The rate-indicative 10-year Treasury yield was trading in a lower range, below 4.2%, on Wednesday morning.Previously, the yield had been trading closer to 4.4%, according to Yahoo! Finance. Mortgage-backed securities, meanwhile -- which had been trading in a tight range versus Treasuries -- began trading "at the wider end of the range" Wednesday morning, said RBS Greenwich Capital in its "MBS and Derivative Market Mid-Day Update" report. The report indicated that MBS were "about [one] tick wider" to 10-year Treasuries at midmorning Wednesday.
-
Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
7m ago -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
31m ago -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
40m ago -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
3h ago -
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