The latest Basel III proposal could encourage banks to hold more mortgages, but its impact on financing they provide to nonbanks selling home loans is “murkier,” according to a new report. Processing Content Pennymac’s early analysis of the proposed bank-capital rules’ impact on warehouse lending indicates that they currently preserve part of an earlier draft […]
Basel draft leaves nonbank warehouse financing in limbo Read More »
With mortgage rates spiking over the last few weeks, many homeowners are unwilling to give up their current rate, a new industry report showed. Processing Content Roughly a third of homeowners with a mortgage rate less than 6% would not give up their rate for any reason, and 47% said they couldn’t afford current rates,
Rate lock-in: 1 in 3 owners won’t budge at any price Read More »
With a ceasefire in Iran announced early yesterday evening the economic landscape may have changed dramatically, then again maybe not. Processing Content The only scheduled economic news today is the release of the Minutes of the last FOMC meeting at 2:00, but since the futures markets didn’t have a change in rates priced in for
Iran ceasefire, Treasury gaps shift rate outlook Read More »