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Comerica Waves Goodbye to Mortgage Banker Finance Business

Says move will improve liquidity and loan-to-deposit ratio.

Operations
Annual Inflation Slows To 4% In May

Core inflation rose 5.3%, raising speculation the Fed will pause rate hikes in June but resume them in July.

Analysis and Data
2023 Legends of Lending

In this issue, we also introduce you to the Legends of Lending. These 19 men and women have each made significant contributions to the mortgage industry.

Career
2023 Legends of Lending
Mortgage Banker
Home Prices Rise As Buyers Outnumber Sellers: Zillow

Monthly home value growth of 1.4% is the highest since June 2022.

Analysis and Data
May Rate Locks See Modest Rise

Black Knight says locks remain suppressed by high rates, lack of inventory.

Analysis and Data
GOP Bill To Repeal New GSE Pricing Framework Advances

Legislation would restore single-family pricing framework to what existed before May 1, 2023.

Regulation and Compliance
MBA: Mortgage Rates To Fall As Spread Shrinks

Economists tell real estate editors to expect some improvement in the housing market in 2024.

Analysis and Data
ATTOM: Foreclosure Filings Spike In May

Filings rose 7% from April and 14% from a year earlier.

Analysis and Data
Mortgage Rates Decline After 3 Weekly Increases

The 30-year fixed-rate mortgage averaged 6.71%, down 8 basis points from the previous week.

Analysis and Data
5 Federal Agencies Propose Guidance For ROVs

Addresses reconsiderations of value (ROV) for residential real estate transactions. 

Regulation and Compliance