On Friday the government will release its new employment numbers for December and we'll see first hand if all this glowing economic optimism we've been hearing about is for real. Meanwhile the yield on the benchmark 10-year Treasury has fallen to a less frightful level (3.3%) and mortgage bankers are hoping (now cross your fingers) that come spring consumers will step up their home buying. Meanwhile, we keep hearing reports that even more community banks are jumping into the warehouse arena, the latest entrant being People's United Financial of Connecticut. People's recently hired Paul Best who ran warehouse finance at PNC Bank. PNC, for some reason, didn't like the business…
-
A Colorado couple filed suit after realizing they might owe as much as $279,000 on a home equity investment contract used to obtain $88,000 in 2018.
1m ago -
Economists surveyed by Wolters Kluwer are scaling back rate cut expectations as Iran conflict-driven energy costs push inflation higher, complicating the Fed's path forward.
1h ago -
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.
5h ago -
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.
8h ago -
LoanDepot will integrate Figure's proprietary credit and loan underwriting engine into its own proprietary mello technology platform and point of sale system.
April 9 -
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.
April 9









