The day began on a fairly hopeful note for the mortgage market. During overnight trading hours, the bond market improved following a report regarding a peace framework sent to Iran by The U.S. When bonds improve, rates fall, all else equal. The gains were modest, but they allowed the average lender to set their first […]
Mortgage Rates Erase Early Improvement Read More »
Carrington Mortgage Services will acquire Valon Mortgage and adopt the fintech’s servicing software to handle its book of Ginnie Mae loans, the firms said Thursday. Processing Content The deal will expand Carrington’s servicing portfolio by around 800,000 loans, according to a press release, marking yet another major industry play for servicing. Carrington said it’s buying
Carrington to acquire Valon Mortgage, use fintech’s software Read More »
President Trump signed new legislation this week aimed to facilitate mortgage lending and open up homeownership to members of Native American communities across the U.S. Processing Content Sponsored by members of South Dakota’s congressional delegation, the Tribal Trust Land Homeownership Act sets new timelines for the review and processing of mortgage applications involving properties on
Trump signs bill to expedite tribal mortgage lending Read More »