Fixed Mortgage Rates Drop, Could Fall Further
Fixed rates on home loans retreated over the past seven days, and signs point to an even bigger decline in the next report.
Mortgage Lending to Drop 3 Consecutive Quarters
Rates Increase But Could Retreat
The latest economic forecast for real estate finance has residential loan originations declining for three consecutive quarters a total of 38 percent.
Interest rates on residential loans turned higher this past week. But current market conditions suggest mortgage rates could be lower in the next report.
BBT Income Cools, But Mortgage Biz Sizzles
For BB&T Corp., second-quarter mortgage business was good -- with quarter-over-quarter improvement reported in several aspects of the business. But company-wide earnings came up short.
Turnaround Slows on Mortgage Closings
It has been more than two years since it took this long to close a home loan. One factor in the slower turnaround is an improved closing rate.
May Slows for Retail, Wholesale HECM Originators
Retail and wholesale originators of government-insured reverse mortgages suffered a slight setback in May, and the month proved to be no more productive for proprietary lenders.
Mortgage Bankers Admit Defrauding FHA
Three people at a mortgage banking firm in the Miami area have admitted their roles in a massive fraud scheme involving government-insured mortgages.