A judge has ruled in favor of the Federal Trade Commission against several companies accused of operating mortgage debt relief scams, the FTC has announced. The U.S. District Court for the District of Nevada also slapped an $18.5 million judgment against the scammers.

Bill Bodnar of The Mortgage Market Guide said that while 2020 is starting right where 2019 left off, there are three trends mortgage industry professionals should pay attention to. The first is "Don't Fight the Fed."

Bill Bodnar of the Mortgage Market Guide talks about the Santa Clause rally, how the bright spot in rates will probably continue for the foreseeable future and more. Bodnar discusses this "beautiful sideways pattern," which is supported by low inflation and problems around the globe.