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Mortgage Banks’ Belt-Tightening Couldn’t Beat Volume Decline

Mortgage Banks’ Belt-Tightening Couldn’t Beat Volume Decline

Friday, 24 March 2023
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Most mortgage lenders bled cash in the fourth quarter, notwithstanding thoroughgoing attempts to cut costs. So reports The Real Deal. Read more...
CFPB Notches Appeals Win Ahead of Supreme Court Trip

CFPB Notches Appeals Win Ahead of Supreme Court Trip

Friday, 24 March 2023
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The Consumer Financial Protection Board has racked up a legal triumph as the Supreme Court prepares to weigh in on its potential fate. So reports PYMNTS. Read more...
VA Revamps Home Loan Program for Hard-to-Finance Group

VA Revamps Home Loan Program for Hard-to-Finance Group

Friday, 24 March 2023
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The Department of Veteran Affairs has slashed interest rates for Native American veterans (or veterans who are spouses of Native Americans) who buy homes on tribal lands. So reports Military.com. Read more...
Mortgage Rates Dip for Second Straight Week, to Below 6.5%

Mortgage Rates Dip for Second Straight Week, to Below 6.5%

Friday, 24 March 2023
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U.S. long-term mortgage rates have posted a second consecutive weekly decline, adding to a flurry of optimistic data for homebuyers. So reports the Associated Press. Read more...
Bodnar of MMG: Bonds Like Bad News... And There's Plenty Of It

Bodnar of MMG: Bonds Like Bad News... And There's Plenty Of It

Friday, 24 March 2023
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Bill Bodnar of the Mortgage Market Guide explains how we're seeing bonds break away from key levels and the increasing chances that the Fed switches to cutting rates in the not-so-distant future.  Read more...
Bodnar of MMG: An Important Time to Pay Attention

Bodnar of MMG: An Important Time to Pay Attention

Sunday, 19 March 2023
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The bond markets are testing key levels heading into the upcoming Fed Meeting, says Bill Bodnar of MMG. "Remember, there are three reactions to the Fed Meeting." Read more...
Mortgage Rates Sink After Bank Collapses

Mortgage Rates Sink After Bank Collapses

Saturday, 18 March 2023
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After a half a percentage point rise over the prior month, U.S. long-term mortgage rates have fallen following high-profile bank failures. So reports CNN. Read more...
Guaranteed Rate Rolls Out 'Same Day Mortgage' Nationwide

Guaranteed Rate Rolls Out 'Same Day Mortgage' Nationwide

Saturday, 18 March 2023
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Guaranteed Rate has launched its Same Day Mortgage program nationwide, offering loan approval in 24 hours or less. So reports New York’s Pix11. Read more...
Silicon Valley Bank’s Collapse Highlights Mortgage Exposure

Silicon Valley Bank’s Collapse Highlights Mortgage Exposure

Saturday, 18 March 2023
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The regulatory closure of Silicon Valley Bank had the most immediate impact on Silicon Valley, but there are also implications for the mortgage world. So reports The Real Deal. Read more...
Ex-Fannie Mae Boss to Run Silicon Valley Bridge Bank

Ex-Fannie Mae Boss to Run Silicon Valley Bridge Bank

Saturday, 18 March 2023
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The Federal Deposit Insurance Corporation has tapped former Fannie Mae head Tim Mayopoulos as the chief executive officer of Silicon Valley Bank, a newly formed “bridge bank” after the collapse of SVB Financial Group. So reports Reuters. Read more...

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