A brokerage fighting United Wholesale Mortgage’s All-In mandate is trying to poke holes in how the company calculated penalties for breaches of the policy based on testimony by UWM employees. Processing Content District Lending is countering UWM’s motion for summary judgment in the lender’s lawsuit to penalize the brokerage for allegedly selling loans to Rocket […]
Brokerage says UWM depositions poke holes in All-In’s math Read More »
Key insight: Federal Reserve Gov. Lisa Cook reiterated an earlier position that she is ready to raise interest rates, but added more insight into why she did not vote in favor of a hike at last week’s FOMC meeting. Expert quote: “The longer inflation is above target, the more likely this scenario becomes. Thus, while
Fed’s Cook ready to hike rates ‘if necessary’ Read More »
Starter homes in June are now 1.5% more affordable than they were a year ago based on the borrower’s income, continuing a trend that began last November, Redfin said. But rising mortgage rates have narrowed the gap. Processing Content By comparison, in January, the income needed to afford one of these homes was 5.3% lower
Starter homes more affordable, but rising rates give pause Read More »