The BP oil disaster in the Gulf of Mexico is expected to reduce home values by as much as $3 billion over the next five years, according to a new report from CoreLogic. But there is a huge 'what if' estimate as well. If the spill hits the Gulf Stream and moves through the Florida Keys and up the Atlantic Coast the RE damage could total $28 billion in lost value. See the National Mortgage News website for additional details on the story...
The promotion offers rate cuts as much as 25 basis points on new-home purchases as well as rate-and-term and cash-out refinance loans from May 4 through May 17.
"In looking at eight currently available proprietary RM products, there is a distinct relationship between HECM growth rates and proprietary product availability," Reverse Market Insight said.
The top bullet point in Two Harbors' rejection notice is the Mizuho credit facility does not constitute committed financing for UWM to pay for the deal.
The combination adds to a wave of broader merger and acquisition activity that includes an ongoing bidding war over RoundPoint Mortgage owner Two Harbors
The litigants, with some of the industry's deepest pockets, may be filing the rare cases to flag and potentially punish bad brokers, one expert said.
Market watchers think Jerome Powell will maintain a low-key presence on the Fed board as he awaits the release of an inspector general report examining cost overruns at the central bank's headquarters.
