Almost two-thirds of stocks in this publication’s Mortgage Industry Equity Composite ended the day with slight gains on Wednesday, outperforming the Dow’s 0.23% decrease.
Eleven MIEC stocks ended up on the day and six were down slightly. Gains in individual MIEC stocks went as high as 3.6%.
Declines in value among individual stocks in the index went no lower than a drop of 1.18%.
Mortgage insurer Radian fared the best in terms of a percentage increase during the day, followed
The industry reported $275 million in losses from internet crimes last year, a 59% annual increase as losses nationwide surpassed $20 billion.
A Colorado couple filed suit after realizing they might owe as much as $279,000 on a home equity investment contract used to obtain $88,000 in 2018.
Economists surveyed by Wolters Kluwer are scaling back rate cut expectations as Iran conflict-driven energy costs push inflation higher, complicating the Fed's path forward.
A 21.2% spike in the price of gasoline was the biggest contributor to a 0.9% increase in the Consumer Price Index in March, according to a Friday report from the Bureau of Labor Statistics. The agency said other price increases were largely contained.
Jumbo loans demand more scrutiny and documentation, but automation is streamlining the process — and lenders who master the product stand to gain in a moderately bullish market.
LoanDepot will integrate Figure's proprietary credit and loan underwriting engine into its own proprietary mello technology platform and point of sale system.
