Mortgage origination activity rose last month despite rapidly rising mortgage rates as prospective buyers sought to lock in their loans. Overall origination activity jumped 19% in March from the previous month, led by a 31% increase in purchase loan locks, according to the monthly Originations Market Monitor report from Black
Top mortgage lending software and analytics provider Black Knight is reportedly exploring a sale following takeover interest from several private equity firms. But don’t misread the situation – a potential deal reflects an opportunistic move rather than an act of desperation, analysts who cover the company told HousingWire. Black Knight’s
Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. Can this last? No, it can’t. In time, markets always find balance and balance is a good thing. But, that doesn’t mean housing is going to crash. One of the reasons that
Fannie Mae’s CEO, Hugh Frater, and Sheila Bair, the chair of its board, both announced they will resign from the mortgage finance behemoth May 1. Antony Jenkins, who is currently vice chair of the board’s nominating and corporate governance committee, will also resign May 1. Fannie Mae’s president, David Benson,
Freddie Mac’s headquarters in Washington, D.C. Freddie Mac has unveiled its third credit risk transfer offering of the year through its Structured Agency Credit Risk (STACR) program. This latest transaction will bring the total note issuance so far in 2022 through STACR to $5.1 billion secured by single-family mortgage reference
Deephaven Mortgage hired Anthony Gulotta to lead wholesale sales on the East Coast, the non-QM lender announced this week. Gulatta, based in Charlotte, will work to build the lender’s presence with mortgage brokers on non-agency products. “Anthony combines a strong understanding of the business opportunities for mortgage brokers with a dedicated focus
This week’s HW+ member spotlight features Eric Lapin, who was recently appointed chief strategy officer at FormFree. Tapping into more than 25 years of experience, Lapin will strategically identify and execute growth opportunities at FormFree to drive the company forward. Prior to joining FormFree, Lapin served as first vice president of corporate development,
The Consumer Financial Protection Bureau’s attempt to revive a mortgage servicing misconduct lawsuit against Ocwen Financial Corp. is in choppy waters. On Wednesday, the U.S. Court of Appeals for the Eleventh Circuit ruled that most of the watchdog’s complaints against Ocwen that occurred from January 2014 to Feb. 26, 2017, are
It’s a depressing combination. A stunning rise in mortgage rates, historically low levels of inventory, and skyrocketing housing prices is fueling consumer pessimism. Fannie Mae‘s Home Purchase Sentiment Index, which tracks the housing market and consumer confidence to sell or buy a home, dropped by 2.1 points to 73.2 in
Mortgage Coach and ReverseVision introduced an online program that allows loan originators to give consumers a comparison of how reverse mortgages perform against traditional mortgages over the lifetime of the loan. Dubbed Reverse TCA, the integrated presentation will enable all loan officers to educate consumers with borrowing terms for reverse
Spring traditionally ushers in a rush of home transactions in the U.S., but this year, buyers are in an especially precarious spot.
They reflect sales through April 5. The average countywide price for a home is now $236,600, up 13.4% from this time last year.
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