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MMG's Bodnar: A Crazy Week Last Week

MMG's Bodnar: A Crazy Week Last Week

Friday, 10 November 2023
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Bill Bodnar of the Mortgage Market Guide discusses interest rates, Treasury yields, Fed chairman Powell's comments that sent the bond market haywire, and the labor market starting to crack a little bit.  Read more...
Freddie Mac Taps Lance Drummond as Board Chair

Freddie Mac Taps Lance Drummond as Board Chair

Friday, 10 November 2023
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Freddie Mac has named Lance Drummond as the next chair of its board of directors. So reports DSNews. Read more...
Housing Affordability Falls to 39-Year Low: ICE

Housing Affordability Falls to 39-Year Low: ICE

Friday, 10 November 2023
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Home buyers have gone back to the 1980s, at least in terms of how little house they can afford, according to a new report by Intercontinental Exchange. So reports NEXT Mortgage News. Read more...
Mortgage Rates Dip for Second Straight Week

Mortgage Rates Dip for Second Straight Week

Friday, 10 November 2023
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U.S. long-term mortgage rates have declined for two consecutive weeks after hitting a 22-year high in October. So reports the Associated Press. Read more...
Mr. Cooper Restores Some Systems After Disruptive Cyberattack

Mr. Cooper Restores Some Systems After Disruptive Cyberattack

Friday, 10 November 2023
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Mr. Cooper has brought at least some of its systems back online after a cyberattack that disrupted customers' access to its online payment portal for more than a week. So reports FOX Business. Read more...
Fannie Mae: Rates Only One Reason Homeowners Staying Put

Fannie Mae: Rates Only One Reason Homeowners Staying Put

Friday, 03 November 2023
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The “lock-in effect” from lower mortgage rates on homes bought before the recent rate surge isn’t the only reason for a decline in existing homes for sale, according to Fannie Mae. So reports MReport. Read more...
Rocket Stays Profitable in Third Quarter Despite Rate Surge

Rocket Stays Profitable in Third Quarter Despite Rate Surge

Friday, 03 November 2023
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Rocket Companies has posted a net income of $115 million on $1.2 billion in total revenue for the three months ending September 30. So reports the Detroit Free Press. Read more...
Mortgage Rates Edge Lower for First Time in Seven Weeks

Mortgage Rates Edge Lower for First Time in Seven Weeks

Friday, 03 November 2023
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U.S. long-term mortgage rates have paused their nearly two-month climb but remain unaffordably lofty for many homebuyers. So reports the Associated Press. Read more...
FTC Expands Data Breach Disclosure Rules to Non-Banks

FTC Expands Data Breach Disclosure Rules to Non-Banks

Friday, 03 November 2023
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The Federal Trade Commission has given the go-ahead to a new rule that will require mortgage brokers and other non-banking financial institutions to report data breaches within 30 days. So reports PYMNTS. Read more...
MMG's Bodnar: Interest Rates Hit the Best Levels in Over a Month

MMG's Bodnar: Interest Rates Hit the Best Levels in Over a Month

Thursday, 02 November 2023
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Bill Bodnar of the Mortgage Market Guide recaps the week that just passed and previews the week ahead.  Read more...

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