Author name: Ricky Vasquez

An analysis published Friday by the Mortgage Bankers Association (MBA) suggests that using a single randomly selected credit bureau score, rather than the current multiscore “decisioning” method, would have little effect on loan pricing or guarantee fee revenue for the government-sponsored enterprises (GSEs). The MBA examined nearly 105,000 mortgage applications from the first half of […]

Rates are based on bonds and bonds have been taking cues from oil prices this week. Oil was flat overnight, bringing bonds along for the sideways ride. As such, the average mortgage lender began the day almost perfectly in line with yesterday’s latest levels.  All that having been said, bonds experienced some of their own

The share of economists expecting the next Federal Open Market Committee action to be a rate hike continues to grow, the latest Wolters Kluwer survey found. Processing Content The latest Blue Chip Economic Indicators survey was taken on July 6 and 7, which was before the June meeting minutes were released. But it was a