Greetings from wintry Chicago where mortgage rates, as they are across the nation, are back to May 2019 levels. Did you know that the name "Chicago" comes from either a Native American word for wild onion, or a striped skunk, depending on one’s mood. Here you don’t have to go too far for a wiener: There are more than 2,000 hot dog stands in the city of Chicago, more than the number of Burger Kings, McDonald's, and Wendy's restaurants in the city combined. Downtown Chicago has 160 million square feet of office space… What will become of it? The managers at lenders and vendors around our biz continue to make decisions about where their staffs work. While most financial institutions are pursuing a return to office work, government agencies including the Federal Reserve and the Office of the Comptroller of the Currency are maintaining remote work, with the Securities and Exchange Commission setting June 6 as a provisional return date.
/PRNewswire/ Sprout Mortgage, one of the nation s largest non-QM originators and fastest growing lenders, is proud to announce that Samuel Bjelac has been.
/PRNewswire/ Sprout Mortgage, one of the nation s largest non-QM originators and fastest growing lenders, is proud to announce that Samuel Bjelac has been.
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