With another holiday closure on deck and light calendar of events, the rate market is off to another uneventful start this week. In fact, the average lender barely budged from last Friday. But it was enough for MND’s 30yr fixed rate index to tick down by 0.01%. This is the lowest level since October 28th–just […]
New 2-Month Lows, Just Barely Read More »
Scott Turner, U.S. secretary of Housing and Urban Development.Aaron Schwartz/Bloomberg The beleaguered 50-year mortgage is one of many housing initiatives under consideration for the new year, according to a Trump administration official, and that has industry experts reiterating some suggestions for things to look into before committing to it. Processing Content The reactions come in
HUD says 50-year still on table, industry eyes challenges Read More »
Mr. Cooper is laying off more than 100 California employees, the latest reduction in force following its recent acquisition by Rocket. Processing Content The company, which now operates as a fully owned unit of Rocket Cos., notified state officials of the intent to permanently eliminate 102 positions in a Worker Adjustment and Retraining Notification Act
Mr. Cooper eliminates more than 100 positions in California Read More »