It was an uneventful day for mortgage rates with the average lender holding right in line with last Friday’s levels. In this case, that’s a good thing. On the day before and/or after a 3-day weekend, rates tend to be more volatile than normal. That was certainly the case last Friday as the MND rate […]
Mortgage Rates Stay Flat to Start New Week Read More »
Toll Brothers Inc. fell short of analysts’ estimates for quarterly orders, signaling that fewer people are signing contracts to build homes as high prices and economic uncertainty hold some buyers back. Processing Content The luxury home builder said Tuesday that it had 2,303 signed contracts for the three months ending Jan. 31, missing analyst estimates
Toll Brothers misses orders estimates amid slow housing market Read More »
Officials responsible for mortgages that are directly government-backed weighed in on how they’re looking to address borrower affordability and performance risk amid policy change at the Mortgage Bankers Association’s servicing conference. Processing Content Federal Housing Administration Commissioner Frank Cassidy called his agency’s insurance-fund capital ratio “very strong” and hinted that a premium cut or other
FHA, Ginnie Mae, VA manage loan performance, affordability Read More »