Purchase loan requests are up 7 percent from a year ago, as loosening housing inventory and a pullback in mortgage rates presents FHA buyers with more opportunities.
Category: refinancing
LoanSnap’s business dried up. Now regulators are after its licenses
Connecticut has entered into a consent decree revoking the fintech mortgage lender’s license, and LoanSnap has been put on notice by California regulators that they intend to do the same.
Falling mortgage rates haven’t sparked homebuyer stampede
Recent decline in rates is “some cause for optimism,” but requests for purchase loans are still down 12 percent from a year ago.
Rocket back in the black after boosting purchase market share
The Detroit-based mortgage giant returned to profitability during the spring homebuying season by slashing costs and boosting its market share in the face of severe inventory shortages.