While brokers have taken note of UWM suing America’s MoneyLine for sending loans to Rocket and Fairway (remember UWM’s policy plainly stated last March), this week I head to Florida, which retirees humorously refer to as “God’s waiting room.” The state has its share of expected hot markets for 2022 per Zillow, as does the rest of the Sunbelt. Apparently, people in the northern climes are weary of the yearly weather cycle, and, as usual, expect to establish residences to the south. Throughout our lives we go through many cycles. And who says we’re not in a cyclical business? Remember in the not-too-distant-past when lenders were pricing rates to “shut off the volume spigot” due to low rates? Last week U.S. Treasury prices fell with the 10-year yield briefly topping 1.93 percent, jumping from about 1.5 percent at the start of the year, and the 2-year Treasury is up 58 basis points since 1/1, as the Federal Reserve has signaled a mor
Three Republicans and one independent candidate are running for Lancaster city council this year. Theirs are longshot bids in the county’s most populous municipality, where Democrats dominate the city’s elected
The National Association of Minority Mortgage Bankers of America (NAMMBA) recently announced a partnership with Fulton Bank, a lending sponsor in NAMMBAâs effort to affect positive change with the housing needs of under-served communities and with the development of a more diverse mortgage workforce.
âFulton Bank is stepping up their commitment to workplace culture and diversity by partnering with NAMMBA,â said NAMMBA Founder/CEO Tony Thompson, CMB. âBy taking this step, they are broadcasting their intent to create a more diverse and inclusive workplace that reflects the communities they serve.â
Through the partnership with the bank and its Fulton Mortgage Company division, NAMMBA will support the bankâs strategy to engage employees via focused training, new-hire programs and leadership development. NAMMBA will partner with Fulton to further support the communities it serves and create economic opportunity that focuses on business development for minor