"The impact on both the company and the industry will be very evident. The 50 bps Fed cut is welcomed news, and we are hopeful it will have a positive impact on the broader housing market... our industry is more focused on long-term interest rates and the 10-year Treasury yield has already seen a decline over the past two months in anticipation of a Fed rate cut."
"Higher LTVs can enable more net new borrowers to qualify and the CMT 10-year rate changes enable borrowers to get higher proceeds. These are helpful tailwinds for our business."
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