Mortgage rates are based on bonds and bonds take cues from economic data. Employment-related data is particularly important. The monthly jobs report from the Department of Labor is in a league of its own in that regard, and while we won’t get that this week due to the shutdown, this morning brought the release of […]
Mortgage Rates Remain Unchanged After Downbeat Employment Report Read More »
United Wholesale Mortgage has reduced the fees and added other enhancements for one of its title alternative programs. The company’s title review and closing program, known as TRAC+, looks to save borrowers money by significantly reducing costs for refinances compared with traditional title insurance options. In the past, Mat Ishbia, president and CEO, has been
UWM reduces fees, enhances TRAC+ title alternative offering Read More »
What’s at stake: Mortgages requiring federal flood insurance will be more difficult to close during the shutdown, among other impacts. Expert quote: For “financial services broadly, banks in particular, there are going to be disruptions.” — Brian Gardner, Stifel Financial Corp. Forward look: Extended shutdowns threaten federal worker pay and U.S. creditworthiness, potentially triggering
What banks need to know about this government shutdown Read More »