Early responses to our latest survey question have overwhelmingly favored the view that the merger of the Mortgage Bankers Association and the National Home Equity Mortgage Association will be good for the industry.As of midday Friday, the tally stood at 25 in favor and 6 opposed. To go to the survey, see the left column of the NMN home page.
New notices pointed out how large learning models could lead real estate businesses to unintentionally violate the Fair Housing Act in a marketing campaign.
The industry hasn't been sure how much of a lift they'd get this spring but a broader slowdown in hiring may help to lower financing costs.
Test your knowledge of the biggest mortgage headlines of the week. No. 2 pencil not required!
Rocket Cos. reported an increase in gain-on-sale margin but warned that going forward it is likely to slip back to levels seen in the second half of last year.
The 2022 vintage had a higher percentage of purchase mortgages, as well as 30-year fixed-rate loans versus the 2021 production, an annual Federal Housing Finance Agency report said.
