Bill Bodnar from the Mortgage Market Guide says that periods of sideways trading are usually followed by volatility and that can present mortgage industry professionals with an opportunity.

Quicken Loans has announced what the Detroit-based company said the is the best quarter in its 34 years as a business. So reports the Detroit Free Press.

Fannie Mae’s Economic and Strategic Research Group has updated its predictions for Federal Reserve interest rate cuts, as it projects that the low mortgage rate environment will drive originations and refinances. So reports Seeking Alpha.