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Mortgage Rates Rise, Snapping Four Weeks of Declines

Mortgage Rates Rise, Snapping Four Weeks of Declines

Friday, 10 February 2023
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U.S. long-term mortgage rates have posted a weekly increase after dropping for each of the four previous weeks. So reports CNN. Read more...
Fannie Mae: Buyers' Moods Improve for Third Straight Month

Fannie Mae: Buyers' Moods Improve for Third Straight Month

Friday, 10 February 2023
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The Fannie Mae Home Purchase Sentiment Index rose 0.6 points in January to 61.6, its third consecutive monthly increase. So reports Builder. Read more...
loanDepot’s Anthony Hsieh Gone as Executive Chair

loanDepot’s Anthony Hsieh Gone as Executive Chair

Friday, 10 February 2023
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loanDepot has cut loose its founder during a fight over control of the corporate board of directors at the direct-to-consumer lender. So reports The Real Deal. Read more...
Finance of America Sells Incenter’s Title Arms for $100M

Finance of America Sells Incenter’s Title Arms for $100M

Friday, 03 February 2023
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Finance of America Co. has agreed to sell its subsidiary Incenter’s businesses—Agents National Title Holding Co. and Boston National Holdings—to Bermuda-based holding company Essent Group for $100 million. So reports The Title Report. Read more...
Mortgage Rates Slip for Fourth Straight Week

Mortgage Rates Slip for Fourth Straight Week

Friday, 03 February 2023
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U.S. long-term mortgage rates have fallen modestly, posting their fourth consecutive week of declines. So reports CNN. Read more...
Wells Fargo Pink-Slips 140, Exiting Correspondent Channel

Wells Fargo Pink-Slips 140, Exiting Correspondent Channel

Friday, 03 February 2023
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Wells Fargo has laid off 140 employees from its home-lending division’s correspondent channel. So reports The State Journal-Register. Read more...
USAA Bank Lays Off Another 130 Mortgage Pros

USAA Bank Lays Off Another 130 Mortgage Pros

Friday, 03 February 2023
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USAA Federal Savings Bank has cut an additional 130 jobs from its mortgage business. So reports San Antonio Express-News. Read more...
Bodnar of MMG: The Fed, Jobs and Bonds

Bodnar of MMG: The Fed, Jobs and Bonds

Friday, 03 February 2023
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The Fed hiked rates by .25% and home loan rates improved. A very strong Jobs report removed some of the shine in bonds and has since elevated the chance of another rate hike in May. Read more...
MCT Says It's the First to Integrate with Freddie Mac’s Income Limits API

MCT Says It's the First to Integrate with Freddie Mac’s Income Limits API

Friday, 27 January 2023
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Mortgage Capital Trading, Inc. (MCT®), a mortgage hedge advisory and secondary marketing software firm, announced it is the first secondary marketing platform to integrate with Freddie Mac’s Income Limits application programming interface (API) created for the first-time home buyer area median income (AMI) limits. Read more...
Bodnar to MMG: From 75 to 50 to 25 Pretty Darn Quick

Bodnar to MMG: From 75 to 50 to 25 Pretty Darn Quick

Friday, 27 January 2023
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"Good economic news is Good News," says Bill Bodnar of the Mortgage Market Guide. "Despite the good news, the Fed is only expected to raise by .25% next week." Read more...

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