Mortgage-backed securities researcher Art Frank has left Barclays Capital.A spokeswoman would not provide any additional information about the departure, and Mr. Frank could not be reached for comment. Mr. Frank had been an agency MBS researcher for Nomura Securities International Inc. before joining Barclays.
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.
