Key takeaway: Federal Reserve Gov. Lisa Cook pushed back against the Trump administration’s second attempt to oust her. In a formal filing responding to the White House, Cook’s attorney argued that “an inadvertent error is not fraud.” Expert quote: “The President clearly recognizes that making such a mistake does not render a person — not […]
Cook denies ‘intentional wrongdoing’ as Trump seeks ouster Read More »
Intraday volatility in the bond market can make it tricky to track day over day changes in mortgage rates. Lenders publish the day’s first rates based on bond market prices around 9:30-10:00am ET, but things can change if bonds move enough. Yesterday, bonds improved enough in the afternoon for many lenders to offer lower rates.
Mortgage Rates Lower or Higher, Depending on When You Look Read More »
Non-QM securitizations hit $78B as lenders ease guidelines to capture unserved borrower demand, even as total impairments rise for the 10th time in 13 months to 6.27%, according to dv01. Processing Content The non-QM segment is growing in terms of programs being offered and by securitization volume. Carrington Mortgage Services recently announced guideline changes which
Non-QM RMBS reaches $78B despite rising impairments Read More »