News

Articles in "Lending"

May 15, 2013 06:00 AM
Mortgage applications retreat after steady climb

Mortgage applications retreated this past week as refinancing and home purchase filings slowed.

The volume fell 7.3% from a week earlier when analyzing the survey period...

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May 15, 2013 07:20 AM
DeMarco: FHLBanks should grow involvement in secondary market

As the debate on housing finance reform moves forward, more attention will be paid to the activities of the Federal Home Loan Banks, and how these institutions fit into the future...

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May 14, 2013 03:30 PM
DeMarco: FHLBanks should grow involvement in secondary market

As the debate on housing finance reform moves forward, more attention will be paid to the activities of the Federal Home Loan Banks, and how these institutions fit into the future...

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May 13, 2013 03:56 PM
Navy Federal Credit Union continues to roll with no-money-down mortgages

Navy Federal Credit Union continues to offer no-money-down mortgages in a market where the perceived risk alone is enough to cause risk-wary lenders to back away.

But Navy Federal, which first opened its doors to customers affiliated with the military in 1933, held strong...

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May 13, 2013 01:51 PM
Navy Federal Credit Union continues to roll with no-money-down mortgages

Navy Federal Credit Union continues to offer no-money-down mortgages in a market where the perceived risk alone is enough to cause risk-wary lenders to back away.

But Navy Federal, which first opened its doors to customers affiliated with the military in 1933, held strong...

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May 13, 2013 12:29 AM
Monday Morning Cup of Coffee: California housing market tightens, FDIC closes 2 banks

Monday Morning Cup of Coffee is a quick look at the news coming across the HousingWire weekend desk, with more coverage to come on bigger issues.

Rep. Maxine Waters' disconnected feelings toward the financial industry have eased up, The New York Times...

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May 12, 2013 11:05 PM
Monday Morning Cup of Coffee: California housing market tightens, FDIC closes 2 banks

Monday Morning Cup of Coffee is a quick look at the news coming across the HousingWire weekend desk, with more coverage to come on bigger issues.

Rep. Maxine Waters' disconnected feelings toward the financial industry have eased up, The New York Times...

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May 9, 2013 04:19 PM
Lower credit scores disappear from housing market: Fed governor

Originations for borrowers with credit scores below 620 mostly disappeared in recent years, eliminating low credit scores from the housing market, Elizabeth Duke, member of the Board of Governors for the Federal Reserve System, said...

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May 9, 2013 09:00 AM
Fixed-mortgage rates reverse, edge higher: Freddie Mac

Fixed-mortgage rates reversed coursed and moved higher for the first time in six weeks amid April’s better than expected employment report, Freddie Mac said in a report Thursday.

The 30-year, fixed-rate mortgage came in at 3.42%, up from 3.35% last week, but down from 3....

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May 9, 2013 08:55 AM
Fixed-mortgage rates reverse, edge higher: Freddie Mac

Fixed-mortgage rates reversed coursed and moved higher for the first time in six weeks amid April’s better than expected employment report, Freddie Mac said in a report Thursday.

The 30-year, fixed-rate mortgage came in at 3.42%, up from 3.35% last week, but down from 3....

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May 8, 2013 08:39 AM
Walker & Dunlop 1Q profit more than doubles

Walker & Dunlop more than doubled its 2013 first-quarter revenue, which soared to $69.2 million compared to $34.4 million for the same period a year earlier.

The spike in revenue is attributed to a 157% increase in loan originations and a 118% rise in the servicing...

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May 8, 2013 08:07 AM
Walker & Dunlop 1Q profit more than doubles

Walker & Dunlop more than doubled its 2013 first-quarter revenue, which soared to $69.2 million compared to $34.4 million for the same period a year earlier.

The spike in revenue is attributed to a 157% increase in loan originations and a 118% rise in the servicing...

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May 8, 2013 05:50 AM
Elevated refi activity pushes mortgage applications higher

Mortgage applications increased 7% for the week ending May 3 when compared to a week earlier, an industry trade group said Wednesday.

The steeper jump comes after only...

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May 7, 2013 10:23 AM
Low interest rates fuel February HARP refinancings: FHFA

A little more than 97,700 Fannie Mae and Freddie Mac mortgages refinanced through the Home Affordable Refinance Program (HARP) in February, representing 21% of the total refinance volume, the Federal Housing Finance Agency said...

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May 7, 2013 10:47 AM
Loan officers, banks tighten FICO standards

Obtaining a mortgage with a FICO score in the 620 range is more difficult in today's lending environment, the Federal Reserve concluded in its April survey of loan officers and bank lenders.

The Federal Reserve polled a little under 100 banks and found 32 of respondents...

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