Amid the most challenging mortgage market in decades, multichannel lender Finance of America (FoA) plans to sell its retail division and shut down its wholesale channel, multiple sources told HousingWire. According to former top executives and business partners, FoA signed a letter of intent to sell its retail business to
Pending home sales continued to drop in August, recording a 1.0% month-over-month decline that resulted in an index reading of 88.4, according to data released Wednesday by the National Association of Realtors. In July, the index fell 1.0% after recording an 8% drop in June. The Pending Home Sales Index has declined for
Last month, President Joe Biden announced the federal government would forgive hundreds of billions of dollars of student loans. I believe this initiative is one of the most consequential administrative actions for housing in a generation. It could make homeownership accessible for millions of new homebuyers. The student loan debt forgiveness decision has
A Vilano home tops the list of most expensive real estate transactions from Aug. 14-20, according to St. Johns County Property Appraiser.
How much are homes selling for in your neighborhood? Check this list of deed … Lake Weir: Briggs Robert C to Rsj Real Estate LLC, $805,000.
In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here. Tuesday, September 27, 2022. Wednesday: Pending Home Sales.
Non-QM specialist Angel Oak Mortgage Solutions is the latest player in the space to cut a sizable chunk of its workforce amidst widespread market volatility. The company issued pink slips to 75 employees last week, about 20% of its workforce, citing the “current economic environment that has challenged the entire
Demand for mortgage loans dropped following the Fed’s decision to raise interest rates by an additional 75 basis points last week. The market composite index, a measure of mortgage loan application volume, declined 3.7% for the week ending September 23, compared to the previous week. It was also down 66%
MAXEX, a major mortgage trading and aggregating platform, has unveiled a series of new programs designed to serve originators and loan buyers in the growing non-QM lending market. The increasing demand for non-QM loans (more broadly defined as nonprime) has run up against market volatility, as mortgage rates have doubled
The Federal Housing Finance Agency (FHFA) Office of the Inspector General on Wednesday said the agency has not adequately defined the rules and scope of its executive compensation practices. The OIG concluded that the agency should update its rules and procedures and determine if it has enough staff to vet
We’re excited to have Jim Jumpe, senior vice president and chief marketing officer at Arch MI, as a part of our speaker lineup for the Marketing Leaders Success Summit at HousingWire Annual. Jumpe will be a panelist on the “1+1=3, The Marketing Strategy of M&A” panel, Oct. 3. He will
New home sales came in as a massive beat of sales estimates, with a 28% month-to-month increase. And, out of the 461,000 new homes available for sale, only 49,000 have been completed and are available to be occupied. These are both crazy stats! Monthly supply data fell — in normal
Lake & Town Realty Partners With Real Estate Portal Lakefront Living Realty LLC
Reseller Hosting Provider Launches White Label Webhosting Education Campaign For Freelancers
Commercial Flooring Veteran Launches Florida Home & Business Services Serving Greater Orlando
Ohio Investment Real Estate Broker Launches New Property Search Website
RE/MAX Executives Nampa Office Relocates To New Building Adjacent To Ford Idaho Center
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