Educational BREAKING — Mortgage Professional America reports that federal prosecutors have indicted two California men accused of running a fake mortgage relief operation that allegedly defrauded thousands of struggling homeowners out of $15 million. The scheme preyed on borrowers already facing financial distress, extracting money through false promises of loan modifications
Educational BREAKING — National Mortgage News reports that lenders are seeing a robust jumbo market even as credit tightens overall, with the decrease in jumbo availability accounting for much of the decline in the latest mortgage credit index while conforming and government offerings held steady. This suggests a bifurcation in the
The record, out Oct.
The yield on 10-year notes has climbed almost 20 basis points this week to trade just below the psychologically-important level, which may attract dip buyers but also risks triggering further selling…
Educational BREAKING — Rolling Stone Music reports that Alison Krauss and Union Station have called off the remaining dates of their Arcadia tour, with Krauss stepping back on medical guidance to rest her voice. The decision puts a sudden halt to a run of shows built around a record that marked
Educational BREAKING — National Mortgage News reported last week that Sypher Capital Management has publicly launched an independent comparison site for bitcoin-backed loans and mortgages. The move adds another digital entry point where potential borrowers can evaluate crypto-collateralized lending options before connecting with actual originators. For an industry already
Educational BREAKING — National Mortgage News reports that existing home sales have fallen to their weakest pace in more than a year, with contract closings dropping 2 percent to an annualized rate of 3.98 million in August, according to data released Thursday by the National Association of Realtors. The decline
Educational BREAKING — Mortgage Professional America reports that homebuying costs have climbed back to levels not seen in more than a year, a shift that is pushing prospective buyers to the sidelines and leaving sellers to absorb the consequences. The dynamic is straightforward: as monthly carrying costs rise, affordability tightens, and
Educational BREAKING — National Mortgage News reports that wholesale rate sheets have repriced higher amid bond turmoil, leaving mortgage originators to sort through what rising 10-year Treasury yields mean for both immediate pricing and longer-term housing market conditions. The shift forces a recalculation across the industry, with professionals now
An influx of immune cells into the uterus may be what initiates childbirth. These grab on to muscle cells via tiny tubes and send across mitochondria to provide energy for contractions
August closings slipped to their slowest pace in over a year, even as housing supply hit a decade-plus high
Educational BREAKING — New Scientist reports that mathematicians are now scrambling to understand the implications of OpenAI's claimed solution to one of the Millennium Prize Problems, a set of unsolved questions that have stood for decades as the most stubborn landmarks in the field. The announcement has sent specialists