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“[Private-label securities are] currently a small fraction of the market–just 3 percent. But it’s 3 percent of a $12 trillion market, so it’s still a lot.”
–Vanessa Purwin, Senior Director with S&P Global Ratings, speaking at the MISMO Fall Summit.

FOMC Pushes Up Rate Hike Schedule

The Federal Reserve isn’t planning on raising key interest rates any time soon, but the trigger finger appears to be getting itchier.

August Existing Home Sales Down 2%

Existing home sales fell in August, the first decline in three months, the National Association of Realtors reported Wednesday.

Todd Sheinin of Homespire Mortgage: The Future of the Mortgage Office–Redefining the Workplace in a Post-Vaccine Environment

With the effects of the pandemic now stretching into a second year, many mortgage companies are beginning to feel the pressure to have employees return to the office. However, while returning may seem like the right move on the surface, it is important to consider the reasoning behind this decision and whether it is completely necessary.

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“The biggest news out of this meeting was the change in FOMC projections, with most members now seeing a first interest rate hike in 2022, which is faster than many market participants had previously anticipated.”
–MBA Chief Economist Mike Fratantoni.