Waterstone Mortgage is an independent mortgage banker which happens to be a fully owned asset of a bank, explained Jeff McGuiness, its president and CEO. It outperformed the plan submitted to its holding company, Waterstone Financial, and was profitable for all of 2024 and so far in 2025, looking primarily at its origination business and […]
Waterstone Mortgage on its structure and profitability Read More »
Treasuries sustained small losses as the longest government shutdown on record ended and expectations for another Federal Reserve interest-rate cut next month eroded further. Yields were higher by as much as three basis points, led by tenors more sensitive to changes in Fed policy. The odds of a December rate cut assigned by the market have slipped
Treasuries stumble as shutdown ends and traders brace for swings Read More »
While there are legitimate means to allow consumers to boost their credit scores, others – not just individuals but also industrial or institutional actors – engage in a practice known as credit washing. The practice takes advantage of something people are allowed to do: challenge erroneous information on their credit reports. But in credit washing,
Credit washing rose nearly 700% over 2 years: Transunion Read More »
Jeremy Erickson/Bloomberg Key insight: Economists see validity in Fed Gov. Miran’s argument that shelter inflation is coming down, but note the impact to overall inflation may vary in significance. Expert quote: “I don’t think that rental disinflation is really going to be enough of a reason on its own to say ‘mission accomplished on inflation.’ I
Fed Gov. Miran has a view on the economy. Is it persuasive? Read More »
If it feels like you’re seeing new construction signs pop up everywhere, you’re not wrong. Builders have been busy. And it’s left some people wondering: Are we overbuilding like we did right before the 2008 housing crash? No matter what you may hear in the news, there’s no reason for alarm. In reality, data shows
Are Builders Overbuilding Again? Let’s Look at the Facts. Read More »
Mortgage rates are based on bond market movement and bonds are much stronger today compared to Monday. Although bonds were closed yesterday for the Veterans Day holiday, there was an important piece of economic data that suggested lower rates today. The data in question was the new weekly payroll count from ADP. Whereas October’s monthly
Mortgage Rates Only Modestly Lower Despite Bond Market Improvement Read More »
Foreclosures increased for the eighth consecutive month in October, as high costs continue to push activity toward pre-pandemic levels. Total foreclosures in the United States eclipsed 36,000 last month, up 3% from September and 19% from the same time a year ago, according to ATTOM‘s latest foreclosure market report. “Even with these increases, activity remains
Foreclosures climb for eighth straight month Read More »
Amerisave Mortgage faces a new class action lawsuit that alleges it violated the Telephone Consumer Protection Act after it attempted to contact an individual on the Do Not Call registry. In documents filed in federal court in the Northern District of Georgia late last month, attorneys for plaintiff Erin Wilson noted she had listed her
Amerisave hit with new TCPA class action suit Read More »
Al Drago/Bloomberg What’s at Stake: The bureau acknowledges that the elderly, minorities and people with low incomes may be harmed by the changes. Expert Quote: The proposed rule “will effectively invite a return to redlining and exclusion,” said Jesse Van Tol, president and CEO of the National Community Reinvestment Coalition. Key Insight: The CFPB claims the
CFPB to gut indirect discrimination in civil rights rule Read More »
After the Federal Open Markets Committee reduced short-term rates by 25 basis points at each of its two most recent meetings, economists are mixed on whether the December meeting will have a third cut, the November Wolters Kluwer Blue Chip Economic Indicators study found. The survey was taken on Nov. 4 and 5, prior to
December Fed rate cut still on the table for most economists Read More »