Slightly more than a month after it confirmed he was leaving his post as President and CEO, the Mortgage Bankers Association ( MBA ) announced that David H. Stevens would remain at the head of the trade association. Steven’s resignation and appointment as president of Sun Trust Mortgage was announced by both MBA and the […]
On July 4th in 1776, the Declaration of Independence was approved by the Continental Congress, setting the 13 colonies on the road to freedom as a sovereign nation. (This year it has turned tomorrow into somewhat of a “get away” day for many.) As always, parades, fireworks and backyard barbecues await. It is estimated by […]
Mortgage Rates held steady to slightly weaker today , though some lenders recalled rate sheets in the afternoon as bond markets improved. That helped the average Best-Execution rate get back near Friday’s offerings, which were among the best of the week last week. Over the past two weeks, rates have been operating in a fairly […]
Mortgage Rates continue to experience minor volatility near all-time lows, bouncing moderately LOWER today after moving HIGHER yesterday. Rates moved in a different direction every day this week! Today’s moves didn’t take rates to the lowest recent levels, but did slightly improve borrowing costs for the prevailing rates.
Secretary of Housing and Urban Development Shawn Donovan testified before a hearing of the Senate Committee on Banking, Housing, and Urban Affairs on the current implementation and efficacy of HARP 2.0 and on several bills that have been introduced to expand it or remedy some of its flaws.
Mortgages Rates are back to their lowest levels since February. For an increasing number of lenders, current rates begin to shift the balance towards 3.875% as being the only Best-Execution Rate for Conventional 30yr Fixed Loans. Best-Ex is currently shared by 3.875% and 4.0%.
Mortgages Rates improved very slightly in most cases today, though some lenders’ rates were unchanged. This follows a strong move lower by most lenders on Friday after a weaker-than-expected Jobs report. There’s a greater-than-normal variability between lender offerings, but in general, mortgage rates are near their best levels of the month.
Mortgages Rates improved very slightly in most cases today, though some lenders’ rates were unchanged. This follows a strong move lower by most lenders on Friday after a weaker-than-expected Jobs report. There’s a greater-than-normal variability between lender offerings, but in general, mortgage rates are near their best levels of the month.
While homebuyers are pursuing short sales with less enthusiasm because of the lengthy and unpredictable process, investors are finding them a new target of opportunity . Inside Mortgage Finance HousingPulse Tracking Survey found that investors continued to boost their activity in the housing market during February and accounted for 24.2 of all housing transactions and […]
JPMorgan Chase & Co. (JPM) and Bank of America Corp., the two biggest U.S. banks, are cutting senior mortgage traders and salesmen amid a decline in the asset-backed securities market