Financing

Revolutionizing the Online Mortgage Experience

November 19th, 2021
Tim Grant, a REALTOR® with Better Homes and Gardens Real Estate Metro Brokers in Newnan, Georgia, has been a huge proponent of Rocket Mortgage with his customers since working with the lender to finance his own home purchase. “The process...

Rate Locks Down in November, Refinance Mix Lowest Since June 2021

December 14th, 2021
Overall rate locks decreased 4.7% from October, primarily driven by a 9.4% dip in rate/term origination activity, according to the most recent Black Knight, Inc. Originations Market Monitor report, which analyzed mortgage origination data through November 2021. Key findings: Rate/term refinance lending has...

Bankrate Issues 2022 Mortgage and Home Equity Rate Predictions

January 4th, 2022
Bankrate recently released its 2022 mortgage and home equity rate predictions, predicting another active year despite the ongoing pandemic. Here’s what Bankrate Chief Finance Analyst Greg McBride is forecasting for the year. Key predictions: HELOC rates are going to mimic...

Mortgage Applications Up in November, With Refis Making Up More Than Half of the Share

November 26th, 2021
Mortgage applications increased 1.8% for the week ending Nov. 19, 2021, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The refinance share of mortgage activity increased to 63.1% of total applications from 62.9% the previous week. The...

September Saw Decreases in Delinquencies Across the Board

December 14th, 2021
In September, 3.9% of all mortgages in the U.S. were 30 days or more past due, with some in foreclosure, according to the latest Loan Performance Insights report from CoreLogic. This represents a 2.4-percentage point decrease compared to September 2020, when...

Rocket Companies Announces Key Leadership Changes

January 5th, 2022
Rocket Companies recently announced a series of promotions and leadership changes to further the company’s trajectory of success. Jay Farner, vice chairman and CEO of Rocket Companies and previous CEO of Rocket Mortgage, will assume the title of CEO for...

Guaranteed Rate Raises More than $5 Million to Support Mental Health

November 29th, 2021
Guaranteed Rate has announced it raised more than $5 million in just five days to make a direct impact on mental health in partnership with the American Foundation for Suicide Prevention, Project Healthy Minds and Wounded Warrior Project® (WWP). “One...

Freddie Mac: Mortgage Relief Options Available for Those Affected by Tornado Outbreaks

December 15th, 2021
Freddie Mac recently reminded homeowners and mortgage servicers of its immediate disaster relief options for those affected by the outbreak of tornadoes in Kentucky and the surrounding areas. “We encourage everyone to make their safety the priority,” said Bill Maguire,...

Mortgage Applications Down for the Holidays

January 5th, 2022
Mortgage applications decreased 2.7% from two weeks earlier for the week ending Dec. 31, 2021. According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, the Market Composite Index, which measures the mortgage loan application volume, decreased 2.7% on...

IMB Production Profits Increase in Q3 2021

December 1st, 2021
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $2,594 on each loan they originated in the third quarter of 2021, up from a reported gain of $2,023 per loan in the second quarter...
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