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U.S. Economy Adds 379,000 Jobs in February As Hiring Surges

U.S. Economy Adds 379,000 Jobs in February As Hiring Surges

Friday, 05 March 2021
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Job growth took off last month, particularly in the hard-hit service sector, as distribution of COVID-19 vaccines boosted the U.S. economy. So reports CNBC. Read more...
Powell: Fed Will Be 'Patient' on Rates Amid Inflation Worries

Powell: Fed Will Be 'Patient' on Rates Amid Inflation Worries

Friday, 05 March 2021
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Federal Reserve chairman Jerome Powell has signaled that the central bank would maintain its easy monetary policy even if faced with a short-term rise in inflation. So reports Yahoo! Finance. Read more...
Mortgage Rates Keep Up Rebound as 30-Year Tops 3%

Mortgage Rates Keep Up Rebound as 30-Year Tops 3%

Friday, 05 March 2021
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U.S. long-term mortgage rates have reached a milestone in their rise from historic lows. So reports Reuters. Read more...
Forbearances Tick Up Again: Black Knight

Forbearances Tick Up Again: Black Knight

Friday, 26 February 2021
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The number of mortgages in active forbearance rose for the second week in a row, climbing by by 21,000 (+0.08) since last Tuesday, pushing the total back up above 2.7 million after falling below that threshold for the first time since last April earlier this month. Read more...
Bodnar of MMG: Long End of Bond Market Having a Tough Time

Bodnar of MMG: Long End of Bond Market Having a Tough Time

Friday, 26 February 2021
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Bill Bodnar of The Mortgage Market Guide (MMG) explains that long-term interest rates moved up to their highest levels in a year despite significant bond buying from the Fed. What's next? Read more...
Rocket Companies Posts $9B Profit for 2020

Rocket Companies Posts $9B Profit for 2020

Friday, 26 February 2021
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Rocket Companies, which includes Quicken Loans, has announced a record profit for its first year as a public company. So reports the Detroit Free Press. Read more...
Mortgage Rates Climb But Linger Near Historic Lows

Mortgage Rates Climb But Linger Near Historic Lows

Friday, 26 February 2021
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Mortgage rates have increased from historic lows, but not by much, as the coronavirus vaccine continues its rollout and the economy struggles to rebound from the global pandemic. So reports the Associated Press. Read more...
NY Court Issues Key Decision on Mortgage Timing

NY Court Issues Key Decision on Mortgage Timing

Friday, 26 February 2021
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New York’s highest state court has published a “landmark” ruling, siding with mortgage lenders in foreclosure-related appeals involving statutes of limitations. That’s according to an article by law firm McGlinchey Stafford, and as Law360.com also reports. Read more...
CFPB Mulls Fate of Trump-Era Mortgage Rules

CFPB Mulls Fate of Trump-Era Mortgage Rules

Friday, 26 February 2021
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The Consumer Financial Protection Bureau has said that it is weighing whether to “revisit” the Seasoned QM and General QM rules, codified in December under the Trump administration. So reports CNBC. Read more...
Forbearance Improvement Remains Slow, But Steady: Black Knight

Forbearance Improvement Remains Slow, But Steady: Black Knight

Friday, 19 February 2021
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Following the trend of mid-month increases in forbearance volumes that have taken place since the recovery began, the number of mortgages in active forbearance rose by 15,000 (+0.06) since last Tuesday, according to recent data from Black Knight. Read more...

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