Author name: Ricky Vasquez

Interagency notice tells lenders not to rely on 2022 SPCP statement

Many real estate downturns are followed by promises of consumer-friendly process reform and increased attention on affordability.   As with the subprime mortgage crisis, many believed the ongoing buyer commission lawsuits would totally realign how homes traded and agents are compensated. A truly open-market model. Within a year, commissions ticked up and little changed. It’s now been

Fuel prices continue dictating most of the day-to-day momentum for interest rates and today was a notable example. Early this morning, news reports suggested progress in the peace process via Pakistani mediators. Oil prices dropped sharply in response and bond yields followed the move. Bond yields correlate with mortgage rates. When yields are falling, mortgage