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Lending Market Set to Open Up Even Before 0.5% Interest Rate Cut

Lending Market Set to Open Up Even Before 0.5% Interest Rate Cut

Fixed-rate mortgages moved even lower this week
Real Estate Market Showing Hopeful Signs for Lenders

Real Estate Market Showing Hopeful Signs for Lenders

Industry has reason for optimism with previously owned homes rising by 1.3% in July
FHA Permanently Removes Face-to-Face Meeting Requirement for Defaulted Borrowers

FHA Permanently Removes Face-to-Face Meeting Requirement for Defaulted Borrowers

Making permanent a key Covid-era change
Euro-Zone Reports First Loan Demand Increase Since 2022

Euro-Zone Reports First Loan Demand Increase Since 2022

Demand for housing loans increase by 16%
CFPB Urges Banks Help Struggling Homeowners Over Foreclosing

CFPB Urges Banks Help Struggling Homeowners Over Foreclosing

New proposal would also reduce paperwork burdens
Metro Bank Restores Plan to Sell Mortgage Loans

Metro Bank Restores Plan to Sell Mortgage Loans

British bank expected to sell between £3 billion and £4 billion of loans to raise capital
Large Banks Unaware of Risks from CRE Exposure

Large Banks Unaware of Risks from CRE Exposure

Impact of CRE exposure on community banks has overshadowed the risk to larger banks
Homebuyers Uncertain of How to Secure a Mortgage

Homebuyers Uncertain of How to Secure a Mortgage

New report found 70% of Americans feel renting could impact their current and long-term finances
Mortgage Rates Drop to Two-Month Lows

Mortgage Rates Drop to Two-Month Lows

Mortgage rates dropped to 7.08% on 30-year fixed-rate mortgages from 7.18%
CFPB Combats Junk Fees in Mortgage Servicing

CFPB Combats Junk Fees in Mortgage Servicing

The regulator found servicers charging illegal junk fees and violating loss mitigation rules
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