It’s a well-known fact that the monthly jobs report is more capable of causing big reactions in rates than any other economic data. It happened last month in grand fashion, and it is happening again this morning. Nonfarm Payrolls (NFP), which is a count of new jobs created, came in at a mere 22k for […]
Mortgage Rates Plummet Back to Fall 2024 Levels Read More »
Pres. Trump has signed into law H.R. 2808, the Homebuyer Privacy Protection Act, one month after the bill cleared the U.S. Senate by unanimous consent. The new law, which takes effect 180 days after enactment, has been welcomed by the mortgage industry for putting an end to the sale of trigger leads — consumer data
Pres. Trump signs mortgage trigger leads ban into law Read More »
Some mortgage delinquency data raised concerns, but Cotality’s Q2 report also showed a positive sign: late loans aren’t progressing to more serious stages. The total delinquency rate rose on a quarter-to-quarter basis for the period ended June 30, trending higher after a drop-off for the period ended March 31, the Loan Performance Indictors report said.
Regional real estate pockets are showing stress in 2Q Read More »