Despite some initial signs of volatility in financial markets over the weekend, the bond market managed to avoid losing much ground. Because bonds dictate mortgage rate movement, the average lender remained very close to Friday’s latest levels. MND’s rate index (a measure of top-tier 30yr fixed rates) rose by 0.01% which is the smallest increment […]
Mortgage Rates Almost Perfectly Flat to Start New Week Read More »
The Veterans Affairs mortgage benefit got high marks in a survey of current and past military members, but more than half still have at a minimum one misconception about the program. Processing Content NewDay USA, which specializes in serving this community, commissioned the online survey of 1,238 people conducted by Researchscape between Feb. 18 and
VA mortgage survey reveals gaps in benefit awareness Read More »
Russell Vought, acting director of the Consumer Financial Protection Bureau, is also director of the Office of Management and Budget. He testified on Capitol Hill April 15.Bloomberg News Processing Content Key insight: The CFPB’s draft plan eliminates all supervision of nonbanks, which bankers oppose. What’s at stake: The plan mandates a radical reduction in supervision
Banks assail nonbank oversight in CFPB deregulatory push Read More »