Mortgage Connect noncompete agreement ruled unenforceable by Pennsylvania judge
The lawsuit that prompted Federal Trade Commission (FTC) Chairman Andrew N. Ferguson to issue a warning letter to Mortgage Connect last week has dealt the company a significant legal blow. As the FTC scrutinizes Mortgage Connect for deploying “unjustifiable noncompetes,” a Pennsylvania judge ruled t
Mortgage credit availability drops for first time this year
The Mortgage Bankers Association's Mortgage Credit Availability Index declined 0.4% to 107.9 in April after reaching a three-year high in March.
Mortgage Rates Match Highest Level Since March
When the Iran war was in its initial escalation phase, the initial surge in markets took the top-tier 30yr fixed rate to 6.64% for the average lender by March 27th. Rates moved more than 0.30% lower by mid April as peace prospect improved. The third phase of rate movement began in late April a
Pamela Heman
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