Vida unveils Premier Packager Club

By: ameer@trustedteam.com

Vida is introducing a new packager proposition designed with and for key partners. The Premier Packager Club includes a new packager exclusive credit tier and a dedicated page on their...

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Alternative Bridging Corporation appoints McDonough as BDM

By: ameer@trustedteam.com

Alternative Bridging Corporation is appointing James McDonough as its new business development manager (BDM). McDonough has financial services experience dating back to 2015 and has previously worked as a broker...

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Consumer confidence in housing market sees slight improvement

By: ameer@trustedteam.com

Consumer confidence levels in the housing market remain low, according to Fannie Mae.The government-sponsored entity's Home Purchase Sentiment Index, which measures consumer perceptions on housing, increased only marginally this...

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What does the fix-and-flip market look like right now?

By: ameer@trustedteam.com

The fix-and-flip market has seen a boom in recent years, with more than 407,000 homes flipped in 2022, a 14% increase from 2021 and a 58% increase from 2020,...

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Job gains slow in June, but are probably still too hot to sway the Fed

By: ameer@trustedteam.com

The labor market is moderating gracefully, but conditions remain too hot for the Fed’s liking. Job gains were relatively solid yet again in June, with total nonfarm payroll employment...

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Will labor data send mortgage rates to 8%?

By: ameer@trustedteam.com

From the St. Louis Fed: Initial claims for unemployment insurance benefits increased by 12,000 in the week ended July 1, to 248,000. The four-week moving average fell, to 253,250. Mortgage...

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FHFA rule change could expand the number of suspended counterparties

By: ameer@trustedteam.com

The Federal Housing Finance Administration is looking to make it easier to put entities and people into its Suspended Counterparty Program, a proposed rule change states.This would require Fannie...

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HMBS issuance reaches a high point for 2023

By: ameer@trustedteam.com

While the year got off to a rocky start for Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS), issuance in June was at the highest point for 2023. While that’s...

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Unemployment rate rises to 5.4% despite job growth. BoC rate hike still on track

By: ameer@trustedteam.com

The creation of 60,000 new jobs in June wasn’t enough to keep the national unemployment rate from rising to a seven-month high. The June employment report released by Statistics...

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Fixed mortgage rates keep rising, and could continue as bond yields near 4%

By: ameer@trustedteam.com

Bond yields ended the week sharply higher, flirting with a key technical level of 4% following the release of overall strong employment data in both Canada and the U.S. In...

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