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Mortgage And Real Estate News | ||
Angel Oak/Brookfield Deal and More Mergers; Audit, POS, Non-QM, Automation ... This ain’t no April Fools economic news: not only has Hooters declared bankruptcy, but apparently there is yet another push to have credit unions pay income taxes. “Right now, leaders in Congress are ... | ||
Mortgage Rates Inch Lower, But Remain Broadly Sideways "Sideways" has been the dominant theme for mortgage rates for well over a month now. The average top tier 30yr fixed rate fell below 6.82% on February 25th, and moved down to 6.70% the following week.... | ||
Non-QM Products; Rocket/Mr. Cooper Deal; Disaster and Climate News; Tariff ... It’s been three years since Credit Plus re-branded as Xactus, and now another name brand in the mortgage world has a new name. Corelogic has become Cotality, leading to plenty of puns like, “If First ... | ||
Mortgage Rates Move Lower Even Though They Weren't Supposed To First thing's first before anyone gets too excited: yes, rates fell on Friday, but not significantly. The average lender is still a bit closer to the higher end of the recent range. In addition,... | ||
Pending Home Sales Crack Half-Hearted Smile Amid Longer Term Depression The National Association of Realtors' Pending Home Sales Index (PHSI) tracks purchase contract signings that have not yet turned into Existing Home Sales. Things haven't been going well for either sal... | ||
Purchase Applications Improve; Refinancing Ebbs This week's update on refinance application demand accurately reflects the fact that rates came into the week near their recent highs, but managed to fall in line with recent lows several days later. ... | ||
New Home Sales Should Come With a Warning It's not uncommon for certain medications to come with warnings about avoiding certain activities like driving or operating heavy machinery due to the risk of drowsiness. But medications aren't the on... | ||
Home Price Growth Remains Drama-Free There are two dominant home price indices released each month in the U.S. The Federal Housing Finance Agency (FHFA) is responsible for the most all-inclusive tally of home prices via its Home Pr... | ||
Correspondent, Non-QM Training, HELOC Programs; Education, Webinars, and Ev... “What is the difference between the government and organized crime? Only one of them is organized.” (Suitable for any administration.) Government policy, economics, and technology have been the three ... | ||
Mortgage Rates Steady to Slightly Higher With the exception of Monday, which saw a medium-sized uptick in mortgage rates, the rest of the week has been fairly calm in terms of volatility. Unfortunately, the low-volatility movement has been e... | ||
POS, Pricing, Video Compliance Tools; FHA Shift on Residency Requirements; ... Here in San Diego at the MCT Exchange 2025, with nearly 500 registrants, the agenda’s keynote speaker and one of the panels was composed of Fannie and Freddie employees. Well, policy changes have caus... | ||
Mortgage Rates Hold Steady Near Recent Highs It depends what one's definition of "recent" is, but if it involves the past few weeks, mortgage rates were at their highest recent levels both yesterday and today. 2 other days in that window w... | ||
Correspondent Product; Pulte's FHFA Changes and Non-QM Investors; Capital M... Anyone who thinks politics doesn’t impact residential lending isn’t, frankly, paying attention. Let’s start with something simple, like… interest rates. Rates, including mortgage rates, are influenced... | ||
Mortgage Rates Modestly Higher on Average, But Some Lenders Are Lower One of the key principles of mortgage rate movement has to do with the frequency of mortgage rate changes. Specifically, mortgage lenders prefer to update rates once per day. This is notable bec... | ||
Customer Experience, Internal Audit, Pre-Approval Tools; CFPB Still Here; F... This week I head to San Diego for MCT Exchange 2025, and my email has been heating up. “Rob, are you hearing about a big jump in lock volume last week?” Yes… it may not be just you. As they say, a ris... | ||