Unexpected jobs report drives mortgage rates to new annual lows.
Today's jobs report underperformed, leading to a decline in mortgage rates as the Federal Reserve reassesses its outlook on the labor market's strength.
Kimber White’s Goals for NAMB: Improving Affordable Housing and Mortgage Education
Kimber White will resume his role as NAMB president, prioritizing initiatives for housing affordability and enhancing mortgage education for industry stakeholders.
PennyMac Correspondent Group Introduces Non-QM Mortgage Products
PennyMac plans to retain servicing on all non-QM products, signaling a strategic focus that may benefit private lenders in the evolving mortgage landscape.
HomeAdvantage establishes advisory board featuring credit union leaders.
Private lenders can enhance their operations as a group focuses on sharing best practices, identifying opportunities, and improving referral programs for mutual benefit.
Pennymac Correspondent Division Introduces New Non-QM Products
Pennymac will maintain servicing for all non-QM products, accessible via its TPO channel, enhancing options for private lenders in the mortgage market.
Mortgage Rates Insufficient to Increase Application Activity
Refinance applications experienced a modest rise, primarily due to increases in FHA and VA activity, while conventional refinance requests saw a decline.
Trump Weighs Potential Housing Emergency Declaration
Explore insights on the potential housing emergency declaration by Secretary Bessent and its implications for the private lending landscape. Read more.
Taxing Health Care Benefits May Lower the Social Security Deficit by 25%
Explore the implications of Social Security's funding shortfall on private lending, as benefits consistently surpass revenues, influencing financial decisions.
Las Vegas Sees 31% Increase in Housing Inventory Year-Over-Year
Las Vegas home prices show a slight decline while inventory surges, providing potential opportunities for private lenders in the evolving market landscape.
FHFA’s Pulte Submits Criminal Referral Against Fed’s Cook for Mortgage Fraud
Federal Housing Finance Agency Director Bill Pulte has made a second criminal referral regarding Federal Reserve Governor Lisa Cook, raising concerns in the financial sector.