Housing Wire
JANUARY 10, 2024
Rapidly expanding Cleveland, Ohio-based CrossCountry Mortgage (CCM) has struck a deal to acquire the smaller retail mortgage lender AmCap Home Loans and bolster its operations in Texas. In November, the source added that CCM originated about 340 units and $112 million in mortgage volume in the state. billion in loans in 2023.
Housing Wire
MAY 13, 2024
A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. historical dataset. that use trended credit bureau data.
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Housing Wire
OCTOBER 21, 2020
At its Annual event Wednesday, Mortgage Bankers Association Chief Economist Mike Fratantoni forecast that interest rates could rise in the year to come, but that they will remain near all-time lows. The chart below shows interest rates for the 30-year fixed-rate mortgage will end this year at about 3% and could hit around 3.3%
Housing Wire
FEBRUARY 24, 2023
9 up until the early part of February as mortgage rates fell from 7.37% to 5.99%. To combat higher mortgage rates, builders have been cutting prices and buying down rates to move product. If sales are working from an elevated number, like what we saw from 2003-2005, it’s a different subject altogether. When supply is 4.3
Housing Wire
OCTOBER 5, 2021
Finance of America Mortgage (FAM), the multichannel lender, announced today that it is offering a refi product for homeowners with accessory dwelling units (ADUs). Most homeowners finance ADUs through home equity loans, cash-out refinancings and construction/renovation loans. Interest in “granny flats” has steadily increased , with 1.4
Housing Wire
JUNE 2, 2022
And now we are facing a tumultuous year of mortgage market normalization. So it’s true to say that turmoil and mortgage outlooks are strange bedfellows, but it’s true. Recently, mortgage rates have been a primary driver of the negative headlines that serve to incite panic over an imminent housing crash. housing market.
Housing Wire
DECEMBER 31, 2021
At the onset of the Coronavirus pandemic, the mortgage industry was preparing for absolute disaster. Mortgage executives held emergency meetings with their creditors over worst-case scenarios. Fratantoni’s organization is forecasting mortgage rates to gradually climb over the course of 2022, ending the year at 4%.
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