Digital, Compliance, Automated Workflow, Home Equity Products; Rural, FHA, and VA News
Here at the California MBA’s Western Secondary in Orange County, besides talk of Utah’s Pie and Beer Day yesterday, or maybe it is Pioneer Day, most of the discussions are about products (to help borrowers) and lack of premium pricing. And rates. As an indicator, the 10-year Treasury yield ended last week at 2.75 percent and the 2-year closed at 2.97 percent. Meanwhile, the fed funds futures market swung around quite a bit all week, but settled at an 80 percent probability that the Federal Reserve's policy-making committee lifts the benchmark rate by 0.75 percentage points this week and a close to 20 percent chance of a full percentage point hike. Remember PIGS (Portugal, Italy, Greece, and Spain and their debt crisis from 2009-2014)? Unlike the U.S., which makes up one large jurisdic
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