Quantitative tightening has helped to keep mortgage rates elevated, but new concerns over how it impacts market liquidity could lead the Fed to end the program. https://www.nationalmortgagenews.com/news/repo-volatility-raises-concerns-about-quantitative-tightenings-future
NextGenMortgage
Wells Fargo nearing ‘trough’ in deposit costs after Fed rate cut
The megabank's scale hasn't made it immune from the deposit wars that have crimped bank profits. But the "stabilization" that Wells Fargo flagged is a positive sign as other banks start reporting earnings....
22 cities where renting is more expensive than owning
There is a $446 difference between typical rent payments and typical mortgage payments in New Orleans. https://www.nationalmortgagenews.com/list/22-cities-where-renting-is-more-expensive-than-owning
Judge rejects Mr. Cooper’s bid to stop ‘junk fee’ lawsuit
The Consumer Financial Protection Bureau has voiced its support for consumers contesting a $25 statement fee on expedited payoff quotes. https://www.nationalmortgagenews.com/news/judge-allows-mr-cooper-pay-to-pay-suit-to-move-forward
Feds team up to take on bad solar lending practices
The Treasury, CFPB and Federal Trade Commission are joining forces to warn consumers about predatory practices in financing solar energy panels. https://www.nationalmortgagenews.com/news/feds-team-up-to-take-on-bad-solar-lending-practices