Lending

Rocket Mortgage Partners With Salesforce

November 3rd, 2021
Rocket Mortgage announced a partnership with Salesforce to make the company’s mortgage origination technology available to banks, credit unions and other financial institutions nationwide through Salesforce Financial Services Cloud. “Today’s news displays what is possible with the Rocket platform and...

FHFA Announces Conforming Loan Limits for Fannie and Freddie Mortgages

December 1st, 2021
The Federal Housing Finance Agency (FHFA) has announced the conforming loan limits (CLLs) for any mortgages acquired by Fannie Mae and Freddie Mac in 2022. Throughout most of the U.S., the 2022 CLL for one-unit properties will be $647,200—up $98,950...

Non-Profit Bidders Buy More Than 800 Mortgage Notes at HUD Vacant Loan Sale

December 15th, 2021
The U.S. Department of Housing and Urban Development’s (HUD) Office of Asset Sales recently announced that 23 mission-driven non-profit organizations successfully participated—and 11 were awarded pools—in its Dec. 1, 2021, competitive bid HUD-held Vacant Loan Sale (HVLS 2022-1). Collectively, these organizations...

Uptick in Employee Cuts Expected in Lending Industry Amid Refi Drop

February 7th, 2022
After two years of an uncanny housing boom, forecasts are pointing toward a more stabilized housing market for 2022 as mortgage rates continue to climb along with home prices. While the return to seasonality hasn’t worried real estate professionals who...

Fannie and Freddie Loans in Forbearance Drop Below 1%

November 2nd, 2021
The total number of loans now in forbearance decreased by 6 basis points to 2.15% of servicers’ portfolio volume as of Oct. 24, 2021. According to the Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey, 1.1 million homeowners...

Should You Sell Your Home If You Owe More Than It’s Worth?

December 2nd, 2021
While people buy homes with the intent to build equity, life happens and sometimes homeowners end up underwater, upside down or with negative equity. What do these terms mean? The balance owed on the mortgage is more than the house...

Mortgage Rates Inch Up Following Fed Policy Changes

December 17th, 2021
The 30-year fixed-rate mortgage (FRM) averaged 3.12% for the week ending Dec. 16, according to Freddie Mac’s latest Primary Mortgage Market Survey®. Mortgage rate details: The 30-year fixed-rate mortgage averaged 3.12% with an average 0.6 point, up from last week when...

Commercial and Multifamily Lending Set to Hit $1 Trillion This Year

February 15th, 2022
Commercial and multifamily mortgage borrowing and lending is on the precipice of surpassing the $1 trillion mark for the first time in 2022. According to a new forecast released by the Mortgage Bankers Association (MBA), there was a 13% increase...

Year-End Outlook: Climbing Mortgage Rates Strain Buying Power in 2022

November 3rd, 2021
Editor’s Note: RISMedia’s Year-End Outlook series provides an in-depth analysis of the housing market’s leading indicators for economic health, and showcases expert insights on what’s to come in 2022.  Homeowners will likely look at the past year of mortgage rate...

Mortgage Rates Stable Heading Into Continued Pandemic Uncertainty

December 3rd, 2021
The 30-year fixed-rate mortgage (FRM) averaged 3.11% for the week ending Dec. 2, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS). Mortgage details: The 30-year fixed-rate mortgage averaged 3.11% with an average 0.6 point for the week ending Dec. 2, 2021, up...
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