While Steve Byrd may be new to the role of CEO of Canopy MLS, he is certainly not new to the organization. 2027 will mark Byrd’s 30th year with Canopy, where he started his career as a database administrator. “I’ve gone through a wide array of jobs here. First as a database administrator, then a […]
Canopy MLS separates from association leadership under Steve Byrd Read More »
Mortgage rates were a bit hesitant to follow the bond market’s advice yesterday. Specifically, bonds rallied (i.e. bond prices moved higher and yields/rates moved lower). This almost always coincides with mortgage rates falling by a proportional amount. But yesterday didn’t see the typical level of correlation for many lenders. Today is a different story. The
Mortgage Rates Lowest in Over 2 Weeks Read More »
The government-backed Home Equity Conversion Mortgage is seeing proprietary products noticeably eat into its share of the reverse lending market, with the latter now providing much of the business momentum, according to new analysis. Processing Content Both HECM endorsements and secondary market issuances contracted on a year-over-year basis in July. New endorsements declined to 2,034,
Proprietary reverse loans overtake HECMs for 54% market share Read More »