Rising purchase activity created a strong start to the June mortgage market, despite rising mortgage rates, according to the latest Market Advantage report from Optimal Blue. Processing Content Total rate-lock volume in June rose 10% from May and was 15% higher from the same time last year. Of all the mortgages that were locked […]
Purchase demand points to resilient summer market Read More »
Utah’s Security Home Mortgage and its parent company, Capital Community Bank, announced a strategic rebranding of their businesses to unify the financial institution under a single identity. Processing Content Beginning Aug. 17, the businesses will be known as Accordia Mortgage and Accordia Bank. Corporate leaders said the decision was driven by the company’s growth and
Security Home Mortgage, CCBank to rebrand as Accordia Read More »
Key insight: The Federal Reserve is considering whether it should voluntarily adhere to the Security and Exchange Commission’s new rule on central clearing for Treasury security transactions. Expert quote: “The clearing mandate does not apply to the Federal Reserve’s transactions. However, I believe the [Federal Open Market Committee] could make its open market operations more
Logan: Fed’s open market activities should be centrally cleared Read More »