Mortgage Industry News
ATTOM: October’s Foreclosure Filings Up 6% from Last Year
Lenders repossessed 3,332 properties through completed foreclosures (REOs) last month. Continue Reading ATTOM: October’s Foreclosure Filings Up 6% from Last Year
FHA Seeks Input on Proposed HECM Program Update
The new proposal would enable certain categories of due and payable HECMs that were previously ineligible for assignment to be assigned to HUD. Continue Reading FHA Seeks Input on Proposed HECM Program Update
Why higher mortgage rates mark a return to normality
Source: FT Adviser --- Fixed rate mortgages have begun to fall after reaching 6 per cent last year, but remain relatively high, but with the prospect of falling interest rates, some are questioning whether borrowers may revert to tracker mortgages. When compared to...
Fed policymakers call for further rate hikes to beat inflation
Source: Reuters --- Jan 18 (Reuters) - Federal Reserve policymakers on Wednesday signaled they will push on with more interest rate hikes, with several supporting a top policy rate of at least 5% even as inflation shows signs of having peaked and economic activity is...
UWM Continues To Lead The Market Forward With Major Enhancement To Safe Check Program
PONTIAC, January 18, 2023 – United Wholesale Mortgage (UWM), the #1 overall lender in America, announced it has enhanced its Safe Check program, initially launched in October 2022, to provide loan officers more certainty and confidence to pull valid pricing. Now,...
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