MIG Market Watch
Market Comment Mortgage bond prices finished the week sharply lower which put significant upward pressure on rates. We started the week on a negative note and did not receive any reprieve until Thursday and
Dave Hershman – The Fed, Jobs and Growth
A lot of information has passed through the minds of analysts in the past few weeks. We have had a preliminary measure of economic growth of 6.4% for the first quarter, which would be
New York Man Pleads Guilty for to Security Fraud
Defendant Misappropriated More Than $700,000 From Investments in Pre-IPO Companies Earlier today, in federal court in Central Islip, Mark Lisser pleaded guilty to securities fraud conspiracy for lying to customers about investments in shares
A Quarter Of Pandemic Home Buyers Will Choose Their New Home Over Their Job If Asked To Return To The Office, According To Realtor.com® Survey
Nearly Half Will Try To Negotiate A Flexible Schedule, While Less Than One-Third Are Willing To Return to the Office When COVID-19 drove working professionals out of the office, it sparked a surge in home
Mortgage Rates Continue to Decline
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.94 percent. “Since the most recent peak in April, mortgage rates have declined nearly
Oklahoma City Man Pleads Guilty of Bank Fraud and Others
Yesterday, RONALD J. MCCORD, 70, of Oklahoma City, pleaded guilty to defrauding two locally-based banks, Fannie Mae, and others through a broad range of fraudulent conduct over the course of three years, announced Acting U.S.
Freddie Mac Prices $938 Million Multifamily K-Deal, K-F111
Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K Certificates), which includes a class of floating rate bonds indexed to the Secured Overnight Financing Rate (SOFR). The approximately $938 million
The Jobs Picture
Every month the jobs report is closely watched. But the April report has some special significance. Late last year the jobs recovery stalled as cases of COVID soared. But lately we have had better
Equifax Workforce Solutions Offers Mortgage Lenders “All Employers Within 36 Months” Verifications Through The Work Number
Mortgage-specific employment verification dataset designed to help lenders solve for complex applicant income profiles Complex income situations on mortgage applications can create incremental work for mortgage bankers and brokers as they look to review
Mortgage Credit Availability Increased in April
Mortgage credit availability increased in April according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae's AllRegs® Market Clarity® business information tool.