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Mortgage lending volume in 2020 likely to break records

Housing Wire

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. in 2020 and 2.7%

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Rate lock data suggests record $4T in 2020 mortgages

Housing Wire

New rate lock data suggests 2020 will end with over $4 trillion worth of originations, easily a record. The data, from Black Knight’s “Mortgage Monitor” report , shows that rate lock activity in the first half of October was up 4% from September, with purchase locks up 6% and refinance locks up 3%. Roughly 18.5

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Will mortgage lending get tighter in the next recession?

Housing Wire

As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. One of the biggest reasons home sales crashed from their peak in 2005 was that the credit available to facilitate that boom in lending simply collapsed. The short (and long) answer is no, not a chance.

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Fannie Mae extends relaxed appraisal, lending standards

Housing Wire

Mortgage giant Fannie Mae extended its relaxed lending and appraisal standards put in place due to COVID-19 into the new year. 31, 2020, however Fannie Mae is now pushing that back to at least Jan. 31, 2020,” Fannie Mae said in a letter to lenders. “We 31, 2020,” Fannie Mae said in a letter to lenders. 31, 2021.

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NerdWallet enters the mortgage broker world with acquisition of Next Door Lending

Housing Wire

California-based personal finance company NerdWallet has struck a deal to acquire brokerage firm Next Door Lending. Jonathon Haddad, chairman and CEO of the Association of Independent Mortgage Experts (AIME), is one of the owners of Next Door. The analysis includes first-lien mortgage originations.

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The housing bubble boys blew it in 2020

Housing Wire

This epic headline punctured any bubbles the 2020 bubble boys had left in their arsenal. million and purchase applications would never hit 300 until the years 2020-2024. Well, here we are in 2020 entering into the best housing demographic patch ever recorded in U.S. So, let’s take a look at the housing data in 2020 so far.

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Guaranteed Rate to acquire Stearns Lending

Housing Wire

It’s unclear what the deal values Stearns at, but the lender originated $20 billion in mortgages last year, according to Guaranteed Rate, which claims to have originated $73 billion in mortgages in 2020. Guaranteed Rate ended the year as the 11th-largest lender in the country, according to Inside Mortgage Finance.

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