Today’s inflation reports show that Federal Reserve rate cuts are in play in 2024 — not because of the labor market breaking, but because real rates are too high. If the labor market gets weaker, meaning jobless claims break over 323,000 on the four-week moving average, we can get even more rate cut

Cenlar FSB, the second-largest mortgage servicer and largest subservicer in the U.S., has partnered with financial services-focused data and analytics company BaseCap Analytics to pilot a new program designed to enhance regulatory and operational processes and compliance.The technology is designed t

The Council of Multiple Listing Services announced its new board of director members for 2024 on Tuesday. The MLS trade group said the new directors will assume their roles starting Jan. 1, 2024.The two new directors elected to the board are Justin Haag, the general counsel and incoming president an

California-based mortgage lender loanDepot on Tuesday announced the launch of its fully automated underwriting engine called melloNow.The new system, which has been in beta-testing for the last several quarters, delivers a fully conditional loan approval “in minutes rather than hours or days,” the c