A retail channel veteran, Promisco has spoken frequently about the potential of AI to bring efficiency and lower costs in the loan origination process.

Executives surveyed by American Banker said companies vying to wrestle market share from banks are a major threat to operations in the coming year.

The Supreme Court Wednesday appeared skeptical of the Justice Department’s argument that removal of a Federal Reserve governor is unreviewable or that the president’s preference for Fed governors outweighs the harm to the Fed from curbing the central bank’s political independence.

An index of contract signings decreased 9.3% to 71.8 last month, according to data released Wednesday by the National Association of Realtors.

Bonds Recovering a Bit After “Framework of a Deal” on Greenland

Geopolitics have been front and center for financial markets over the past 2 days with both stocks and bonds taking clear cues from newswires pertaining to tariff brinksmanship, trade deal negotiations, foreign wealth fund participation, and ultimately, the late-day announcement of a “framework of a deal” regarding Greenland. Details are in short supply, but the most important development being a pause on the plan to implement new tariffs on February 1st. Markets are cautiously trading this as a win for now with stocks and bonds at the best levels of the week, but definitely not back in line with last week’s levels. 

Econ Data / Events

MBA Purchase Index (Jan)/16

194.1 vs 184.6 prev

MBA Refi Index (Jan)/16

1580.8 vs 1313.1 prev

Pending Home Sales

71.8 vs 79.2 prev

Market Movement Recap

09:54 AM choppy, sideways overnight session and little-changed so far. MBS up 2 ticks (.06) and 10yr down 1bp at 4.286

01:25 PM reasonably well received 20yr bond auction.  10yr down 3 bps at 4.266 and MBS up an eighth.

02:57 PM Best levels of the day after Greenland-related tariff pause and word of a “deal framework.”  MBS up 6 ticks (.19) and 10yr down 4.6bps at 4.25

The President is promising big announcements on housing affordability issues in Switzerland, but will it include ending the GSE conservatorships?

Representatives of both insurers and policyholders point out multiple flaws in the new laws and additional proposed bills.

What’s said in the online video, which replicates the president’s voice with his permission, may be as important to lenders as how the message is delivered.

Hot securitization sectors such as non-qualified mortgages and home equity are set to expand further amid market shifts this year, recent forecasts suggest.

The real estate data firm said the merger will support efforts to scale and plans to ramp up development of enterprise technology products.