Inflation Is Back in a Big Way: What That Means for Borrowers and Mortgages

December 20th, 2021
(TNS)—Inflation hit 6.8% in November, its loftiest level since the long-ago era of Reaganomics and America’s war on inflation. If prices continue to soar, mortgage rates will head higher, too. But there’s a silver lining to this cloud for borrowers...

Commercial and Multifamily Borrowing Up 119% in Q3

November 4th, 2021
Commercial and multifamily mortgage loan originations were 119% higher in Q3 compared to last year, increasing 19% from the second quarter, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. The details: – All property...

Cover Story: Technology and People Team Up

December 6th, 2021
Rocket Mortgage® Elevates the Real Estate Agent Experience and Helps Clients Achieve Homeownership More Easily The thrill that comes with buying a home is indisputable. But, so often, stress also comes with it. Even in the best of times, achieving...

Rocket Companies to Acquire Personal Finance App, Truebill

December 21st, 2021
Rocket Companies recently announced it has entered into an agreement to acquire Truebill, a personal finance app that helps consumers manage their financial lives, for $1.275 billion in cash. Truebill allows consumers to manage subscriptions, improve credit scores, track spending...

Mortgage Rates Fall Slightly, But Still Above 3%

November 5th, 2021
The 30-year fixed-rate mortgage (FRM) averaged 3.09% for the week ending Nov. 4 according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). Mortgage details: – 30-year fixed-rate mortgage averaged 3.09% with an average 0.7 point, down from last week when...

Fannie Mae Announces Leadership Changes

December 6th, 2021
Fannie Mae recently announced the appointment of Chryssa C. Halley to executive vice president and chief financial officer (CFO). In this role, Halley reports to the Fannie Mae President and is responsible for Fannie Mae’s financial management and economic and...

Billion-Dollar Loan Officer Shares Path to Success

December 21st, 2021
For the mortgage industry, 2021 was something of a feeding frenzy. Both refinances and new purchase loans broke records as interest rates sat at historic lows. Even under these positive market conditions, however, success was not guaranteed, and it took...

Rocket Companies Releases Q3 Results

November 8th, 2021
Rocket Companies, Inc. announced results for the third quarter of 2021. “We had an excellent third quarter, as we executed on our mission to remove friction from life’s complex moments. Our core mortgage business exceeded the high end of guidance...

Real Estate Q&A: How Can I Restore my Credit After Ex-Spouse Skipped Mortgage Payments?

December 7th, 2021
(TNS)—Q: After I was divorced, the court awarded our home to my ex-spouse and ordered him to refinance the mortgage to get me off of it. He has not refinanced the property several years later and pays the mortgage inconsistently,...
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