Officially, our daily mortgage rate index is a hair lower today than it was yesterday. Your mileage may vary depending on the lender in question. Reason being: some lenders offered mid-day improvements yesterday, but not enough to impact our index. Those same lenders are generally a hair higher today, but again, the average lender is […]
Mortgage Rates Finally Level Off After 2-Day Rout Read More »
Katie Sweeney, a prominent broker advocate, is disputing accusations by her former organization that she directed almost $1 million in payments to herself. The Association of Independent Mortgage Experts raised the claim in response to its former leader’s lawsuit suggesting the trade group owes her money. The sides have traded allegations since Sweeney sued AIME
Katie Sweeney denies accusations in AIME payment fight Read More »
The long-term rate drop in anticipation of the latest Federal Open Market Committee has affected servicing, but since the confirmation of a 25 basis point FOMC cut has stabilized financing costs the impact currently appears limited on a go-forward basis. “Servicers should expect a pickup in refinances as there are a significant number of households
What the current Fed rate outlook means for servicing Read More »