Real Estate Broker/Agency News

Aurora extends the Better.com merger deadline once again

Blank-check firm Aurora Acquisition Corp. extended the deadline to complete its merger with struggling digital mortgage lender Better.com for the third time. The deadline for the merger is now September. The decision was made during Aurora’s shareholder’s meeting held on February 24, filings with the U.S. Securities and Exchange Commission

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The 7% mortgage is back with a vengeance

Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. And it could be a while before they tick back down, economists say. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10%, up 16 basis points from 6.94 on Wednesday. The most

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Ginnie Mae promotes Valverde, seeks COO

Ginnie Mae has promoted Sam Valverde to principal executive vice president, where he will serve as the the second-in-command to Ginnie Mae President Alanna McCargo. The government corporation is also seeking an executive vice president and chief operating officer to manage daily operations and round out the leadership team. In

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How non-QM lender A&D Mortgage grew origination volume in 2022

When the entire mortgage industry saw volume drop by more than half in 2022, nearly every lender emerged with battle scars. Rising rates caused refinances to dry up, production plummeted, and pink slips were issued to employees. Non-qualified mortgage (non-QM) wholesale lender A&D Mortgage, however, saw origination volume increase by

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