General World News

Mortgage rates have eclipsed 3.5%

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The average 30-year-fixed rate mortgage climbed to 3.56% during the week ending Jan. 20, rising from 3.45% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.77%. Most economists believe they’ll continue to climb in the weeks and months ahead. “Mortgage rates moved up again as […]

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Biden-Harris Administration Takes Actions to Support Students’ Basic Needs and Mitigate the Spread of COVID-19 at Colleges and Universities

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Today, the U.S. Department of Education (Department) announced more resources for students and institutions to help reduce barriers to success in higher education, particularly those created and exacerbated by the COVID-19 pandemic—including the Omicron variant. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. Department of Education

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French Actor Gaspard Ulliel, 37, Dies After Ski Accident

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French actor Gaspard Ulliel, known for appearing in Chanel perfume ads as well as film and television roles, died Wednesday after a skiing accident in the Alps, according to his agent’s office. He was 37. Ulliel portrayed the young Hannibal Lecter in 2007’s “Hannibal Rising” and fashion mogul Yves Saint Laurent in the 2014 biopic […]

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Vishal Garg, CEO of Better.com, is back

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Better.com CEO Vishal Garg ” data-medium-file=”https://www.housingwire.com/wp-content/uploads/2021/11/HW-vishal-garg.png?w=300″ data-large-file=”https://www.housingwire.com/wp-content/uploads/2021/11/HW-vishal-garg.png?w=1024″ loading=”lazy” width=”1200″ height=”726″ src=”https://www.housingwire.com/wp-content/uploads/2021/11/HW-vishal-garg.png?w=1024″ alt=”HW+ vishal garg” class=”wp-image-330967″ srcset=”https://www.housingwire.com/wp-content/uploads/2021/11/HW-vishal-garg.png 1200w, https://www.housingwire.com/wp-content/uploads/2021/11/HW-vishal-garg.png?resize=150,91 150w, https://www.housingwire.com/wp-content/uploads/2021/11/HW-vishal-garg.png?resize=300,182 300w, https://www.housingwire.com/wp-content/uploads/2021/11/HW-vishal-garg.png?resize=768,465 768w, https://www.housingwire.com/wp-content/uploads/2021/11/HW-vishal-garg.png?resize=1024,620 1024w, https://www.housingwire.com/wp-content/uploads/2021/11/HW-vishal-garg.png?resize=600,363 600w” sizes=”(max-width: 1200px) 100vw, 1200px”>Better.com CEO Vishal Garg Vishal Garg, the CEO of Better.com, is making a comeback, just one month after being forced to take administrative leave for […]

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Mortgage apps up 2.3% with new record average loan size

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Mortgage applications increased 2.3% from the previous week, largely due to a strong purchase market, according to the Mortgage Bankers Association (MBA) survey for the week ending Jan. 14. The seasonally adjusted Purchase Index rose 7.9% from the previous week, while the Refinance Index decreased 3.1% in the same period. Compared to the same week one year […]

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Africa Cup of Nations (AFCON) – Day 7 and 8

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Saturday 01/15/22 Nigeria vs Sudan | 3-1 Guinea Bissau vs Egypt | 0-1 Sunday 01/16/22 Gambia vs Mali | 1-1 Tunisia vs Mauritania |4-0 Ivory Coast vs Sierra Leone | 2-2 Algeria vs Equatorial Guinea | 0-1   details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com

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Forbearance rate drops below 1.5%

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Servicers’ forbearance portfolio volume dropped in December to a level below 1.5% for the first time in 18 months. The total number of loans in forbearance decreased by 26 basis points, to 1.41% in December from 1.67% in November, according to the Mortgage Bankers Association (MBA). The most notable decline was in the portfolio loans […]

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Milo launches a crypto mortgage product

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Milo, a Miami-based digital lender, will soon offer a crypto mortgage to clients with digital assets. And the company claims that there is already a waitlist for the product. According to Milo’s press release, clients who use the company’s services can pledge their Bitcoin to purchase a property. The company notes that this way, homebuyers […]

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U.S. Department of Education Announces Distribution of All American Rescue Plan ESSER Funds and Approval of All 52 State Education Agency Plans

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Today, the U.S. Department of Education (Department) announced that every state education agency (SEA) received approval of their American Rescue Plan Elementary and Secondary School Emergency Relief (ARP ESSER) plan before the end of December 2021. As a result, the Department has distributed all $122 billion of ARP ESSER funds to all 50 states, the […]

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The AP Interview: Exiled Artist Ai Weiwei on Beijing Games

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Ai Weiwei is one of China’s most famous artists, and many regard him as one of the world’s greatest living ones. Working with the Swiss architectural firm Herzog & de Meuron, he helped design the Bird’s Nest Stadium, the centerpiece of Beijing’s 2008 Summer Olympics.  The stadium in northern Beijing, instantly recognizable for its weave […]

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No Vaccine, No French Open for Djokovic as Rules Tighten

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Novak Djokovic risks being frozen out of tennis as he chases a record 21st Grand Slam title, with rules on travelers who are unvaccinated against COVID-19 tightening in the third year of the pandemic and some tournaments reconsidering exemptions.  The Serbian, who has not been vaccinated, was deported from Australia on Sunday ahead of the […]

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Africa Cup of Nations – Day 6

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Africa Cup of Nations – Day 6 – 01/14/22 Senegal vs Guinea | 0-0 Malawi vs Zimbabwe | 2-1 Morocco vs Comoros | 2-0 Gabon vs Ghana | 1-1   details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com

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Non-QM lenders hunt for LOs as consumer-direct model falters

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While layoffs sweep the mortgage industry, particularly consumer-direct lenders, non-qualified mortgage (non-QM) lenders are going on a hiring spree. Non-QM lenders Angel Oak Mortgage, Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. According to Evan Kidwell, chief operating officer at Griffin Funding, a consumer-direct lender that launched non-QM […]

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Freedom Mortgage dominates the MSR market

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Another large mortgage-servicing rights bulk offering is on the market this week on the heels of a $10 billion MSR package that went out to bid earlier this month.  The latest deal is being marketed by New York-based Mortgage Industry Advisory Corp., or MIAC. It is a $6.23 billion bulk-sale offering of agency MSRs, with bids […]

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Mortgage rates see sizable increase

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The average 30-year fixed rate mortgage increased to 3.45% during the week ending Jan. 13, up from 3.22% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.79%. The 15-year fixed rate mortgage averaged 2.62% last week, up from 2.43% the week prior. A year ago […]

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US Charges Man With Giving Illegal Drugs to Athletes for Tokyo Olympics

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U.S. prosecutors have charged a man with supplying performance-enhancing drugs to athletes at the Tokyo Olympics, a first under a federal law allowing criminal charges against doping conspirators at events involving U.S. athletes, broadcasters and sponsors.  The U.S. Attorney’s Office in Manhattan said Eric Lira, 41, distributed drugs, including human growth hormone, “for the purpose […]

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Guaranteed Rate closes Stearns wholesale channel

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Chicago-based Guaranteed Rate will discontinue its third-party wholesale channel, Stearns Wholesale Lending, just one year after it acquired the multichannel lender. “Guaranteed Rate will continue to thrive and win market share by having a laser focus on leveraging our industry-leading purchase platform augmented by the best loan officers in the business,” Guaranteed Rate CEO Victor […]

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FHFA’s loan-fee bump buoys PLS market

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The Federal Housing Finance Agency’s announcement last week that it will hike upfront fees for high-balance and second-home loans effective April 1 will provide a boost for the private-label securities market, according to executives at one of the leading sponsors of private-label securities. In fact, FHFA’s new fee structure for government-sponsored enterprises (GSEs) Fannie Mae and […]

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FACT SHEET: Biden-Harris Administration Increases COVID-19 Testing in Schools to Keep Students Safe and Schools Open

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This Fact Sheet was originally posted by The White House and is available here: https://www.whitehouse.gov/briefing-room/statements-releases/2022/01/12/fact-sheet-biden-harris-administration-increases-covid-19-testing-in-schools-to-keep-students-safe-and-schools-open/ details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. Department of Education