Leading mortgage lender Quicken Loans sees record loan volumes
"We're having record months. This quarter will be the largest quarter in the company's history," Quicken Loans CEO Jay Farner says......»»
Borrowing limits for conforming mortgage loans to rise in 2021
TOWN SQUARE | The Federal Housing Finance Agency, which oversees Freddie Mac and Fannie Mae, announced that conforming loan limits for one-unit properties will rise to $548,250 for 2021 in most counties across the U.S., up from $510,400 in 2020......»»
Mortgage rates hit another record low: 2.66% for 30-year fixed-rate loan
U.S. long-term mortgage rates dropped this w.....»»
Fear and desperation on Main Street as small businesses struggle to survive despite PPP and other federal loan programs
Millions of small business owners have not received government loans under the CARES Act. Many are bootstrapping, crowdfunding and deferring mortgage payments to stay afloat......»»
LightStream offers low, competitive personal loan interest rates for borrowers with good credit
Lightstream; Alyssa Powell/Business Insider For anyone with good credit, low interest rates from LightStream make this lender's personal loans stand out again.....»»
Mortgage lenders tighten screws on U.S. credit in echo of 2008
Mortgage rates are at record lows, but borrowers hoping to take advantage are running into the toughest loan-approval standards in years. During the past month, lenders have put in place higher... To view the full story, click the title link......»»
Mortgage lenders tighten screws on credit in echo of 2008
Mortgage rates are at record lows, but borrowers hoping to take advantage are running into the toughest loan-approval standards in years......»»
Mortgage lenders tighten screws on credit in echo of 2008
Mortgage rates are at record lows, but borrowers hoping to take advantage are running into the toughest loan-approval standards in years......»»
Mortgage lenders tighten screws on U.S. credit in echo of 2008
Mortgage rates are at record lows, but borrowers hoping to take advantage are running into the toughest loan-approval standards in years......»»
Mortgage rates tumble to a record low
U.S. mortgage rates fell once again to the lowest on record. What’s also declining is the number of people who can benefit. The average rate for a 30-year loan was 3.23%, down from 3.33% last week... To view the full story, click the title link......»»
Mortgage rates fall to new record low — here’s why some loan applicants won’t be offered them
The low interest rate environment isn’t expected to bring much of a boost to the housing market, which is struggling as a result of the economic downturn caused by the coronavirus pandemic......»»
Guaranteed Rate to pay $15 million to settle allegations it made false claims to get federal mortgage loan backing
Chicago-based lender Guaranteed Rate has agreed to pay the government $15 million to settle a federal whistleblower lawsuit alleging it knowingly made false claims to get gover.....»»
StanChart sees key markets leading quick economic recovery after loan losses hit first quarter
Standard Chartered PLC on Wednesday said it expects its main markets to lead global economic recovery from the COVID-19 crisis as early as later this year, striking an optimistic note after increased bad loan provisions squashed quarterly profit......»»
What the federal coronavirus relief bill means for mortgages, credit and 401(k) loans
The CARES Act included provisions that will help with mortgage payments, credit scores and changes for 401(k) loan.....»»
Getting Out Of Dodge: After Exiting Loans And Hiking Mortgage Standards, JPMorgan Stops Accepting HELOCs
Getting Out Of Dodge: After Exiting Loans And Hiking Mortgage Standards, JPMorgan Stops Accepting HELOCs Earlier this week, JPMorgan reported that its loan loss provision surged f.....»»
CEO of mortgage giant Quicken Loans explains how struggling homeowners can "skip the payment"
Quicken Loans chief Jay Farner told CNBC on Wednesday the company wants to educate people that if they "skip the payment," they'll still have to pay it eventually......»»
Weekly mortgage applications increase, as record-low interest rates spur refinance rush
The historically low rate caused a 10 percent weekly surge in applications to refinance a home loan......»»
Quicken Loans CEO Jay Farner on the state of the mortgage market amid coronavirus
Jay Farner, CEO of Quicken Loans, joins "Squawk Box" to discuss the state of the mortgage market and the Fed's reaction to the coronavirus crisis......»»
Exclusive: JPMorgan Chase to raise mortgage borrowing standards as economic outlook darkens
JPMorgan Chase & Co , the country's largest lender by assets, is raising borrowing standards this week for most new home loans as the bank moves to mitigate lending risk stemming from the novel coronavirus disruption......»»
Wells Fargo stops taking small-business loan applications
Move by nation's No. 1 small business lender to cap total loans at $10 billion could hamper new federal relief program......»»
Bank of America sees booming rescue loan demand
Bank of America said it's seen fierce demand for rescue loans with applications accounting for about 10% of the amount provided by Congress......»»