BALTIMORE – Former Baltimore City State’s Attorney Marilyn Mosby was back in court Friday as a judge decided some key issues ahead of her next trial on mortgage fraud. Mosby was convicted of perjury in November for lying to withdraw money from her retirement account to buy two vacation homes in Florida. Her next trial
The big jobs report on the first Friday of any given month can be big business for interest rate volatility. Today’s example was no exception, but let’s emphasize the “can be” part of that claim. There’s potential, and then there’s reality. At first, it looked like the jobs report might live up to its potential.
California-based Pennymac Financial Services has hired Kristy Dickey, a former executive at Citizens Bank, as first vice president of TPO sales. Dickey will be responsible for growing the lender’s broker division and support its brokers and non-delegated partners, the firm said. A total of five additional senior account executives joined Dickey. The new hires joined
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK banks were lambasted last year for failing to pass on interest rate rises to savers. Now that the Bank of England rate cycle appears to have peaked they seem to be making amends by
Our experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page. Two and a half years ago, my family moved from Washington, DC to
Jeremy Hunt sets March 6 as spring budget date Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Mortgage brokers are gearing up for “price wars” among banks vying for competition, as major lenders introduced deals with interest rates of less than
Thanks for joining me. House prices increased by 1.1pc last month and by 1.7pc over the course of 2023, according to the latest data from lender Halifax. The average home was worth £287,105 in December, up more than £3,000 on the previous month. 5 things to start your day 1) Car market permanently smaller because
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Mortgage rates have eased in recent weeks as lenders rush to reprice deals following positive data about the UK economy, an uptick in house sales and growing expectations that interest rates have peaked. The average
Given the expectation of rate cuts this year from the Federal Reserve, Khater expects mortgage rates to continue drifting downward. “While lower mortgage rates are welcome news, potential homebuyers are still dealing with the dual challenges of low inventory and high home prices that continue to rise,” he added. One year ago this week, the
As 2023 brought with it mortgage rates bordering the 8%-mark, the final two months of the year saw a steady decline from that high point, as 2024 kicked off with a slight rise in the 30-year fixed-rate mortgage (FRM) according to Freddie Mac. The latest Primary Mortgage Market Survey (PMMS) from Freddie Mac as of