Critical Cliff’s Notes For Today’s Mortgage Rate News (We’re Not Below 5% Anymore)
“Senility has been a smooth transition for me.” So quipped an attendee here at the Michigan Mortgage Lenders Association conference in Grand Rapids. The aging mortgage banker workforce continues to be a concern around the nation, but there are certainly lenders and vendors attempting to “bring in new blood.” The FTC’s $62 million fine of Opendoor’s advertising policies raised eyebrows. We had the news of Two Harbors Investment Corp.’s Matrix Financial Services Corporation entering into a definitive stock purchase agreement to acquire RoundPoint Mortgage Servicing Corporation from Freedom Mortgage Corporation. People are talking about the Equifax alleged miscalculating of consumer’s credit scores . (But could they have resulted in both worse and better mortgage pricing?) There is
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