MBA President Bob Broeksmit offered his thoughts on the 2024 election and how the results could shape mortgage rates and regulations.
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The downward movement in mortgage rates over the past few months accelerated last week as a cooler-than-expected jobs report and indications of a Federal Reserve rate cut led to a steep drop in loan pricing.
Industry experts say both parties have a correct diagnosis of the problems facing real estate and mortgage, but their potential solutions are quite different.
Mortgage rates fell on the back of recent statements by Fed Chair Jerome Powell, fueling speculation of a cut in September.
A survey of mortgage default servicing leaders revealed that foreclosures are expected to rise slowly during the second half of 2024, while ample amounts of home equity should keep many properties in loss mitigation from moving into foreclosure status.
The V.A. issued guidance to strongly encourage servicers to extend the moratorium while they implement a program to help struggling veterans.
Economists at Bank of America and the Mortgage Bankers Association have new forecasts for this year and next. We look at mortgage rates, origination volume and MBS market forecasts.
To deliver a profit, Blend used a $150 million preferred equity investment from Haveli Investments and paid down the balance of its outstanding debt.
Fairway’s reverse mortgage leadership talks about areas of focus to enhance the business and driving more industry engagement in 2024.
Mortgage rates are expected to stay higher for longer and production volume won’t improve significantly, according to industry experts.
If mortgage rates fall to a projected 6% by the end of 2024, 33% of loans originated in 2023 can save a full percentage point or more
Rocket Pro TPO, the wholesale arm of Rocket Mortgage, hopes to woo brokers with a slew of product enhancements and services.