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Bodnar of MMG: The Trend Is Still Not Our Friend

Bodnar of MMG: The Trend Is Still Not Our Friend

Friday, 06 May 2022
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"Bond prices continue to slide lower on more of the same: uncertainty and volatility about inflation and what the Fed will do about it," says Bill Bodnar of the Mortgage Market Guide. The upcoming week "brings more headline risk. We talk about the likely next stop for interest rates with the 10-yr closing above 3.00%." Read more...
ICE to Buy Black Knight for $13.1B

ICE to Buy Black Knight for $13.1B

Wednesday, 04 May 2022
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Intercontinental Exchange Inc. (ICE), owner of the New York Stock Exchange, said it is buying Black Knight Inc. in a deal valued at $13.1B. Read more...
Mortgage Demand Rose for the First Week Since Early March

Mortgage Demand Rose for the First Week Since Early March

Wednesday, 04 May 2022
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Weekly mortgage demand has increased for the first time since early March, although it’s likely just a blip. So reports CNBC. Read more...
Mr. Cooper Lays Off Workers as Mortgage Volume Slows

Mr. Cooper Lays Off Workers as Mortgage Volume Slows

Wednesday, 04 May 2022
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Mr. Cooper Group is laying off staff, vice chairman and president Chris Marshall has revealed in a conference call with analysts. So reports The Motley Fool. Read more...
Typical Monthly Mortgage Payment Rose 30% in First Quarter

Typical Monthly Mortgage Payment Rose 30% in First Quarter

Wednesday, 04 May 2022
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Home buyers may find housing less affordable, as monthly mortgage payments on a median existing single-family home with a 20% down payment rose 30% from a year earlier to $1,383. So reports Realtor Magazine.  Read more...
Fannie Mae Q1 Profit Drops Despite Fewer Delinquencies

Fannie Mae Q1 Profit Drops Despite Fewer Delinquencies

Wednesday, 04 May 2022
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Fannie Mae has disclosed a decline in its first-quarter net income even as the government-sponsored housing-finance giant said the rate of serious delinquencies on single-family mortgages kept declining. So reports Dow Jones Newswires. Read more...
Bodnar of MMG: What's Next After a Quiet Week?

Bodnar of MMG: What's Next After a Quiet Week?

Friday, 29 April 2022
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"This week was quiet, literally, as there was no Fed speak or jawboning of the markets," says Bill Bodnar of the Mortgage Market Guide (MMG). Read more...
CFPB Dusts Off 'Dormant Authority' to Regulate Nonbanks

CFPB Dusts Off 'Dormant Authority' to Regulate Nonbanks

Thursday, 28 April 2022
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The Consumer Financial Protection Bureau has announced that it will leverage a “largely unused” provision of 2010’s Dodd-Frank financial overhaul law to regulate nonbanks that it deems risky. Read more...
FHFA Unveils Underserved Market Plans for GSEs

FHFA Unveils Underserved Market Plans for GSEs

Thursday, 28 April 2022
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The Federal Housing Finance Agency has announced its 2022-2024 underserved market plans for government-sponsored enterprises Fannie Mae and Freddie Mac. Read more...
Delinquencies Sank to Record Low in March: Black Knight

Delinquencies Sank to Record Low in March: Black Knight

Thursday, 28 April 2022
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Seasonal and wider economic improvements helped drive mortgage delinquencies to all-time low in March, Black Knight’s monthly “first look” at mortgage-performance statistics has found. Read more...

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