Mortgage rates are driven by bonds and the bond market hoped to see more evidence of shift toward peace during the 2-day Trump/Xi meeting in China. As soon as Trump got back on the plane to head home, bonds began tanking (i.e. jumping to higher yields). When bond yields spike, mortgage rates follow, and today […]
Mortgage Rates Surge Toward 8-Month Highs Read More »
Three mortgage companies are expanding their third-party origination footprints in different ways. Processing Content Achieve is starting a correspondent channel to help market its fixed-rate home equity line of credit product. Nectar Kalajian has joined the company to head up this effort, Achieve Pro, as the managing director of Achieve Home Loans. Among Kalajian’s past
HELOC players expand correspondent, TPO offerings Read More »
A Two Harbors shareholder will have a last-minute shot at halting a vote next week on the company’s pending merger with CrossCountry Mortgage. Processing Content A federal court will hold a hearing Monday morning to weigh a temporary restraining order on the vote, 24 hours before the company’s special meeting Tuesday. The servicer’s board of
Two Harbors investor seeking to halt CrossCountry vote Read More »