Some national headlines are pointing out that mortgage rates are higher this week. Those are based on weekly survey data which can often be stale compared to daily rate movement. Actual average rates are now in line with last Thursday’s levels of 6.58% for top tier 30yr fixed scenarios. That’s just 0.02% higher than May […]
Mortgage Rates Near Lowest Levels in Weeks Read More »
The U.S. Department of Housing and Urban Development is looking to update the definition of a manufactured home and support opportunities for multistory manufactured housing. Processing Content Under the proposed rule published in the Federal Register Friday, the new definition of a manufactured home, as mentioned in the Manufactured Home Construction and Safety Standards, also
HUD to update manufactured home definition, cut requirements Read More »
The federal law putting into place education, registration and — for non-depository originators — licensing requirements, applies only to human beings. Yet, don’t count on an all-automated loan happening anytime soon. Processing Content The conclusion comes from a new Mortgage Bankers Association white paper, written by the law firm of Orrick, Herrington & Sutcliffe, titled
Wither AI: don’t count on an all-automated loan anytime soon Read More »