The Eleventh Federal Home Loan District Cost of Funds Index rose significantly in the latest reported month to a point above 3.0%. The index for October is 3.125%, an increase of more than 35 basis points from September's 2.769%, according to the Federal Home Loan Bank of San Francisco. COFI is known as a lagging indicator, reflecting movement in other interest rates on a three-to-six month delay.
HUD said its Office of Fair Housing and Equal Opportunity has reduced a Biden administration case backlog by 27% and accelerated investigations.
Bill Greenberg and Mat Ishbia held a video chat on June 11. The companies disputed the outcome, but in the end, UWM did not make a new proposal for Two Harbors.
Third-party originators support tightening some standards but say greater flexibility and coordination could help the market avoid disruption.
But moderating price growth and friendly building policies in many markets hint at emerging affordability for aspiring buyers, Zillow said.
On a year-over-year comparison, title underwriters produced 15% more premiums in the first quarter, as mortgage rates briefly fell under 6% in February.
The government-sponsored enterprise has provided language that servicers may utilize in situations involving temporary interest-rate buydowns.
