Competition Between Top Mortgage Lenders Heats Up
Rocket Mortgage rolls out "Inflation Buster" mortgage, which provides a lower rate for one year, as it battles rival UWM for homebuyer market share.
Source: inman.com
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Rocket launches program to lower first-year mortgage payments
Rocket Mortgage and its wholesale arm Rocket Pro TPO will lower homebuyers' interest rates for the first year of their mortgage.
Source: housingwire.com
Lending standards tighten as appetite for riskier loans drops
Lending standards tightened in August amid worsening economic outlook and signs of cooling in home-price growth.
Source: housingwire.com
Pennymac is the latest lender to raise conforming loan limits
Pennymac, the country’s third-largest purchase mortgage lender, will be increasing conforming loan limits to $715,000 across all channels.
Source: housingwire.com
UWM raises conventional loan cap ahead of FHFA announcement
Lender is the latest to push up its loan limits
Source: mpamag.com