by Chris Mason | Jan 12, 2023 | Uncategorized
The start of the new year has brought with it a surge in mortgage demand, as lower mortgage rates (I would say “lower,” I wouldn’t say “low”…) continue to entice homebuyers back into the market. We have seen an increase in inquiries... by Chris Mason | Jan 11, 2023 | Uncategorized
It’s a changing of the guard in the mortgage market. Wells Fargo, once the dominant player in the market, continues retreating from the space. Wells Fargo wholesale stopped existing years ago, yesterday it was announced that they were shutting down correspondent... by Chris Mason | Dec 28, 2022 | Uncategorized
The pandemic has caused a lot of changes in the housing market, and over the past few years we’ve seen sub-three percent mortgage rates, fast-paced bidding wars, and record-low inventory. However, more recently we’ve seen a correction in the market, with... by Chris Mason | Dec 20, 2022 | Uncategorized
On Tuesday, federal regulators fined Wells Fargo $1.7 billion for “widespread mismanagement” over multiple years that harmed over 16 million consumer accounts. The Consumer Financial Protection Bureau (CFPB) described the bank’s “illegal... by Chris Mason | Dec 15, 2022 | Uncategorized
Hot on the heels of the Fed announcing another interest rate increase, data has come in showing that mortgage rates have decreased for the fifth week in a row. This is a timely reminder that the Fed does not set mortgage rates, individual banks and lenders do, and...