Acting in response to questions from mortgage originators and companies, the Consumer Finance Protection Bureau (CFPB) has issued a clarification on it rules governing loan originator compensation. The clarification specifically addresses employer contributions to qualified profit sharing, … [Read More...]
After moving higher on Friday afternoon, Mortgages Rates eased back down to Thursday's levels, leaving them in slightly better shape than most of last week's offerings depending on the lender. Unlike Friday's abrupt, late-day weakness, today's underlying market … [Read More...]
Mortgage Insurance Companies of America (MICA), the trade group representing private mortgage insurance companies, reported Monday that its member companies wrote a total of $5.4 billion in new business during February. Policies were written on newly originated conventional mortgage … [Read More...]
Construction spending during February was at a seasonally adjusted annual rate of $808.9 billion, 1.1 percent below the revised January estimate of $818.1 billion. The estimate was released Monday by the Census Bureau which at the same time revised the January spending figure down … [Read More...]
Besides wind surfers, sailors, wind farmers, and odd people who chase tornadoes, there aren't many people who like the wind. But this map of wind in the U.S. is pretty neat: http://hint.fm/wind/index.html. It has nothing to do with real estate or mortgage banking.
What is of more … [Read More...]