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Bodnar of MMG: Yellen for Higher Rates!!!

Bodnar of MMG: Yellen for Higher Rates!!!

Saturday, 08 May 2021
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Bill Bodnar of The Mortgage Market Guide (MMG) says Treasury Secretary Janet Yellen spooked the financial markets by suggesting rates should go higher. Her off-script but honest remarks were quickly backtracked. Sell in May and Go Away is in full bloom for the NASDAQ. Read more...
Optimism Soars for Real Estate Companies Amid Vaccine Rollout

Optimism Soars for Real Estate Companies Amid Vaccine Rollout

Saturday, 08 May 2021
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Sentiment has grown significantly sunnier among commercial real estate pros in the last six months as the COVID-19 vaccine continues to get into arms, according to a survey by law firm DLA Piper. So reports Law360. Read more...
Mortgage Complaints Jump to Three-Year High: CFPB

Mortgage Complaints Jump to Three-Year High: CFPB

Saturday, 08 May 2021
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Overall mortgage complaints to the Consumer Financial Protection Bureau have leaped to their highest monthly volume since April 2018, according to new data from the agency. So reports Law360. Read more...
Genworth Launches IPO of Mortgage Insurance Business

Genworth Launches IPO of Mortgage Insurance Business

Saturday, 08 May 2021
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Genworth Financial has kicked off a flotation of shares in its mortgage insurance business. So reports the Richmond (Va.) Times-Dispatch. Read more...
Rocket Mortgage Enjoys Strong Earnings As Slowdown Looms

Rocket Mortgage Enjoys Strong Earnings As Slowdown Looms

Friday, 07 May 2021
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Rocket Mortgage has celebrated another robust earnings season, but later in the year that champagne might need to stay on ice. So reports the Detroit Free Press. Read more...
Forbearances Tick Up for First Time in 9 Weeks: Black Knight

Forbearances Tick Up for First Time in 9 Weeks: Black Knight

Saturday, 01 May 2021
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After seeing weekly declines for two months straight, the number of homeowners in active forbearance rose for the first time in nine weeks, according to data from Black Knight. Read more...
Bodnar of MMG: An Overwhelming Policy Response from the Fed, Administration

Bodnar of MMG: An Overwhelming Policy Response from the Fed, Administration

Saturday, 01 May 2021
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This week it is all about an overwhelming policy response from the Fed and Administration meeting the market response... and what stocks, bonds and the U.S. dollar think of it all, according to Bill Bodnar of the Mortgage Market Guide (MMG). Read more...
Veritex Bank Buys 49% of Thrive Mortgage for $53.9M

Veritex Bank Buys 49% of Thrive Mortgage for $53.9M

Saturday, 01 May 2021
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The holding company for Dallas-based Veritex Community Bank is spending $53.9 million in cash for a 49% stake in Georgetown, Texas-based Thrive Mortgage. So reports The Dallas Morning News. Read more...
Fed Sticks with Near-Zero Interest Rates as Inflation Rises

Fed Sticks with Near-Zero Interest Rates as Inflation Rises

Saturday, 01 May 2021
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The Federal Reserve has held its benchmark interest rate near zero, saying that vaccine distribution has boosted the U.S. economy but remaining committed to strong stimulus. So reports Yahoo Finance. Read more...
Economy Revs Up With 6.4% GDP Gain in First Quarter

Economy Revs Up With 6.4% GDP Gain in First Quarter

Saturday, 01 May 2021
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The U.S. economy roared to life to start the year, as a government report found that gross domestic product climbed by an annualized 6.4% in the first quarter. So reports CNBC. Read more...

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