Mortgage rates dropped noticeably on Thursday on a combination of lower oil prices and a lower inflation reading via the Producer Price Index (PPI). Rates are driven by bonds and bonds are highly responsive to the outlook for inflation and the economy. The Iran war caused inflation implications to spike and the periodic relief in […]
Lowest Mortgage Rates in Nearly 4 Weeks Read More »
The nation’s affordable-housing shortage is fueling a fast-growing corner of the municipal bond market, as lenders securitize portfolios of multifamily mortgages to free up capital for new loans. Processing Content The structure, popularized by Citigroup Inc., allows issuers in the tax-exempt market to package mortgages across multiple properties rather than finance a single development, then
Housing crisis fuels surge in mortgage muni bond deals Read More »
A lender has defeated a spam-call complaint only a few months after the plaintiff mounted an attempt to certify a class of over 50,000 affected consumers. Processing Content A California federal judge entered final judgment in favor of LoanStream this week, ending a two-year-long Telephone Consumer Protection Act complaint. The wholesale and non-qualified mortgage lender,
Judge grants victory to LoanStream in TCPA lawsuit Read More »