Educational BREAKING — Mortgage Professional America reported that adjustable-rate mortgage share has climbed to a record high while October mortgage locks fell 19 percent overall, according to data from Optimal Blue. The same data showed FHA gaining market share and first-time buyers accounting for 45 percent of conforming purchase
Educational BREAKING — Mortgage Professional America reports that mortgage rates are set to rise after October's Consumer Price Index came in above forecasts, with hotter-than-expected inflation data pushing the odds of a December rate hike to 85 percent. The fresh pressure on borrowing costs extends directly to
Educational BREAKING — National Mortgage News reports that Movement Mortgage is pursuing court confirmation of a $1.235 million arbitration award against two loan originators dismissed in 2023, a dispute that stretches back to earlier this decade and centers on veteran signing bonus agreements. The case illustrates how recruitment incentives in
Educational BREAKING — Realtor.com Research marked Veterans Day with a comparative look at how VA mortgage loans stack up against conforming products, weighing down payment thresholds, credit score expectations, and prevailing rates for military households. The analysis arrives at a moment when higher interest rates have made every basis point
Educational BREAKING — Rolling Stone Music reports that Nick Cannon has revisited his long-running feud with Eminem, standing by his decision to confront the rapper after Eminem targeted both Cannon and Mariah Carey on the 2009 track "Bagpipes From Baghdad." The dispute originated when Eminem claimed he had
Educational BREAKING — Rolling Stone Music reports that Sammy Kershaw, a country singer who found his footing in the Nineties, stirred significant controversy ahead of the CMA Awards by claiming the organization blocked him from the red carpet, prompting an official response and a wave of public debate about who gets
Educational BREAKING — National Mortgage News reports that LoanDepot is looking ahead to 2027 profitability, banking on home equity products to lift margins even as third-quarter losses widened. The trade-off is plain: smaller home equity loans are moving unit volume higher without pulling origination dollars up with them. It
Educational BREAKING — New Scientist reports that cold therapy after exercise may actually hinder recovery rather than help it, a finding that upends one of fitness culture's most widely accepted rituals. The study challenges the assumption that ice baths and cold showers reduce soreness and speed healing, suggesting that
Educational BREAKING — National Mortgage News reports that refinance retention fell four percentage points to 27% between the second and third quarters, according to ICE's latest mortgage monitor report. That decline signals a broader shift in how homeowners are behaving when rates move, and it leaves servicers with a
Educational BREAKING — Mortgage Professional America reports that Treasury yields climbed following a stronger-than-expected October jobs report, with fresh inflation data now poised to test the outlook for mortgage rates. Bond markets had already absorbed the pressure from robust employment figures, and any sustained upward movement in yields would
Educational BREAKING — Mortgage Professional America reports that Eastern Union's Bergman sees artificial intelligence creating jobs rather than eliminating them, provided staff learn to adapt. The executive described how employees at the firm have taken on additional responsibilities by automating routine tasks, shifting their focus toward higher-value work
They Called Me Hootie arrives Nov.