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NAR rumored to hold emergency meeting in wake of sexual harassment scandal

August 31, 2023 Mariel Alumit Comments Off

Since last weekend’s New York Times exposé of alleged sexual harassment and a “culture of fear” at the National Association of Realtors (NAR), speculation about what happens next at the trade association has been in overdrive. […]

JP Morgan Chase: US Fed’s emergency loan can inject $2 trn in banking system to ease liquidity crunch

March 17, 2023 Mark Paul Cervantes Comments Off

Silicon Valley collapse: JPMorgan Chase & Co in a note said that the Federal Reserve’s emergency loan support, Bank Term Funding Program, can put in as much as $2 trillion of funds into the US […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]