Mortgage bond prices finished the week near unchanged to slightly positive. We started the week on a positive note Monday, sold off Tuesday as Fed officials sparred over inflation, and then rebounded the remainder of the week as the
Mortgage applications decreased 1.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 24, 2021.
The Market Composite Index, a measure of mortgage loan application volume, decreased
Mortgage bond prices finished the week sharply lower which put significant upward pressure on rates. We started the week on a positive note with weaker stocks Monday morning. The data was mixed throughout the week. NAHB housing was 76.0
September
The markets were braced for last week’s meeting of the Federal Reserve Board’s Open Market Committee. The issue at hand was tapering. The Fed has been purchasing $120 billion in bonds and mortgages per month to support the
Alireza Zamanizadeh, aka Ali Zamani, 63, Portland, Oregon pleaded guilty today for perpetrating a bank fraud scheme whereby he used a residential property he did not own as collateral for obtaining a bank loan worth more than $316,000.
According to court documents,
Fannie Mae (OTCQB: FNMA) today announced its multifamily COVID-19 forbearance program has been extended indefinitely to provide continued support for Fannie Mae-financed multifamily property owners
