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Mortgage Rates Slip for Fourth Straight Week

Mortgage Rates Slip for Fourth Straight Week

Friday, 03 February 2023
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U.S. long-term mortgage rates have fallen modestly, posting their fourth consecutive week of declines. So reports CNN. Read more...
Wells Fargo Pink-Slips 140, Exiting Correspondent Channel

Wells Fargo Pink-Slips 140, Exiting Correspondent Channel

Friday, 03 February 2023
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Wells Fargo has laid off 140 employees from its home-lending division’s correspondent channel. So reports The State Journal-Register. Read more...
USAA Bank Lays Off Another 130 Mortgage Pros

USAA Bank Lays Off Another 130 Mortgage Pros

Friday, 03 February 2023
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USAA Federal Savings Bank has cut an additional 130 jobs from its mortgage business. So reports San Antonio Express-News. Read more...
Bodnar of MMG: The Fed, Jobs and Bonds

Bodnar of MMG: The Fed, Jobs and Bonds

Friday, 03 February 2023
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The Fed hiked rates by .25% and home loan rates improved. A very strong Jobs report removed some of the shine in bonds and has since elevated the chance of another rate hike in May. Read more...
MCT Says It's the First to Integrate with Freddie Mac’s Income Limits API

MCT Says It's the First to Integrate with Freddie Mac’s Income Limits API

Friday, 27 January 2023
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Mortgage Capital Trading, Inc. (MCT®), a mortgage hedge advisory and secondary marketing software firm, announced it is the first secondary marketing platform to integrate with Freddie Mac’s Income Limits application programming interface (API) created for the first-time home buyer area median income (AMI) limits. Read more...
Bodnar to MMG: From 75 to 50 to 25 Pretty Darn Quick

Bodnar to MMG: From 75 to 50 to 25 Pretty Darn Quick

Friday, 27 January 2023
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"Good economic news is Good News," says Bill Bodnar of the Mortgage Market Guide. "Despite the good news, the Fed is only expected to raise by .25% next week." Read more...
Delinquencies Tick Up, Prepayments Hit Fresh Low: Black Knight

Delinquencies Tick Up, Prepayments Hit Fresh Low: Black Knight

Friday, 27 January 2023
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The U.S. mortgage delinquency rate edged higher by seven basis points to 3.08% in the month of December, according to Black Knight’s “First Look” at the data. So reports DSNews. Read more...
Goldman Sachs Predicts 2008-Style Housing Crash for Four U.S. Cities

Goldman Sachs Predicts 2008-Style Housing Crash for Four U.S. Cities

Friday, 27 January 2023
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Goldman Sachs has projected that four U.S. cities will experience housing collapses this year similar to what happened in the 2008 financial crisis. So reports Fox Business. Read more...
Ex-Rocket Mortgage Exec Ascends to CEO of QC Ally

Ex-Rocket Mortgage Exec Ascends to CEO of QC Ally

Friday, 27 January 2023
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Mortgage industry executive Nicole Booth has become CEO of QC Ally, which offers loan quality and audit services. So reports MReport. Read more...
Mortgage Rates Slip As Home Demand 'Thawing': Freddie Mac

Mortgage Rates Slip As Home Demand 'Thawing': Freddie Mac

Friday, 27 January 2023
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U.S. long-term mortgage rates have edged lower as financial market participants awaited the Federal Reserve’s interest rate-setting meeting. So reports CNN. Read more...

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