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Senate Confirms Marcia Fudge as Biden’s HUD Secretary

Senate Confirms Marcia Fudge as Biden’s HUD Secretary

Friday, 12 March 2021
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The Senate has voted to confirm Rep. Marcia Fudge, an Ohio Democrat, as Secretary of Housing and Urban Development under the Biden administration. So reports Cox Media. Read more...
Bodnar of MMG: What Can the Fed Do To Pin Down Long-term Rates?

Bodnar of MMG: What Can the Fed Do To Pin Down Long-term Rates?

Friday, 05 March 2021
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Interest rates stabilized a bit this week, according to Bill Bodnar of The Mortgage Market Guide. However, the Fed has lost the long-end of the bond market, meaning rates are ticking higher despite the bond buying. Read more...
Fannie Mae Boosts Board of Directors, Adding Pair of Academics

Fannie Mae Boosts Board of Directors, Adding Pair of Academics

Friday, 05 March 2021
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Fannie Mae has named two veterans of academia to its board of directors, the government-backed housing finance giant has announced. Read more...
U.S. Economy Adds 379,000 Jobs in February As Hiring Surges

U.S. Economy Adds 379,000 Jobs in February As Hiring Surges

Friday, 05 March 2021
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Job growth took off last month, particularly in the hard-hit service sector, as distribution of COVID-19 vaccines boosted the U.S. economy. So reports CNBC. Read more...
Powell: Fed Will Be 'Patient' on Rates Amid Inflation Worries

Powell: Fed Will Be 'Patient' on Rates Amid Inflation Worries

Friday, 05 March 2021
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Federal Reserve chairman Jerome Powell has signaled that the central bank would maintain its easy monetary policy even if faced with a short-term rise in inflation. So reports Yahoo! Finance. Read more...
Mortgage Rates Keep Up Rebound as 30-Year Tops 3%

Mortgage Rates Keep Up Rebound as 30-Year Tops 3%

Friday, 05 March 2021
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U.S. long-term mortgage rates have reached a milestone in their rise from historic lows. So reports Reuters. Read more...
Forbearances Tick Up Again: Black Knight

Forbearances Tick Up Again: Black Knight

Friday, 26 February 2021
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The number of mortgages in active forbearance rose for the second week in a row, climbing by by 21,000 (+0.08) since last Tuesday, pushing the total back up above 2.7 million after falling below that threshold for the first time since last April earlier this month. Read more...
Bodnar of MMG: Long End of Bond Market Having a Tough Time

Bodnar of MMG: Long End of Bond Market Having a Tough Time

Friday, 26 February 2021
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Bill Bodnar of The Mortgage Market Guide (MMG) explains that long-term interest rates moved up to their highest levels in a year despite significant bond buying from the Fed. What's next? Read more...
Rocket Companies Posts $9B Profit for 2020

Rocket Companies Posts $9B Profit for 2020

Friday, 26 February 2021
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Rocket Companies, which includes Quicken Loans, has announced a record profit for its first year as a public company. So reports the Detroit Free Press. Read more...
Mortgage Rates Climb But Linger Near Historic Lows

Mortgage Rates Climb But Linger Near Historic Lows

Friday, 26 February 2021
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Mortgage rates have increased from historic lows, but not by much, as the coronavirus vaccine continues its rollout and the economy struggles to rebound from the global pandemic. So reports the Associated Press. Read more...

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