The 10-year yield and mortgage rates have been on a wild ride lately, even testing my top-end forecast at 7.25%, but today, the 10-year yield fell after remarks by Fed President Chris Waller about whether the Fed would do even more rate cuts than the market was anticipating. His statement on this, in a CNBC…
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The National Association of Realtors (NAR) and several other defendants are making another attempt at having the Hardy antitrust lawsuit dismissed. The defendants — which also include the Michigan Association of Realtors, The Grosse Pointe Board of Realtors, Greater Metropolitan Association of Realtors, North Oakland County Board of Realtors and Realcomp II Ltd. — on…
Bill Pulte, a private equity professional, philanthropist and grandson of the late homebuilding icon William Pulte, will be Donald Trump‘s nominee to lead the Federal Housing Finance Agency (FHFA), according to reports from multiple outlets on Thursday. Trump confirmed the nomination on his Truth Social account. “I am pleased to announce that Bill Pulte will…
The Federal Communications Commission (FCC) this week warned consumers in all 50 states that fraudsters are posing as mortgage lenders by calling homeowners and asking them to pony up on payments. The scam, dubbed “Green Mirage,” involves callers contacting homeowners who oftentimes “have previously sought relief from their actual mortgage lender and may expect to…