Author name: Ricky Vasquez

Residential loan servicers and asset managers are facing a sharp rise in defaulted properties across the Sun Belt, as new data from Attom shows foreclosure filings jumping over 10% year-over-year in July. The distress is heavily concentrated in Texas and Florida, which led the nation in both new foreclosure starts and completed bank repossessions, creating […]

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

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.