
Builder Sentiment Improves Slightly as Mortgage Rates Continue to Weigh on Demand
Builder confidence improved modestly in May, though sentiment remained subdued as elevated mortgage rates, affordability pressures, and broader economic uncertainty continued to weigh on the housing market. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) incre
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Credit and Verification, Warehouse, AI Processing Tools; Basel III Update; Rates Higher for Longer?
Wanna know the new buzz acronym? Residential Transition Loans (RTL): financing for properties in transition, including fix-and-flip, bridge, and rehab deals. Catch the wave⦠people always need to borrow money! Now, if only income guidelines by the Agencies matched how incomes have changed. Change is
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Abbreviated Friday Opening at Week's Best Levels
Bonds are starting the session at the best levels of the week with modest overnight gains getting a small boost from news that Pakistan's army chief (a central figure in mediating US/Iran peace talks) is en route to Tehran. Trading ends at 2pm today instead of 5pm, as is usually the case for a
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Peace Deal Rumors Make For Mid-Day Reversal
Peace Deal Rumors Make For Mid-Day Reversal Bonds started the day in fairly forgettable and slightly weaker fashion after overnight headlines suggested that the disposition of Iran's nuclear material remains a sticking point. Bonds were flat at weaker levels all morning. Then, just after 1pm, a
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