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Bodnar of MMG: A Central Bank Induced Recession?

Bodnar of MMG: A Central Bank Induced Recession?

Sunday, 25 June 2023
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Bill Bodnar of the Mortgage Market Guide discusses Jerome Powell on Capitol Hill, the potential for Central Bank-induced recession, Janet Yellen's forward guidance and the Fed's favored inflation gauge. Read more...
Mortgage Rates Inch Down for Third Straight Week

Mortgage Rates Inch Down for Third Straight Week

Sunday, 25 June 2023
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U.S. long-term mortgage rates have edged lower for a third consecutive week. So reports CNN. Read more...
Truist Names Head of Mortgage Business

Truist Names Head of Mortgage Business

Sunday, 25 June 2023
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Truist Financial has appointed David Smith, previously head of the mortgage lending business at Keller Williams, as head of Truist Mortgage. So reports TheMReport. Read more...
Rocket Mortgage Moves to Reverse $9.7M Appraisal Ruling

Rocket Mortgage Moves to Reverse $9.7M Appraisal Ruling

Sunday, 25 June 2023
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Rocket Mortgage has called on a federal appeals court to quash a $9.7 million judgment in a class action suit over the lender’s appraisal practices. So reports NEXT Mortgage News. Read more...
First Federal Completes Purchase of BNC Mortgage Unit

First Federal Completes Purchase of BNC Mortgage Unit

Sunday, 25 June 2023
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First Federal Bank has closed its acquisition of BNC National Bank’s mortgage unit, including both the assets and the employees. So reports MortgageOrb. Read more...
Bodnar of MMG: What The Fed 'Skip' Means for Mortgage Pros

Bodnar of MMG: What The Fed 'Skip' Means for Mortgage Pros

Monday, 19 June 2023
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Bill Bodnar of the Mortgage Market Guide (MMG) weighs in on The Fed "skip" and its impact for mortgage professionals. He also provides insight into the technical limitations to rate improvement and the Fed Chair on Capitol Hill. Read more...
Most Homebuyers Don’t Negotiate Rate on Purchase: Survey

Most Homebuyers Don’t Negotiate Rate on Purchase: Survey

Monday, 19 June 2023
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Only 39% of prospective homebuyers said they negotiated the initial APR or refinance rate for the last home they bought, according to a new survey from LendingTree. So reports DSNews. Read more...
May Rate Locks Rise Slightly But Stay Slow

May Rate Locks Rise Slightly But Stay Slow

Monday, 19 June 2023
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Average daily rate lock volumes increased by 4% in May from the previous month, according to Black Knight’s latest Mortgage Monitor report. So reports The Capitolist. Read more...
Freddie Mac Adds Financing Option for Native Americans

Freddie Mac Adds Financing Option for Native Americans

Monday, 19 June 2023
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Freddie Mac has rolled out a new affordable housing program to help Native Americans buy homes. So reports NEXT Mortgage News. Read more...
Ex-UWM Employees Claim Harassment in Lawsuits

Ex-UWM Employees Claim Harassment in Lawsuits

Monday, 19 June 2023
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Former United Wholesale Mortgage underwriters have filed a pair of lawsuits against the mortgage lender over claims of retaliation, hostile workplace environment, gender/sexual harassment and wage theft. So reports The Mortgage Note. Read more...

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