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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...
Flagstar Bought By New York Community in $2.6B Deal

Flagstar Bought By New York Community in $2.6B Deal

Saturday, 01 May 2021
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New York Community Bancorp is purchasing Troy, Mich.-based Flagstar Bank in a tentative $2.6 billion agreement. So reports the Detroit Free Press. Read more...
8th Straight Week of Forbearance Improvement: Black Knight

8th Straight Week of Forbearance Improvement: Black Knight

Sunday, 25 April 2021
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Once again, forbearance volumes improved, edging slightly lower (-1,000) since last week. This is typical of the mid-month lull in improvement, according to Black Knight. Read more...
Bodnar of MMG: No News Is Good News

Bodnar of MMG: No News Is Good News

Sunday, 25 April 2021
Lending
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Bill Bodnar of The Mortgage Market Guide says no news was good news during the week. Bond prices followed the path of least resistance: higher--thereby pushing rates to the lowest level in nearly two months--back beneath 3.00% on average. Read more...
FHFA Extends COVID-19 Loan Flexibilities for Fannie, Freddie

FHFA Extends COVID-19 Loan Flexibilities for Fannie, Freddie

Sunday, 25 April 2021
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The Federal Housing Finance Agency has announced that Fannie Mae and Freddie Mac will let some temporary loan origination flexibilities last a little longer. So reports DS News. Read more...
HUD Dumps Trump Rule on Transgender Access to Shelters

HUD Dumps Trump Rule on Transgender Access to Shelters

Sunday, 25 April 2021
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The Department of Housing and Urban Development (HUD) has moved to revoke a Trump rule, proposed last July, that would have allowed federally funded single-sex homeless shelters to turn away transgender people. So reports Politico. Read more...
Mortgage Rates Dip Below 3% Again Amid COVID-19 Uptick

Mortgage Rates Dip Below 3% Again Amid COVID-19 Uptick

Sunday, 25 April 2021
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Long-term U.S. mortgage rates have crossed below the 3% threshold again, as mounting COVID-19 infections appeared to offset rosy economic figures. So reports MarketWatch. Read more...

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