While some news stories suggest that rates are the highest in 11 months today, that’s not quite true. The highest rates of the year were seen on July 13th and May 19th when our 30yr fixed index hit 6.75%. The index was at 6.68% today, up from 6.64% yesterday. Any news regarding “highest rates since […]
Mortgage Rates Move Slightly Higher Read More »
Former Rocket Cos. CEO Jay Farner is now the second longtime senior executive of the mortgage giant to own a professional sports team. Processing Content Farner’s single-family office and investment firm Ronin Capital Partners, which he founded after retiring from Rocket, announced it reached an agreement to buy a stake in Detroit City Football Club.
Former Rocket CEO is latest mortgage exec moving into sports Read More »
Freddie Mac has laid the groundwork for some new distressed single-family mortgage procedures as part of its broader efforts to improve servicing operations over the past several years. Processing Content The government-sponsored enterprise, which is one of two that buy a large number of the middle-class home loans that private lenders fund in the United
How servicers can prep for new Freddie Mac default reports Read More »