The focus from markets on the FOMC meeting this week is whether or not it will remove the word "patience" in guiding markets on when the Fed will begin increasing rates. Markets see patience suggesting the Fed isn’t ready to think about increasing rates
With the positive unemployment report this morning the momentary concern is the first rate hike has returned to June from later this year.
The Los Angeles-based company has launched alternative mortgages in the state of Washington.
Unlike the risky subprime mortgages before the financial crisis, these new products have stricter regulations and are under a different name.
If finalized, the new rules would increase the number of financial institutions able to offer certain types of mortgages in rural and underserved areas.
Five-star Lender Impac Mortgage Holdings Inc. has signed an agreement to acquire the mortgage origination business of one of the largest residential mortgage originators in the U.S.