by mdibrino@hqmloans.com | May 3, 2023 | Uncategorized
While the Consumer Price Index (CPI), a key inflation measure, posted a significant drop in March – falling by a full percentage point to 5.0% – it remains well above the Fed’s target rate of 2%, impelling its latest decision to hike rates again. The US labor market...
by mdibrino@hqmloans.com | May 3, 2023 | Uncategorized
Demanding better mortgage rates “We deal with this just about every day,” Potter told Mortgage Professional America during a recent telephone interview. “Our clients call and say ‘I want to buy this $400,000 property and need to turn into a rental.’” When the interest...
by mdibrino@hqmloans.com | May 3, 2023 | Uncategorized
“While housing markets across the country continue to send mixed signals, prices in many large metros appeared to have turned the corner, with the US recording a second month of consecutive monthly gains,” said CoreLogic chief economist Selma Hepp....
by mdibrino@hqmloans.com | May 3, 2023 | Uncategorized
Fannie Mae’s provision for credit losses in Q1 was $132 million, significantly lower than the $3.28 billion recorded in Q4 2022. That $3.15 billion decrease in expenses more than accounted for the company’s income surge. Almodovar attributed the strong...
by mdibrino@hqmloans.com | May 3, 2023 | Uncategorized
“We appreciate Regent’s partnership in this transition,” Gateway CEO Scott Gesell said. “It made sense for Gateway to expand services to Bartlesville through an already established presence. Charlie Pilkington, Regent Bank’s market...
