Home | National Mortgage News
WEB5 days ago · 20 credit unions with largest portfolios of first mortgage loans. The top five credit unions have combined first mortgage loans and lines of credit of more than $104 billion as of June 30. News analysis and perspective from National Mortgage News, an award-winning comprehensive digital resource serving the entire residential mortgage …
How the home price forecast is changing | National Mortgage News
WEBSeptember 06, 2024, 4:11 p.m. EDT 2 Min Read. Experts raised their home-price growth projections for 2024 largely due to supply issues, but cost trends appear likely to maintain their current downward trajectory. Spencer Lee. Reporter, National Mortgage News.
Mortgages for new homes see summer resurgence
WEBAug 16, 2024 · Renewed interest in the new single-family residential market was "helped by sustained demand for new homes and declining mortgage rates," said Joel Kan, MBA vice president and deputy chief economist in a press release.
2021's Top Producers, Nos. 1-50 - National Mortgage News
WEBApr 12, 2021 · For the first time in the 23-year history of National Mortgage News' survey, there is a billion dollar producer at the top of the list. Christopher Gallo, a senior loan officer at NJ Lenders Corp. in Ho-Ho-Kus, N.J., logged …
Mortgage underwriting points to recent loosening criteria
WEBApr 12, 2024 · Over a two-year span between the fourth quarters of 2021 and 2023, the median front-end debt-to-income ratio for new originations at the largest banks increased by five percentage points and now sits at the highest mark in over a decade at 27%, researchers at the Federal Reserve Bank of Philadelphia said.
Fannie Mae ups forecast to two Fed rate cuts this year
WEBThe MBA July forecast for 2024, which came out on July 19, also was reduced from the prior month, but by $19 billion versus the $12 billion change at Fannie Mae. Its purchase dollar volume prediction is now $1.346 trillion, versus $1.374 trillion one month earlier. But the 2024 refi outlook is $9 billion higher at $431 billion.
2021 mergers and acquisitions in the mortgage industry | National ...
WEBDec 26, 2021 · The $9.2 billion-asset Veritex said in a press release that it will pay $53.9 million in cash for a 49% stake in Thrive. The deal is expected to close in the middle of 2021. Thrive operates in several states, including Texas, Ohio, Colorado, Kentucky, North Carolina, Kansas, Virginia, Florida, Maryland and Indiana.
Fresh forecasts find economists bullish on Fed rate cuts | National ...
WEBAug 21, 2024 · Economists bullish on Fed rate cuts but less certain of boost to home sales. By Brad Finkelstein. August 21, 2024, 1:13 p.m. EDT 3 Min Read. Mortgage industry economic forecasts have turned bullish on their rate outlooks, but that might not be enough to drive home sales higher than previously expected in the next two years.
Mortgage players confirm more sweeping layoffs
WEBAugust 08, 2022, 3:56 p.m. EDT 3 Min Read. Many more mortgage professionals are unemployed after a slew of companies from a fintech startup to publicly traded industry leaders revealed layoffs. Andrew Martinez. Reporter, National Mortgage News. For reprint and licensing requests for this article, click here. Industry News. Mortgage applications.
Mortgage activity falls to its lowest point since 2000
WEBJul 20, 2022 · Mortgage rate averages among MBA lenders continued to exhibit the see-saw action seen throughout much of the summer. After sitting at 5.74% for two weeks running, the 30-year fixed-rate average for loans with conforming balances of $647,200 or less headed back upward, increasing to 5.82%.