Purchase mortgage rates continue their roller coaster ride – they moved above 5% this week, according to the latest purchase mortgage survey from Freddie Mac. The 30-year fixed-rate mortgage increased this week to average 5.22%, up from last week’s 4.99%. A year ago this time, rates averaged 2.77%. The index compiles rates reported
One of the most important housing market stories in recent weeks has been the decline in new listings, which has slowed the growth rate of total inventory. What does this mean? Some have said this is evidence of a soft landing for housing since we are in August and it
Two industry titans, Tom Ferry, CEO of Tom Ferry International, and Gino Blefari, CEO of HomeServices of America, will join attendees for a fireside chat at the exclusive Vanguard Forum during HW Annual Oct. 4. These two powerhouse leaders have been renowned in the industry for many years, and we’re
Nonbank lender Panorama Mortgage Group has added Texas-based Lone Peak Lending to its growing stable of brands. Lone Peak is the fourth lender to join Panorama this year, following the additions of Utah-based Rely Home Loans, Texas-based Prosperity Mortgage and Oregon-based Vision Mortgage Group. Donovan Stamps, a 27-year mortgage veteran with
California Democratic Congresswoman Maxine Waters wants Consumer Financial Protection Bureau Director Rohit Chopra to put a “moratorium” on Equifax, after it reported faulty credit scores of millions of consumers. Waters, who chairs the House Financial Services Committee, asked Chopra to stop the credit bureau from sending scores to financial institutions
Despite recording yet another quarter with a net loss, Doma executives remain steadfastly committed to reaching profitability by the end of 2023. During the second quarter of 2022, the title underwriter earned $124 million in revenue, down from the $130 million recorded a year ago, but up 10% from the
When the sky is falling in the mortgage industry, generally there is something else that is rising. For many larger nonbank lenders, including UWM Holdings Corp., the parent of United Wholesale Mortgage (UWM), what is rising in their favor is the value of mortgage servicing rights (MSRs). UWM, the nation’s largest wholesale mortgage lender,
Ginnie Mae and the Federal Housing Administration are looking to take a bigger bite out of manufactured housing finance. In a request for input the agencies published at the end of July, FHA and Ginnie Mae detailed an array potential changes to make the manufactured housing Title I program more
Angel Oak Capital Advisors, the investment management arm of non-QM lender Angel Oak Cos., has agreed to pay $1.75 million to settle charges brought by the U.S. Securities and Exchange Commission (SEC) alleging that the company misled investors about the delinquency rates in a 2018 private-label securitization involving fix-and-flip loans. Also
After rising to its highest level in 40 years in June, inflation dropped slightly in July. Thanks to a decrease in the gasoline index the Consumer Price Index (CPI) remained unchanged from the month prior, after hitting a 1.3% seasonally adjusted rate in June, according to data released Wednesday by
Mortgage demand remained relatively flat last week amid volatility in mortgage rates in recent weeks. The market composite index, a measure of mortgage loan application volume, rose a marginal 0.2% for the week ending August 5, according to the Mortgage Bankers Association (MBA). The market index is down 62% compared
René Rodriguez, the author of the best-selling book, “Amplify your Influence: Transform how you Communicate and Lead,” is slated to share his expert insights on leadership and influence during the Vanguard Forum at HW Annual this year. Joining as the keynote speaker for what should be the most powerful room
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