Many borrowers will see no difference between yesterday and today’s mortgage rate quotes. The average lender moved just a hair lower. Once again, the rate market is responding to war-related headlines and their impact on oil prices. Rates don’t always care what oil prices are doing, but at present, there’s more correlation than normal due […]
Mortgage Rates Trickle Just a Bit Lower Read More »
LoanDepot is partnering with Figure Technology Solutions to launch a home loan product that they say can approve borrowers in as little as five minutes and deliver funding in as few as five days. Processing Content The Irvine, California-based lender will integrate Figure’s proprietary credit and loan underwriting engine into its own proprietary mello technology
LoanDepot taps Figure to launch 5-minute loan product Read More »
The idea of potentially unwinding all or part of the uniform mortgage-backed securities process has resurfaced in an analysis of government-sponsored enterprise ownership changes. Processing Content The report by capital markets and policy experts who are part of the Treasury Market Practices Group looks more broadly on what potential ownership changes contemplated at the GSEs could portend,
UMBS a key risk in any GSE ownership change: report Read More »