Mortgages Pre-approval Principal 
Housing Wire
AUGUST 4, 2022
Two years after acquiring RoundPoint Mortgage Servicing , Freedom Mortgage Corp. has inked a deal to sell the nonbank mortgage servicer to Matrix Financial Services Corp. another leading mortgage servicer and a wholly owned subsidiary of real estate investment trust Two Harbors Investment Corp. million premium.
Housing Wire
SEPTEMBER 22, 2022
Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% Will Savage, an LO at PMC Mortgage. Before the Federal Reserve raised the federal funds rate by 0.75
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Housing Wire
NOVEMBER 9, 2022
While mortgage rates are high and economic uncertainty looms, there is good news for borrowers who already have a mortgage and may be looking to tap into their equity. The average mortgage holder is up by more than $92,000 compared to the start of the pandemic. But which is the best option for your borrower? Read on to find out.
Housing Wire
DECEMBER 13, 2024
While buyback volumes remain well below their 2022 peak, they are still elevated compared to pre- pandemic levels. The added cost pours salt in the wound for credit unions, banks, and independent mortgage bankers , who are already recording average pre-tax losses of $534 per loan origination.
Housing Wire
MARCH 3, 2022
As economic factors continue to affect borrowers and the risk of delinquency rises, mortgage servicers need to be proactive in helping borrowers navigate their situation and loss mitigation options. The modification must be made no later than 18 months after the date in which the COVID-19 national emergency ends, without VA pre-approval.
Housing Wire
JULY 21, 2022
Recent pleadings filed in the bankruptcy case of First Guaranty Mortgage Corp. He also contends in his court pleadings that the amounts advanced under the warehouse lines are secured by “mortgage loans, cash and related collateral.”. One is the warehouse line — set up to facilitate FGMC’s funding of mortgage loans.
Housing Wire
JUNE 16, 2022
The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. The sharp decline in mortgage rates during the COVID-19 pandemic fueled the U.S.
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