New Cantero escrow ruling backs preemption in split decision
The opinion that supports national banks' ability to avoid paying interest on certain mortgage accounts in New York is unlikely to be the last word.
Higher Rates Hit Mortgage Apps, But Only Modestly
Mortgage applications declined last week, reversing some of the prior period’s gains as rates climbed to their highest level in a month. The Mortgage Bankers Association (MBA) reported a 4.4% decrease on a seasonally adjusted basis for the week ending May 1. The decline was broad-based, with both pu
2-Month Glut of Data Brings New Home Sales Back to Center of The Range
New home sales moved higher in March and February. Both months were reported on a single day this week as the Census Bureau continues catching up from the government shutdown. After dropping to 587k in January, sales rose to 635k in February and 682k in March. This represents a solid bounce ba
Pamela Heman
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