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Redfin Wraps Up $138B Deal for Bay Equity Home Loans

Redfin Wraps Up $138B Deal for Bay Equity Home Loans

Friday, 08 April 2022
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Redfin has closed its $137.8 billion cash acquisition of mortgage lender Bay Equity Home Loans. So reports Seattle Agent. Read more...
Mortgage Rates Rise Again, Edging Toward 5%

Mortgage Rates Rise Again, Edging Toward 5%

Friday, 08 April 2022
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U.S. long-term mortgage rates have posted another weekly increase, ratcheting once again toward 5%. So reports CNN. Read more...
Bodnar of MMG: All About Balance Sheet Reduction, Quantitative Tightening

Bodnar of MMG: All About Balance Sheet Reduction, Quantitative Tightening

Friday, 08 April 2022
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"This week, it was all about balance sheet reduction/quantitative tightening," says Bill Bodnar of the Mortgage Market Guide (MMG). "We explain how QT works and what history has told us. The Fed controls the microphone until the next Fed Meeting on May 4." Read more...
Bodnar of MMG: Rate Relief and the Yield Curve Inversion

Bodnar of MMG: Rate Relief and the Yield Curve Inversion

Sunday, 03 April 2022
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"This week, we did get some rate relief as the U.S. benefited from problems abroad," says Bill Bodnar of the Mortgage Market Guide (MMG). "Not only do we have to follow what is happening here, but we have to watch what is happening around the globe. Oh yeah, we also talk about yield curve inversion.  Read more...
House Bill Would Set Up Agency to Fight Appraisal Bias

House Bill Would Set Up Agency to Fight Appraisal Bias

Sunday, 03 April 2022
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Rep. Maxine Waters (D-Calif.) has introduced legislation that would create a new Federal Valuation Agency in a bid to stamp out appraisal bias. So reports Credit Union Times. Read more...
Fannie Mae COO Kimberly Johnson Resigns

Fannie Mae COO Kimberly Johnson Resigns

Saturday, 02 April 2022
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Fannie Mae chief operating officer Kimberly Johnson has resigned effective April 25. So reports Dow Jones Newswires. Read more...
Mortgage Rates Jump Above 4.6%

Mortgage Rates Jump Above 4.6%

Saturday, 02 April 2022
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Mortgage rates have continued their recent move toward 5% as investors digest rising inflation and supply disruptions. So reports CNN. Read more...
Mortgage Refinance Demand Tumbles 60%

Mortgage Refinance Demand Tumbles 60%

Saturday, 02 April 2022
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Higher mortgage rates seem to have hit mortgage demand as refinance applications for the week ending March 25 were down 60% from a year ago and 15% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. So reports CNBC. Read more...
PennyMac to Lay Off 81 in California Mortgage Office

PennyMac to Lay Off 81 in California Mortgage Office

Friday, 25 March 2022
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PennyMac has revealed plans for 81 layoffs at the mortgage lender’s Roseville, Calif. office. So reports Sacramento Business Journal. Read more...
Soaring Mortgage Rates Spell 'Sticker Shock' for Borrowers

Soaring Mortgage Rates Spell 'Sticker Shock' for Borrowers

Friday, 25 March 2022
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Mortgage rates have become the latest source of “sticker shock” for U.S. consumers faced with rising prices across the economy. So reports NBC News. Read more...

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