Nonbank mortgage lender and servicer Ocwen Financial Corporation reported a $58 million profit in the first quarter, according to preliminary quarterly results released Thursday. The company greatly bettered the $2 million loss in the fourth quarter of 2021 and increased its profits by a factor of six compared to the
Colorado Springs, Colorado. The original uploader was Postoak at English Wikipedia., CC BY 2.0 , via Wikimedia Commons Due to rising mortgage rates, soaring home prices and low inventory, the title insurance industry is falling precipitously from the record highs achieved during the pandemic. But Stewart Information Services Corporation, the
Ohio-based Union Home Mortgage is the latest in a string of lenders this week to institute workforce reductions. “The residential housing market has turned quickly due to historically low inventory of homes for sale and a rapid rise in interest rates due to inflation,” Cindy Flynn, chief marketing and communications
Freddie Mac reported net income of $3.8 billion for the first quarter of 2022, an increase of 37% year-over-year, even as purchase and refinance activity continued to decline. The company’s net worth climbed to $31.7 billion, up nearly $13 billion from the same time last year. Its single-family mortgage portfolio
Residential real estate brokerages will not do as well in 2022 as they did in 2021, but let’s not get carried away. That seemed to be the message of Realogy Holding Corp.’s quarter one earnings just as the stock markets opened early Thursday morning. The Madison, New Jersey-based conglomerate whose
A combination of home price appreciation, inflation, and low housing inventory continued to dent homebuyers’ ability to buy homes in March. The trend of a decrease in homebuyer affordability is forecast to persist in the coming months, hitting first-time buyers the most. The national median monthly mortgage payment settled in
A run-up in rates is setting the stage for a slowdown in home sales this year as increased borrowing costs reduce would-be buyers’ purchasing power.
Recent real estate coverage:Sarasota metro set a record in March with … among several high-ranking Florida metros for most $1 million home sales.
A former dairy farm and home that were constructed by Dutch settlers around 1790 are on the market for $1,995,000. The 37-acre property, …
And low interest rates made buying a home cheaper. Combine those factors with not enough houses for sale and the effect was a red-hot housing …
(The Center Square) – New Hampshire housing costs are continuing to skyrocket with the median price of a single-family home in one month jumping …
Single family home for sale at 5062 Fillmore St. in Denver is pictured on April 26, 2022. Jon Roberts, Realtor at Denver’s Banyan Real Estate, …
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
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Ohio Investment Real Estate Broker Launches New Property Search Website
Zillow News Truth Delta: Opinion & Editorial