Marc Savitt is a past president of the National Association of Mortgage Brokers and what you might call a guy who sees the glass "half full." In an interview the other day he told me that within two years home prices might be poised for a boom because of a lack of new building – even if the unemployment rate doesn't improve much. Meanwhile, although the broker sector is hurting (see the National Mortgage News website today for an update), he is starting to see more firms entertain the idea of reentering the wholesale space. Stay tuned…
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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.
6h ago -
"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.
6h ago -
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.
8h ago -
The combination adds to a wave of broader merger and acquisition activity that includes an ongoing bidding war over RoundPoint Mortgage owner Two Harbors
May 4 -
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.
May 4 -
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.
May 1










