More than 300 employees laid off during a conference call this afternoon. Sprout Mortgage, which often billed itself as one of the nation’s fastest-growing lenders and largest non-QM originators, shut its doors today, according to former employees. The former employees, who asked not to be identified, said Sprout President Shea Pallante held a companywide phone …
Home loan rates increased slightly from the previous week as we are just a couple of weeks before the next Fed meeting. Let’s walk through what happened and discuss what to look for in the week ahead. “As I will explain, this very tight labor market has implications for inflation and the Fed’s plans for …
This past week, home loan rates improved slightly in response to growing fears of a recession. Let’s walk through what happened and discuss what to look for in the week ahead. “What we need to see is inflation coming down in a clear and convincing way, and we’re going to keep pushing until we see …