Mortgage activity increased last week, despite rates jumping to their highest point in nearly a month. Processing Content The Mortgage Bankers Association’s Market Composite Index found mortgage applications rose 1.7% on a seasonally-adjusted basis from one week prior for the period ending May 8. The index climbed 2% on an unadjusted basis. This comes after […]
Buyers shrug off rates, push mortgage apps higher Read More »
The Two Harbors board of directors has rejected the updated hostile bid UWM Holdings made for the company, despite being 50 cents more per share than CrossCountry Mortgage is paying. Processing Content UWM’s latest offer of $12.50 does not constitute a “company superior offer,” the Two Harbors press release said. The rejection notice said the
Two Harbors rejects UWM’s hostile $12.50 offer Read More »
You’ve probably seen the headlines saying, “foreclosures are on the rise,” and maybe your mind jumped straight to 2008. That’s understandable. A lot of people remember that crash and all the foreclosures that happened during that window, and they’re hoping something like that never happens again. But this isn’t a repeat of what happened back
What the Foreclosure Headlines Aren’t Telling You Read More »