Mortgages


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Quicken Loans founder Dan Gilbert (Getty)

Quicken Loans’ IPO filing reveals $1.8B in Q1 revenue

The parent company of Quicken Loans and Rocket Mortgage is officially going public. Rocket Companies filed for an initial...

Quicken Loans’ IPO filing reveals $1.8B in Q1 revenue
The final week of June saw the average loan size hit $360,300, a record high in the history of MBA’s purchase index (iStock)

Size of home purchase loans hits record high

Homebuyers celebrated before the July 4 holiday weekend by applying for mortgages. An index tracking applications to buy single-family...

Size of home purchase loans hits record high
(iStock)

Home loans are getting bigger, even as application volume drops

Homebuying demand is dropping off, but those still in the market are applying for larger loans, according to a...

Home loans are getting bigger, even as application volume drops
(iStock)

Party’s over? Applications for homes loans fall

Homebuyers’ appetite waned last week after two months of growth. An index tracking mortgage applications to buy homes fell...

Party’s over? Applications for homes loans fall
Federal Reserve Chair Jerome Powell (Getty, iStock)

TRD Insights: Why mortgage rates aren’t under 3% (yet)

Days after Covid-19 was declared a pandemic, the Federal Reserve took the drastic move of cutting its benchmark interest...

TRD Insights: Why mortgage rates aren’t under 3% (yet)
Climate change is having an impact on the way borrowers and lenders think about mortgages. The traditional 30-year loan could diminish in popularity. (Getty)

Climate change is messing with 30-year mortgages

Climate change is affecting the viability of the classic 30-year mortgage, a keystone of the American housing market. Borrowers...

Climate change is messing with 30-year mortgages
Mortgage Banker Association’s weekly index shows another increase in purchase applications for home loans during the second week of June 2020 (iStock)

Mortgage applications to buy homes hit 11-year high

Homebuyers haven’t been this busy looking for financing in more than a decade. An index tracking mortgage applications to...

Mortgage applications to buy homes hit 11-year high
The share of U.S. residential mortgages in forbearance grew last week (iStock)

TRD Insights: Forbearance requests edge up in June

As states reopened their economies and Americans returned to work in the first week of June, the forbearance rate...

TRD Insights: Forbearance requests edge up in June
The share of U.S. residential mortgages in forbearance grew last week (iStock)

TRD INSIGHTS: These are the 4.3M homeowners now in forbearance

Forbearance requests inched up only seven basis points for the week ending June 1, marking another period of relative...

TRD INSIGHTS: These are the 4.3M homeowners now in forbearance
Homeowners in redlined areas gained less equity over the past 40 years, exacerbating the wealth gap for blacks (iStock)

Homeowners gained far less equity in formerly redlined areas: study

Homeowners in historically redlined neighborhoods gained less than half as much home equity over the past 40 years as...

Homeowners gained far less equity in formerly redlined areas: study
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