Mortgage rates moved modestly lower for the average lender today, but higher for others. The distinction is whether the lender in question made a late-day adjustment yesterday afternoon. At the time, the underlying market for mortgage bonds was improving somewhat sharply. This prompted several lenders to drop rates before the end of business. Those lenders […]
Mortgage Rates Higher For Some Lenders and Lower For Others Read More »
Andrew Harrer/Bloomberg Processing Content Key Insight: A panel of former Federal Reserve officials discussed the implications of a probe into Fed Chair Jerome Powell, saying the market’s muted reaction reflected political pushback against a potential indictment. Expert Quote: “Markets think these institutions will be strong enough to withstand these types of shocks.” — Randall Kroszner,
Former Fed officials: Markets still trust Fed independence Read More »
Government securitization guarantor Ginnie Mae is providing mortgage companies with more options for pooling loans as it starts 2026 with a newly confirmed president. Processing Content Electronic promissory notes, which Ginnie made eligible for commingling with traditional collateral back in 2024, can now be included in Pools Issued for Immediate Transfer starting Feb. 1. PIIT
Ginnie Mae adds pooling flexibilities as 2026 gets underway Read More »