The two stand-alone private mortgage insurers, MGIC Investment Corp. and Radian Group, were the best performing Mortgage Industry Equity Composite stocks on Monday, a day when 14 of the 17 gained ground and only one, Ellie Mae, lost ground.
Hudson City Bancorp and OceanFirst Financial both closed unchanged
Ellie Mae lost 1.7%.
MGIC closed up 10.32%, while Radian was up 5.71%, a continuing sign that investors have put the
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.
It doesn't have to be all or nothing, but all paths are complex, capital markets and policy experts in the Treasury Market Practices group say.
The 30-year fixed fell to 6.37% after a two-week ceasefire tempered war-driven volatility, but economists warn the spring housing market faces continued turbulence.
The Mortgage Bankers Association found gains in March for conforming, jumbo and government-sponsored loan indices for the third consecutive month.
