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Corinne Cordon

Rates Respond to Scandal by Plummeting to 2017 Lows; HARP Still Helping; Future of FICO

Mortgage rates surged significantly lower today, as a part of a broad-based market movement following a political scandal that began taking shape yesterday afternoon. You can choose your preferred media outlet to digest all of the details, but the issue surrounds communications between Trump, former FBI Director Comey, and the potential for the details of …

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Mortgage Rates Back at 2-Week Lows; State-Level Guideline Changes; Housing Permits and Starts Miss Forecasts

Compared to yesterday, mortgage rates are either a little bit higher or lower depending on the lender at the moment. On average, they’ve inched just past last Friday’s levels, meaning they’re the lowest in 2 weeks . As nice as that sounds, it’s worth noting that we’re really splitting hairs here. Most anyone pricing out …

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MBS Day Ahead: Bonds Hoping For More Political Drama

Posted To: MBS CommentaryLast week was characterized by one big day of volume and volatility surrounding the apparently scandalous and sensational political headlines. By now, you’ve either come across the news in question (regarding Trump, Comey, Flynn, Chaffetz, etc.) or are determined enough to avoid coming across political news that I won’t ruin your streak …

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Lender Expansion; FHA, VA; Households Moving Toward Buying

Posted To: Pipeline PressI recently heard a CEO say, “I am fine competing on product, price, and service. But we shouldn’t have to compete on subjective interpretations of rules, regulations, and compliance issues.” While residential lenders wait for another “instructive” public enforcement action (plenty of them are negotiated privately with no fanfare), you can always …

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