The rate-indicative 10-year Treasury yield has risen notably above its recent trading range of about 3.9%, and as of midday Wednesday it remained above 4.1% despite the release of a report showing the first decline in consumer prices in 10 months, according to Yahoo! Finance."Fixed-income markets have again rebuffed sub-4.00% yields for 10-[year] notes, marking the fourth time in the past nine months that an attempted move to significantly lower rates has been rejected," said RBS Greenwich Capital researcher Ken Hackel. "The driving force behind the recent rise is noteworthy: rather than any specific piece of strong economic data, the catalyst seems to be a shift in positioning, with fewer trading accounts playing from the 'short' side."
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25