loan
United Wholesale Mortgage announces Q4 2020 earnings
UWM Holdings Corporation announced a Q4 net income of $1.37 billion, bringing their year total for 2020 to $3.38 billion. Those earnings represent an 821% and 715% increase over Q4 of 2019 and the full year of 2019 respectively. “The fourth quarter and 2020 overall was phenomenal for UWM and the wholesale channel by any … [Read more…]
Governor Cuomo Announces Findings of New York Investigation of Redlining in Buffalo – ny.gov
Governor Cuomo Announces Findings of New York Investigation of Redlining in Buffalo ny.gov
How Long Will My Savings Last?
If only we had access to a reliable crystal ball, how simple saving for retirement could be. Instead, the process can feel more like a Magic 8 Ball® inquiry, finding fresh and fleeting new answers to the familiar question âHow long will my savings last?â Telling you to concentrate and ask again, that it is […]
The post How Long Will My Savings Last? appeared first on SoFi.
Real Costs of Buying a Home – How Much Can You Afford to Purchase?
Mortgage and refinance rates today, February 4, 2021
Today’s mortgage and refinance rates Average mortgage rates inched higher again yesterday. Although that was the latest in a recent series of increases, those rates are still nearer to the […]
Freddie Mac 2020 Portfolio Growth Doubles 2019’s
Posted To: MND NewsWire
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 22.4 percent in December compared to a 29.5 percent gain in November. The portfolio balance at the end of the period was $2.740 trillion compared to $2.689 trillion the prior month and $2.301 trillion a year earlier. The growth rate for 2020 was 17.6 percent, up from 6.8 percent for all of 2019. Purchases and Issuances totaled $129.639 billion and Sales were ($1.330) billion. The November numbers were $155.291 billion and ($4.080) billion, respectively. Single-family refinance loan purchase and guarantee volume was $77.6 billion in December compared to $107.3 billion in November, representing a 70 percent share of total single-family mortgage portfolio purchases and issuances compared to 74 percent…(read more)
30-year fixed mortgage rate remains -1.29% below 2019âs average | February 4, 2021 – Bankrate.com
30-year fixed mortgage rate remains -1.29% below 2019âs average | February 4, 2021 Bankrate.com
Salary Needed to Afford Home Payments in the 15 Largest U.S. Cities â 2021 Edition
Housing costs eat up more of the average American’s salary each month than any other single expense, reaching about one third of average expenditures in 2019, according to data from the Bureau of Labor Statistics. And while homeownership is coded into … Continue reading →
The post Salary Needed to Afford Home Payments in the 15 Largest U.S. Cities – 2021 Edition appeared first on SmartAsset Blog.
Turning a turn-down into a triumph
Catherine Okoroh’s first taste of the mortgage industry came when she was denied a loan. The first in her family to graduate from college, Okoroh (pictured) was working a solid job as a recruiter, had a good income and a down payment ready but, as she would learn, was struggling with a poor credit score … [Read more…]