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Mortgage rates moved slightly lower today, despite movement in bond markets that would have suggested otherwise.  The paradoxical strength is likely due to the fact that bonds improved faster yesterday without mortgage lenders adjusting rate sheets accordingly.  In other words, we began the day with an advantage thanks to lenders...
Waypoint Residential, a vertically integrated real estate investment firm focused on the U.S. rental housing sector, recently expanded its leadership team with four new hires. The company brought on Pamela Linden as general counsel, Adam Fruitbine as senior managing...
Grand Homes, a homebuilder that operates in the Dallas-Ft. Worth metroplex, is getting into the mortgage business with help from PrimeLending. PrimeLending announced Friday that it is entering into an “affiliated business arrangement” with Grand Homes that will facilitate...
From time to time, a discussion will start up among MBS Live community members regarding certain habits for certain months of the year.  Some popular observations have been "bonds always sell-off in October" and "there's always volatility in March."   Of course nothing in financial...
Consumers grew slightly less optimistic headed into the holidays, however optimism still remains at historical highs, according to the Survey of Consumers conducted by the University of Michigan. The Index of Consumer Sentiment decreased 1.7% from November’s 98.5 to 96.8...
There has been a flurry of news about the two GSEs, Fannie Mae and Freddie Mac, in the last few weeks.  The House Financial Services Committee recently advanced H.R. 4560, the GSE Jumpstart Reauthorization Act of 2017 to the full house for consideration.  The proposed bill extends the GSE Jumpstart Act through...
First time homebuyer demand surged to its highest level in 17 years during the third quarter of 2017, according to the First-Time Homebuyer Market Report from Genworth Mortgage Insurance, an operating segment of Genworth Financial. The report, which is...
Originators, who work with plenty of renters who want to be owners, should know that the Harvard Joint Center tells us that, “We’re finally seeing the record growth in renters slow down, but while the market has responded to rental housing needs for higher-income households, there are alarming...
Wells Fargo recently laid off about 60 of its employees from the bank’s giant mortgage division. The bank laid off about 40 people from a group that inspects the quality of mortgage and another 20 market lending managers across...
CashCall Mortgage has a new leader. Impac Mortgage, the parent company of CashCall, announced Thursday that it hired Rian Furey to serve as the company’s president of direct lending, which is conducted via CashCall. As president of direct lending, Furey...