Oil prices are surging and mortgage rates are roughly flat so far today. It has been a crazy day in the bond market: the 10-year yield first went lower after the jobs report, then Trump posted that the goal in Iran is “ultimate surrender,” which sent the 10-year yield higher with oil prices over $90. […]
Negative jobs report keeps mortgage rates calm amid surging oil prices Read More »
On paper, Maile Aguila’s story reads like a fairy-tale version of the American dream: After 30 years of hard work, a daughter of 1960s Cuban exiles sells $1 billion worth of Miami condos in a single year for a multi-national developer. Then she partners with The Agency, one of the buzziest luxury real estate brokerages
The condo queen: How a Miami broker closes $1B+ a year Read More »
When mortgage rates stayed higher for longer over the past few years, originators increasingly turned their attention to nonqualified mortgages (non-QMs). But that resurgence may not lose momentum even if rates decline in 2026. “We traditionally have seen nonagency volumes represent about 10% of the mortgage business. If you figure it’s $2 trillion a year
Angel Oak’s Tom Hutchens on new growth path for non-QMs as rates ease Read More »
Real estate agents and brokers are bombarded daily with headlines predicting the industry’s next upheaval. Let it go, says Larry Kendall, founder of Ninja Selling, because most of that noise sits firmly outside of your control. While it’s important you keep up with current headlines, Kendall believes real estate professionals and brokers should take a
Ninja Selling’s Larry Kendall: Control the habits, not the headlines Read More »
In a sign of a still-softening labor market, U.S. employers eliminated 92,000 nonfarm payroll jobs in February, according to data released Friday by the U.S. Bureau of Labor Statistics (BLS). Economists say the report is unlikely to change the Federal Reserve’s stance on interest rates. Meanwhile, the jobs numbers for December 2025 were downwardly revised
Job market softens as US payrolls fall by 92K in February Read More »
The mortgage industry is starting to work through major changes after a federal law restricting abusive trigger leads took effect this week, limiting when credit bureaus can sell a borrower’s information to competing lenders. The policy stems from the Homebuyers Privacy Protection Act (S.B. 3502), which amends the Fair Credit Reporting Act to curb the
Trigger leads restrictions rewrite mortgage outreach rules Read More »
Before this morning’s jobs report was released, mortgage rates were on track to end the week at their highest levels in several weeks. This was due to an ongoing mega-spike in oil prices spilling over to the bond market (higher oil = higher inflation implications, and bonds hate inflation). The jobs report saved the day,
Volatile Crosscurrents Keep Mortgage Rates Relatively Flat Read More »
The Department of Veterans Affairs put a long-awaited policy for a new, temporary borrower assistance option out for comment this week. Processing Content Mortgage market participants welcomed the drafting table release of the VA partial claim proposal. That proposal stems from a bill sponsored by Rep. Derek Van Orden, R. Wis., which passed and went
VA partial claim draft arrives with detail sought on limits Read More »
Planet Financial Group was able to achieve its annual growth rates of 58% in its originations business and 21% in its servicing portfolio organically. Processing Content The company, which did several acquisitions in recent years, achieved the 2025 growth on its own, Michael Dubeck, CEO and president of Planet Financial said in an interview. “To
Planet Financial grows 58% in originations, 21% servicing Read More »
Housing inventory ticked up on an annual basis for the 28th consecutive month in February, but growth continued to flatten, underlining a trend losing momentum. Processing Content Active listings grew 7.9% year over year in February, but just 0.2% month over month, reaching more than 914,000 homes on the market, according to Realtor.com’s monthly housing
Housing inventory recovery slows for ninth straight month Read More »