The U.S. rental market has been slowing for more than a year, but the median asking rent is still not far off record highs, according to a new report from Redfin. The median asking rent hit $2,029 in June, up from $1,995 in May, the listings platform and brokerage said
CoreLogic, a provider of real estate data, analytics, and solutions, unveiled this week an upgrade to its CoreLogic Discovery Platform, offering users streamlined access to data-driven business analysis. The recent enhancement introduces pre-designed solutions tailored to assist mortgage lenders in transforming data into valuable insights. With this update, users can
Three veteran sales executives at Movement Mortgage have parted ways with the South Carolina-based lender to join the competitor Summit Funding, sources told HousingWire. Deran Pennington, who spent the last 15 years at Movement and until June 2023 held a national sales director position, is joining Summit as a divisional
United Wholesale Mortgage (UWM) on Wednesday announced two new home-affordability mortgage products designed to help underserved borrowers become homeowners. UWM, America’s top residential mortgage lender, is offering Fannie Mae‘s Special Purpose Credit Program (SPCP) through HomeReady as well as Freddie Mac’s BorrowSmart Geo-Target program. These offerings will be available in select metro
The CPI data released today shows the growth rate of inflation cooling off, and that’s good for mortgage rates. If inflation were running hot like in the 1970s, mortgage rates would have easily gotten to 8%-10% last year. The fact that the growth rate of inflation has been falling over
Purchase loans continue to claim a larger share of the origination pipeline as refinance opportunities dwindle, according to Black Knight’s originations market monitor report. In June, purchase locks made up 88.4% of the month’s market mix, a record high. Purchase lock counts were down 31% year over year and 29%
You know what loan officers and real estate agents love almost as much as cashing a commission check? Complaining about other loan officers and real estate agents. And they have good reasons to do so. Talk to a top producer in either field and he or she will tell you: the
BlackFin Group announced on Wednesday the appointment of Christopher Call as the principal consultant on the BlackFin Group Professional Services team. In this new role, Call will assume leadership of the expanding team. The professional services team primarily focuses on providing assistance to lenders and mortgage technology vendors in implementing
CrossCountry Mortgage (CCM), the nation’s third largest retail mortgage lender, announced this week that it has created a new position, the senior vice president of housing initiatives, which is aimed at expanding affordable housing options. The company has named Jayma Banks to fill this role. In this role, Banks will
Inflation cooled significantly last month, representing arguably the most promising news for the housing industry since the Federal Reserve began instituting aggressive price control measures 16 months ago. But it’s just one report, and the Fed is likely to stay the course until signs point to a ‘break’ in the
Mike Cagney’s Figure Technologies announced a collaboration with CMG Financial, CrossCountry Mortgage, Fairway Independent Mortgage and The Loan Store as private-label partners. The collaboration with several of the country’s top independent mortgage banks is aimed at getting Figure’s home equity line of credit (HELOC) products in front of homeowners who
As mortgage rates reached their 2023 peak, mortgage applications rose slightly but remained very low last week. For the week that ended July 7, mortgage applications rose 0.9% from the prior week, according to data from the Mortgage Bankers Association. “Incoming economic data continue to send mixed signals about the
Meridian Listing Agent Kevin Harper Says Idaho Real Estate Market Stronger Than Many Expected
Lake & Town Realty Partners With Real Estate Portal Lakefront Living Realty LLC
Reseller Hosting Provider Launches White Label Webhosting Education Campaign For Freelancers
Ohio Investment Real Estate Broker Launches New Property Search Website
Zillow News Truth Delta: Opinion & Editorial