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Silicon Valley Bank’s Collapse Highlights Mortgage Exposure

Silicon Valley Bank’s Collapse Highlights Mortgage Exposure

Saturday, 18 March 2023
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The regulatory closure of Silicon Valley Bank had the most immediate impact on Silicon Valley, but there are also implications for the mortgage world. So reports The Real Deal. Read more...
Ex-Fannie Mae Boss to Run Silicon Valley Bridge Bank

Ex-Fannie Mae Boss to Run Silicon Valley Bridge Bank

Saturday, 18 March 2023
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The Federal Deposit Insurance Corporation has tapped former Fannie Mae head Tim Mayopoulos as the chief executive officer of Silicon Valley Bank, a newly formed “bridge bank” after the collapse of SVB Financial Group. So reports Reuters. Read more...
Housing Market Is 6.5 Million Homes Short: Realtor.com

Housing Market Is 6.5 Million Homes Short: Realtor.com

Saturday, 11 March 2023
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The U.S. housing market is short of 6.5 million single-family homes, according to a paper by Realtor.com. So reports MarketWatch. Read more...
Rocket Mortgage Offers Freddie Mac’s BorrowSmart Access Credit

Rocket Mortgage Offers Freddie Mac’s BorrowSmart Access Credit

Saturday, 11 March 2023
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Rocket Mortgage has become the first national lender to introduce Freddie Mac’s BorrowSmart Access program, which provides a $3,000 credit for first-time homebuyers to use on their down payment. So reports DBusiness. Read more...
U.S. Housing Sentiment Returns to Near Record Low: Fannie Mae

U.S. Housing Sentiment Returns to Near Record Low: Fannie Mae

Saturday, 11 March 2023
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Americans have gone back to feeling close to their gloomiest ever on record about the housing market, according to Fannie Mae. So reports MortgageOrb. Read more...
Mortgage Rates Rise for Fifth Week, Near 7%

Mortgage Rates Rise for Fifth Week, Near 7%

Saturday, 11 March 2023
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U.S. long-term mortgage rates have posted a fifth consecutive weekly increase, to their highest point since topping 7% last fall. So reports the Associated Press. Read more...
Bodnar of MMG: Today Was a Good Day

Bodnar of MMG: Today Was a Good Day

Saturday, 11 March 2023
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"The Jobs Report was bond friendly," says Bill Bodnar of the Mortgage Market Guide. "The unemployment rate was higher than expected and wages were lower than expected. Yields are falling hard heading into the next big headline risk event, Tuesday's CPI report." Read more...
Bodnar of MMG: Inflation Continuing to Unnerve Global Markets

Bodnar of MMG: Inflation Continuing to Unnerve Global Markets

Saturday, 04 March 2023
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Inflation here and abroad has unnerved the financial markets, according to Bill Bodnar of the Mortgage Market Guide. Read more...
Supreme Court Takes Case Threatening CFPB’s Existence

Supreme Court Takes Case Threatening CFPB’s Existence

Saturday, 04 March 2023
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The Supreme Court has agreed to hear a case that could endanger the existence of the Consumer Financial Protection Bureau, the Federal Reserve and other federal agencies. So reports DSNews. Read more...
Rocket, UWM Cut Jobs After First Losses Since Going Public

Rocket, UWM Cut Jobs After First Losses Since Going Public

Saturday, 04 March 2023
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Rocket Companies and United Wholesale Mortgage have revealed thousands of job cuts shortly after each posted its first quarterly loss as a public company. So reports the Detroit Free Press. Read more...

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