After leaving 27 dead in the Caribbean, Category 4 Hurricane Irma made landfall in the Florida Keys Sunday morning. See how the mortgage industry is banding together to help those affected.
Read More »Housing Market Heating Up Down South
The Texas Association of Realtors (TAR) released its Midyear Review Report on Friday, which boasted an increase in home values, home sales volume, and listing activing. The report ...
Read More »A Good Day for Treasuries
Treasury yields are commonly linked to mortgage interest rates, and Friday saw a drop in yields for the 10-year, 30-year, and 2-year bonds in anticipation of speeches given by Esther George, President and CEO of the Federal Reserve Bank of Kansas City, and Patrick Harker, President and CEO of the Federal Reserve Bank of Philadelphia.
Read More »President of Cleveland Fed Issues Warning on Rate Hikes
Loretta Mester, President of the Cleveland Federal Reserve, issued a statement on her thoughts on current monetary policy, the economic outlook, and words of wisdom concerning the Fed’s approach to raising interest rates.
Read More »Equifax: In the Dog House
As the aftermath of Equifax's data breach is in full effect, the credit reporting company is quickly facing investigations. ClassAction.com has already filed a lawsuit on behalf of ...
Read More »143 Million Consumers Affected in Security Breach
Approximately 143 million U.S. consumers’ names, Social Security numbers, birth dates, addresses, and in some cases, driver’s license numbers were exposed Thursday due to a Equifax cyber security incident.
Read More »Wells Fargo Acquires $51 Billion in MSRs from Seneca
Wells Fargo will take over billions in mortgage servicing rights from Seneca Mortgage Investments, which will stop servicing loans altogether.
Read More »Freddie Mac: Mortgage Rates Down
According to the Primary Mortgage Market Survey (PMMS) released by Freddie Mac, rates on both 30-year and 15-year mortgages are down from one week ago, and for the ...
Read More »Housing Market: Confidence is Key
Consumers are becoming more confident in the housing market according to Fannie Mae’s August Home Purchase Sentiment Index. But what aspects of the market are causing the increase?
Read More »FEMA Funds in Jeopardy
As damages from Hurricane Harvey are still looming, the threat of two more tropical storms is leaving some concerned FEMA could run out of funding.
Read More »