New Mortgage Company Proper Rate, LLC, Opens for Business
Proper Rate, LLC, a joint venture of Guaranteed Rate and @properties, begins originating mortgages today. The new independent retail mortgage lender offers home buyers and owners personalized lending services through a select group of
NAR Calls on Housing & Urban Development to Withdraw Disparate Impact Rule
The National Association of Realtors® on Monday asked the Department of Housing & Urban Development to withdraw its proposed rule to amend the HUD interpretation of the Fair Housing Act’s disparate impact standard. In the
CFPB Study Shows Financial Product Could Help Consumers Build Credit
The Consumer Financial Protection Bureau (Bureau) today released a report indicating that a credit builder loan could increase the likelihood of establishing a credit record for consumers without one, and could help improve the
MIG Market Watch, July 13th, 2020
Mortgage bond prices finished the week higher which put downward pressure on rates. Rates were flat Monday morning but pushed lower that afternoon and generally all the way through Thursday. Some selling pressure emerged
Strong Majority of Realtors® Say Market Is in Recovery Phase of Pandemic as Buyers Return
After enduring months of setbacks brought on by the coronavirus pandemic, a new survey from the National Association of Realtors® shows that more than nine in 10 of its members believe they are in
CFPB Releases Report on Debt Settlements and Credit Counseling
The Consumer Financial Protection Bureau (Bureau) released a report today examining recent trends in debt settlement and credit counseling. Many Americans struggle with their debts, especially during times of crisis. Today’s report documents changes
Freddie Mac Prices Approximately $1.6 Billion Securitization of Re-Performing Loans
Freddie Mac (OTCQB: FMCC) today announced pricing of the second Seasoned Credit Risk Transfer Trust (SCRT) offering of 2020—a securitization of approximately $1.6 billion including both guaranteed senior and unguaranteed subordinate securities backed by
Heavy Buyer Demand Tilting Market in Favor of Sellers
This Zillow Weekly Market Report includes housing market data as of the week ending July 4 Sellers have the upper hand in today's housing market, according to Zillow's Weekly Market Reporti. Despite a dip in
Fannie Mae Prices New Issue 3-Year Benchmark Notes Due July 10, 2023
Fannie Mae (FNMA/OTCQB) today announced the offering of new issue three-year Benchmark Notes® due July 10, 2023. Fannie Mae's Benchmark Notes offerings typically price and settle within a few business days of the announcement date.
Mortgage Credit Availability Decreased in June
Mortgage credit availability decreased in June 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.