Amid recent reporting that President Trump is weighing a $500 billion stock offering for Fannie Mae and Freddie Mac and that he might be considering a merger of the two mortgage giants, Mortgage Bankers Association‘s CEO and President Bob Broeksmit authored a blog post highlighting the benefits of having two government-sponsored enterprises (GSEs). In his […]
MBA’s Bob Broeksmit sees risks in merging Fannie and Freddie Read More »
The underlying bond market (which dictates the rates offered by mortgage lenders) weakened moderately overnight. Weaker bonds equate to higher rates, all else equal. “Higher rates” is contrary to many media outlets’ coverage this week, but there’s an important reason. Most news organizations that cover mortgage rates rely on Freddie Mac’s weekly rate survey for
Mortgage Rates Were Flat All Week No Matter What Other News Suggests Read More »
Lenders evaluating residential properties often overlook the influence of surface-level features that directly affect valuation outcomes. Flooring is one of the first elements an appraiser notices, often shaping their perception of a home’s overall maintenance, quality, and appeal. Poorly chosen or inconsistently installed flooring materials can introduce uncertainty that undermines final estimates. Loan originators, brokers,
How flooring choices affect mortgage appraisals Read More »
Mortgage lenders face significant risks when financing properties with compromised roofing systems. A damaged roof creates immediate financial exposure through reduced property values and potential structural hazards that threaten loan security. Smart lenders recognize that thorough roof assessments protect both borrowers and lending institutions from expensive surprises after closing. Understanding these roof red flags every
Roof red flags every mortgage lender should know Read More »
Equity Prime Mortgage is defending its lending practices after a federal regulator terminated some of its regional approvals following a data analysis review. The Department of Housing and Urban Development won’t allow EPM to submit Federal Housing Administration loans in six eastern jurisdictions, it disclosed Thursday. The terminations relate to certain elevated default and claim
Equity Prime Mortgage fires back at HUD’s FHA prohibitions Read More »
The Mortgage Bankers Association’s chief issued a reminder of why it has opposed merging two influential government-sponsored loan buyers as federal officials signaled momentum in pursuing a public offering. “Creating a government-conferred monopoly would diminish innovation, degrade service to market participants and heighten systemic risk,” MBA President and CEO Bob Broeksmit said in a blog
Why MBA is renewing opposition to a Fannie-Freddie merger Read More »
Rows of houses stand in Las Vegas, Nevada, U.S., as seen in this aerial photo taken on Tuesday, Sept. 22, 2009. Photographer: Jacob KeplerJacob Kepler/Bloomberg The housing market is edging toward becoming buyer friendly, as inventory reached multi-year highs and purchase demand remained strong last month, according to HouseCanary’s latest Market Pulse Report. Total for
Inventory, demand continue to improve in housing market Read More »
Mortgage correspondent lender LitFinancial has launched a stablecoin on an Ethereum blockchain with the initial aim of improving its treasury efficiency and reducing its cost of capital. Lit, based in Troy Michigan, is working with Brale, a stablecoin-as-a-service platform, and Stably, a stablecoin advisory firm, on the new token which is named litUSD. Brale is
LitFinancial turns to crypto for mortgage funding Read More »
Mortgage credit availability inched upward in August, continuing in a direction that indicates some stabilization in the mortgage market, according to the Mortgage Bankers Association. The MBA’s Mortgage Credit Availability Index increased 0.1% to 104 last month. The report follows July’s marginal rise of 0.2% and marks two consecutive months of gains after a 1.3%
ARMs drive slight boost in credit availability Read More »
After talking with and interviewing hundreds of mortgage professionals, I can say with certainty: the loan officers who win in this market aren’t the ones with the best/lowest rates.They’re the ones who know their database. The reality is most loan officers treat their database like a phone book. Names and emails stored away, touched only
Winning starts with your database Read More »