Key insight: Large institutional investors would still be able to buy single-family homes under a House-drafted housing bill that dropped a ban that had been included in the Senate version of the bill. What’s at stake: Lawmakers argued that restricting big-money investors would inadvertently stifle new home building and construction. Forward look: Bankers remain wary […]
House reworks institutional investor ban in housing bill Read More »
Freddie Mac reported rates edging downward this week, diverging from Treasurys, as a hot inflation report brought with it higher bond yields and signs of rising housing market pessimism. Processing Content The 30-year fixed rate came in one basis point lower, according to Freddie Mac’s Primary Mortgage Market survey of May 14, averaging 6.36%. Rates
Freddie Mac: 30-year rate dips despite hot inflation report Read More »
Rocket Mortgage is suing United Wholesale Mortgage for $100 million in damages, over the rival’s alleged refinancing of loans it sold to Mr. Cooper. Processing Content The breach of contract complaint filed Thursday in a New York state court is the first lawsuit between the industry leaders. Rocket points to past promotions and comments by
Rocket sues UWM for $100 million in Mr. Cooper MSR fight Read More »