Mortgage bankers and brokers have been engaging in cautious hiring and they might want to remain careful about it given the complications the latest job numbers add to the rate outlook. At 266,700, nondepositories in the industry added an estimated 1,300 positions during the May homebuying season when compared to revised April numbers as total […]
Mortgage jobs, others inch up, as rate cut tensions grow Read More »
Kevin Wall, who abruptly departed First American as co-president of its title underwriter one week ago, has a new job: CEO of Title Resources Group. Current CEO J. Scott McCall is becoming the privately held company’s vice chairman. The changes become effective July 28. Kevin Wall is the new CEO of Title Resources Group. Last
Former First American Title co-president joins TRG as CEO Read More »
A worker operates a forklift at a fulfillment center in Elizabeth, New Jersey.Eilon Paz/Bloomberg Shorter-term Treasuries, which are most sensitive to expectations for Fed policy, led the slump. Two-year yields rose almost 10 basis points, while 10-year rates jumped 6 basis points to 4.34%. The dollar advanced versus its major counterparts. “The Fed will take
Bond traders scrap bets on July rate cut after strong jobs data Read More »