Rising rates took their toll not only on refinancing but on homebuyer demand for purchase loans in June, according to an analysis of rate lock…
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As demand picks up for government loans favored by entry-level buyers, the average purchase mortgage request has shrunk by 10 percent, to $413,500. Source: Inman…
First-time homebuyers who rely on government mortgage programs are “increasingly challenged” by rapid increases in home prices and higher mortgage rates. Source: Inman News
Government agencies are looking to better quantify risks from climate change, a step with implications for government-backed home loans. Source: Inman News
Rising mortgage rates have curbed demand for refinancing and purchase loans after inflation worries pushed rates to highest levels since July. Source: Inman News
Mortgage lenders are more likely to turn down homebuyers of color than white applicants with similar attributes, and algorithms are likely to blame, according to…
Lenders can use borrower’s actual monthly student loan payment when calculating their overall debt burden. Source: Inman News
At 4.5 percent, the mortgage forbearance rate is 18 times higher than before the pandemic, but much improved from a high of 8.55 percent in…
After throwing in the towel on a $2.7 billion merger, Genworth considering spinning off its mortgage insurance division. Source: Inman News
Analysts say unemployment will continue to be an ongoing issue even as the pandemic subsides. Source: Inman News