Rates also took a breather after three weeks of consecutive increases
As broadly predicted, the Fed hiked the benchmark interest rate this week. But what does that mean for originators?
Tomorrow the Fed will begin its two-day FOMC meeting that is expected to put an end to its bond-buying program, but America’s weak economy may give officials pause.
NAR reported year-over-year pending home sales were up 1%, the first year-over-year increase in 11 months. Meanwhile, markets are unsure what the Fed will do about ending QE.
Financial markets have stopped their hysterics for now, so let’s get some other things straight, like mortgage and credit.
It may have been a while coming, but the regulator has finally spelled out a number of changes to its rules, including QM loan requirements.
When it comes to assessing annual performance, brokerages are tempted to point at hard data like their annual volume. But small businesses can be measured by a much wider range of factors, which may have more long-term relevance. Here is our seven-step checklist for small business survival.
Uncertainty dominates the stock markets, and industry expert David Shirmeyer suggests locking all loans now.