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Ellie Mae has a buyer, mortgage rates drop further below 3%, Rocket’s IPO takes off and more of the week’s top news

Earnings reports out this week beat pessimistic expectations, but strained coronavirus relief negotiations in Congress cloud the outlook for what’s ahead.

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Urban League begins $5M effort to boost Black homeownership in Madison

Seeking to reverse a decades-long disparity in homeownership, the Urban League of Greater Madison has launched a $5 million initiative to help more Black Madisonians…

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Lowest mortgage rates ever spur historic jump in bond supply

Gross supply as of the end of June has already reached $1.2 trillion, a torrid pace considering the last decade has averaged $1.3 trillion per…

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Home buying sentiment falls in July over coronavirus concerns

With infections re-surging, consumer confidence in the housing market hit a snag in July, but sellers are feeling better about their prospects, according to Fannie…

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Hiring for mortgage jobs ramps up as loans keep streaming in

The rising number of positions appears to reflect an ongoing need to adjust capacity to address rate-driven demand.

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MBS RECAP: More Defensive After Jobs Report, But Not Necessarily Because of it

Posted To: MBS Commentary More Defensive After Jobs Report, But Not Necessarily Because of it The jobs report was hard-pressed to live up to its…

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The Rate Also Rises

Posted To: Mortgage Rate Watch Years from now when scientists examine mortgage rates in July 2020, they’d be forgiven for coming to the conclusion that…

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Ops Jobs; Reverse, Training, VA Tools and Products; Ellie’s $11 billion Sale and Other Vendor News

Posted To: Pipeline Press Let me get this straight. It’ll take a year or two for a cure for a virus that can be killed…

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Homebuyer Sentiment Continues Previous Decline

Posted To: MND NewsWire Fannie Mae’s Home Purchase Sentiment Index (HPSI) faltered a bit in July as it tried to recover from its 29.5-point aggregate…

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Another Wave of Forbearances is Probably On The Way

Posted To: MND NewsWire There was a significant decline in the number of active COVID-19 related forbearance plans over the past week, but that decrease…

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