Bonds dictate mortgage rates and bonds experienced a bit of volatility this morning in response to the Supreme Court ruling on tariffs. The initial impact was negative for rates with Treasury yields moving higher and the prices for mortgage-backed securities moving lower. But the reaction was well-contained and bonds ended up erasing most of it […]
Mortgage Rates End Week at Lows Read More »
A consortium of mortgage and banking trade groups is voicing support for changes to a capital risk framework governing depository institutions, which if enacted could expand their participation in home lending. Processing Content In a letter addressed to federal officials, the groups called for further reexamination and a reproposal of the Basel III rule that
Mortgage trade groups back call for updates to Basel III Read More »
The earlier class certification for a lawsuit in Ohio over Rocket Mortgage‘s late recording fees was reversed after the Ohio Supreme Court overrode a lower court’s favorable ruling for borrowers. Processing Content The case stems from a homeowner’s pursuit of a $250 fine from the lender, over its late recording of the release of his
Rocket class action suit in Ohio over late penalties halts Read More »