Key Insight: Expectations are building that the regional Fed president reappointments set for February will break from historical norms, with a higher likelihood of dissents from the board of governors expected at the very least. Expert Quote: “A couple of ‘no’s’ or abstentions can illustrate that the reappointment process is not merely a rubber-stamping or […]
Inside the brewing battle over regional Fed bank leadership Read More »
Borrowers are doubling down on racketeering accusations against D.R. Horton and its DHI Mortgage financing arm. Seven plaintiffs filed a class action lawsuit in Nevada federal court Wednesday, following a similar complaint that attorneys filed in Florida in October. While other mortgage players have faced RICO accusations in recent years, plaintiffs said they believe the
Borrowers raise RICO counts against DR Horton, DHI Mortgage Read More »
As mortgage purchase applications approach a three-year high, it’s vital to recognize the significant role played by mortgage spreads. Without the improvement in mortgage spreads starting in 2024, we would not have gotten mortgage rates below 6.64%, which spurred the last 18 weeks of positive data. The following analysis examines this data in detail. Mortgage
Mortgage purchase applications near 3-year high as spreads improve Read More »