Mr. Cooper bets on future servicing earnings as 4Q profits run high
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As its mortgage origination volume delivered another quarter of strong earnings, Mr. Cooper’s banking on its "enormous backlog" of REO orders to generate further profitability once the foreclosure moratorium is lifted.
Can closing costs change on the closing disclosure?
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Some closing costs can increase on the Closing Disclosure (CD) but others can't. Here's how to use the CD to get the deal you were promised.
Texas freeze, rate jump drive a week of stalled mortgage app activity
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Severe winter weather and another hike in mortgage rates stifled loan volume for the week, according to the Mortgage Bankers Association.
Mortgage and refinance rates today, February 23, 2021
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Today’s mortgage and refinance rates  Average mortgage rates rose again yesterday. And the rise was sharper than looked likely first thing that morning. When we say that markets can turn […]
Mortgage Application Volume Continues Decline
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Posted To: MND NewsWire

The volume of mortgage applications for both home purchase and refinancing fell for the third straight time during the week ended February 19. The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure of that volume, dropped 11.4 percent on a seasonally adjusted basis. It was the largest single week decline since the week ended April 3, 2020. On an unadjusted basis the index was down 10.0 percent. The Refinancing Index decreased 11 percent from the previous week but was still 50 percent higher than the same week one year ago. The refinance share of mortgage activity decreased to 68.5 percent of total applications from 69.3 percent the previous week. The seasonally adjusted Purchase Index dropped 12 percent and was 8 percent lower before adjustment. Activity was 7 percent...(read more)

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Years of Work Needed to Afford a Down Payment – 2021 Edition
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Assembling enough money for a down payment is typically the largest hurdle to clear when securing a mortgage. The median home price in the U.S. is up 14% year-over-year, according to a November 2020 Redfin report, and as the housing … Continue reading →

The post Years of Work Needed to Afford a Down Payment – 2021 Edition appeared first on SmartAsset Blog.

Wells Fargo executives make the switch to MAXEX
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MAXEX, a digital home loan exchange platform, has bolstered its
5 Tips to Hedge Against Inflation
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financial chart shapes

To achieve financial freedom and grow wealth over long periods of time, it’s vital to understand the concept of inflation. Inflation refers to the ever-increasing price of goods and services as measured against a particular currency. The purchasing power of a currency depreciates as a result of rising prices. Put differently, a rising rate of […]

The post 5 Tips to Hedge Against Inflation appeared first on SoFi.

Best Tax Software of 2021: TurboTax vs. HR Block vs. TaxAct
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Looking for the best tax software? Our review will help you determine which one is the right one for you.

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CFPB will delay QM rule’s compliance date
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Acting Director Dave Uejio said Tuesday that the Consumer Financial Protection Bureau will push back implementation of the qualified mortgage rule and may amend or revoke other Trump-era rules that have yet to take effect.
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