Home Point a casualty of industry economics, analysts say

By: ameer@trustedteam.com

Last May, during its first quarter 2022 earnings call, Home Point Capital President and CEO Willie Newman emphasized that the company was doubling down on its commitment to the...

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Bank crisis shows signs of easing as FHLB debt issuance shrinks in late March

By: ameer@trustedteam.com

The Federal Home Loan Bank system issued $37 billion in debt in the last week of March, a sharp drop-off from the $304 billion two weeks earlier, according to...

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Buying A Home With A Lower Credit Score

By: ameer@trustedteam.com

April 10, 2023 What can you do if you know your credit isn’t perfect but need to buy a home with an FHA mortgage? Actively Work On Your Credit The most effective...

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Quantum Mortgages increases proc fees

By: ameer@trustedteam.com

Quantum Mortgages has increased the procuration (proc) fee payable to registered intermediaries by up to 0.3%, which could see them receive an additional £630 per completed loan on average. This...

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Bank of Canada preview: Another rate hold widely expected

By: ameer@trustedteam.com

Despite stronger-than-expected job gains in March, the Bank of Canada is widely expected to keep rates on hold at this week’s rate decision meeting. This would mark the second...

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AD Mortgage offers non-QM purchase loan lender credit

By: ameer@trustedteam.com

AD Mortgage offers non-QM purchase loan lender credit | Mortgage Professional

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Ruoff Mortgage names new president

By: ameer@trustedteam.com

Commenting on the appointment, Mark Music, owner and CEO, said: “Ruoff Mortgage has proudly been a Fort Wayne-based, family-owned company since its inception in 1984. I’m confident our late...

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U.S. labor market gradually cools in March – odds of rate hike increase

By: ameer@trustedteam.com

A number of big companies have been cutting back, or laying off staff such as Walmart, McDonalds, General Motors, Salesforce, Disney and Meta. In March, the leisure and hospitality industry...

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Housing Market Tracker: Mortgage rates drop almost 1%

By: ameer@trustedteam.com

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear...

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Rate lock volume jumps 43%, reflecting a rate-sensitive market

By: ameer@trustedteam.com

Rate lock volume jumped 43% in March on the back of seasonal tailwinds, falling interest rates and stronger purchase market performance. Lock volumes increased across the board, led by purchase...

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