Tag Archives: Professional

Hodge extends professional mortgage range eligibility – Mortgage Finance Gazette

Hodge says it has loosened the criteria of its interest-only professional mortgage range, which it offers to those with complex incomes, professional traineeships — or are in self-employment, such as barristers, dentists and doctors.   The lender says it will consider up to six times loan-to-income deals and up to 75% loan-to-value on interest-only products, […]

Happy holidays from Mortgage Professional America

It’s been a fascinating year for the mortgage industry, hasn’t it? Turn the clock back to the beginning of 2022 and you were likely revelling in an influx of business on the back of what had been one of the most fruitful periods the market has ever enjoyed. Turn the clock forward to today, however, […]

Mortgage applications climb again | Mortgage Professional

The 30-year, fixed-rate mortgage fell for the second week in a row to 6.67%, which MBA vice president and deputy chief economist Joel Kan observed was now almost 50 basis points lower than the recent peak of 7.16% recorded a month ago. Read more: October sees 29% drop in new home mortgage applications “The decrease […]

Fed announces rate hike | Mortgage Professional

According to Freddie Mac chief economist Sam Khater, “Although the increase in rates will continue to dampen demand and put downward pressure on home prices, inventory remains inadequate. This indicates that while home price declines will likely continue, they should not be large.” Inflation figures have continued to fluctuate alongside mortgage rates. Data from the […]

Mortgage Professional America unveils Elite Women 2022

Mortgage Professional America has revealed the winners of its seventh annual Elite Women awards. This year’s list featured an outstanding group of female mortgage professionals who continue to pour all their efforts into making the mortgage space more inclusive for all people – no matter their gender identity. MPA searched far and wide for the […]

Zombie properties rise | Mortgage Professional

But the latest data is also the third straight quarter that the number of pre-foreclosure properties has risen since a COVID-led nationwide foreclosure moratorium was lifted at the end of July 2021. Among those pre-foreclosure properties, 7,569 sat vacant in the second quarter of 2022, meaning that the number of zombie-foreclosure properties went up quarterly […]

Housing market cooling down | Mortgage Professional

Since then, mortgage rates have been rising rapidly, and last week the average interest rate for a 30-year fixed-rate mortgage with conforming loan balances jumped to 4.90%. Total mortgage application volume also fell by another 6% last week compared with the previous week, and while mortgage demand falls, t. is also evidence that lending standards […]