankers
National Mortgage Professional· 4 days agoLast week the Mortgage Bankers Association (MBA) released its Annual Mortgage Bankers Performance Report for 2023, showing 36% of reporting institutions ...
Fannie Mae profits grow to $4.3B in Q1 2024
HousingWire via Yahoo Finance· 3 days agoDespite the struggles of its independent mortgage bank counterparties, Fannie Mae delivered $4.3 billion in net income during the first quarter of the...
Cantor's Howard Lutnick says Fed will 'show off' with one rate cut in September
Morningstar· 2 days ago"I'm thinking one cut in September - just to show off." That was Howard Lutnick, Cantor Fitzgerald's chief executive, speaking Wednesday about the Federal Reserve's likely next step on interest ...
How to Pay Off Your Mortgage Early, Finance Experts Say
Best Life· 5 days agoThis can be especially beneficial if interest rates were high at your time of purchase. If you have...
Higher Interest Rates Stick Around
Morningstar· 1 day agoIvanna Hampton: Higher interest rates are sticking around for longer. While Fed Chair Jerome Powell didn’t seem worried about the inflation outlook, he...
