Housing Wire
SEPTEMBER 15, 2020
Fannie Mae , the world’s largest mortgage financier, said mortgage lending this year probably will reach an all-time high of $3.9 trillion in refinancings, the highest level since 2003 and more than double the level seen in 2019, the mortgage giant said in a forecast on Tuesday. The dollar-volume record will be boosted by $2.4
Housing Wire
NOVEMBER 14, 2022
Full-service mortgage lender Nations Lending and local Indiana real estate firm Carpenter Realtors launched a joint venture, Commitment Mortgage , in order to offer an end-to-end experience — from finding a home to closing a loan in a cooled-down housing market. “We Nations Lending originated $3.43
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Housing Wire
SEPTEMBER 17, 2020
The Fed issued a statement on Wednesday after the end of a two-day meeting that said it would likely keep its benchmark overnight lending rate near zero through 2023, and would continue purchasing mortgage-backed securities “at least at its current pace” for as long as necessary. trillion , boosted by $2.4
Housing Wire
MARCH 23, 2021
Wayman first joined Citi in 2003, and most recently, he held the position of head of U.S mortgage sales, Wayman was a division lending executive on the East Coast, which includes the New York, New Jersey and North East Suburban markets. Before his role as head of U.S. retail banking. “As
Housing Wire
MARCH 15, 2021
First, the refinance boom’s main driver in the 2000s was unhealthy because of the marketplace’s speculative unhealthy lending standards. Although mortgage refinance activity was the highest in 2020 than it has been since 2003, the reasons for refinancing and the quality of the equity loans are much different than they were in the 2000s.
Housing Wire
SEPTEMBER 11, 2020
Even with tighter standards, the lowest mortgage rates on record will push home lending this year to a 15-year high of $3 trillion, MBA said in an Aug. trillion, the most since 2003, MBA said. The data comes from about 95 lenders and investors, MBA said. 20 forecast. Refinancing probably will reach $1.7
Housing Wire
JULY 29, 2021
They further state: “The collapse of the short-term funding structure of nonbanks and some depositories, such as Countrywide Financial , led to rapid losses in liquidity and lending activity. These were 2000-2003, 2004-2008Q2, 2008Q3-2011, and 2012-2015. Specifically, the 1.9 Similar results (2.57
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