He is also the author of two books. kate_sept2004 / Getty Images Mortgage brokers are licensed professionals who connect borrowers with lenders. They do not issue mortgages themselves. For each ...

During the mortgage underwriting process, underwriters verify that an applicant actually qualifies for the proposed loan. This includes looking closely at their credit and finances to ensure they ...

Ongoing strength in the U.S. economy drove mortgage rates up over 7% for the first time in eight months, casting doubt over a recovery in the housing sector. The 30-year mortgage rate inched up to ...

There are a few reasons for the higher spread: For example, market volatility had made lenders more conservative in their mortgage underwriting, and that conservatism was exacerbated by the ...

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"Despite discontinuing the use of the CDR in SouthEast Bank's student loan underwriting criteria almost 4-years ago, the Department of Education has relied on the use of CDR since 1990 and ...

Mortgage rates may have inched up to the highest level in nearly eight months, but that’s not stopping one group from jumping into the market. Some homeowners are sinking their teeth into ...

Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges. The average rate on a standard, 30-year fixed ...

The rate on the 30-year mortgage, the most popular home loan in the United States, jumped to 7.04 percent this week, up from 6.93 percent the previous week. Mortgage rates tend to track the yield ...

Jan 15 (Reuters) - The interest rate for the most popular U.S. home loan rose last week to an eight-month high of 7.09%, extending an upward trend that's squeezing would-be homebuyers already ...

The mortgage industry is supportive of this move by the FHA as the Biden Administration wraps up its term in office. "CHLA welcomes this constructive FHA underwriting change, which reflects the ...