Confidence among US homebuilders slipped in June, dragged down by rising mortgage rates and materials costs, as well as a sharp drop in sentiment across the South. Processing Content An index of overall market conditions from the National Association of Home Builders and Wells Fargo fell 2 points to 35 this month, according to data […]
US homebuilder sentiment falls, driven by large drop in South Read More »
Freddie Mac has published a new amendment servicers can opt to add to modification agreements when the mortgages involved have temporary interest-rate buydowns. Processing Content The recently authorized change adds a required borrower acknowledgment to modification agreements when servicers use temporary interest rate buydown funds. The acknowledgment explains that those funds may be used to
Freddie Mac adds optional amendment for mod agreements Read More »
Friday’s action made it seem a little more likely that the rallies from last week would extend and while I thought Wednesday’s FOMC meeting could be the source for any fireworks, it was news over the weekend that a peace deal with Iran had been reached which lit the fuse. Processing Content Oil futures opened
Bonds rally as Iran peace deal, FOMC loom large Read More »