Following The Loan Store’s acquisition of certain assets of Homepoint’s wholesale originations channel, 26-year industry veteran officially takes over the role of CEO.
Read More »Lingering Economic Concerns Push Mortgage Rates Upward
Along with a lack of inventory in the nation’s housing supply, Freddie Mac reports the 30-year fixed-rate mortgage continues to edge toward the 7% mark, further dampening the spring homebuying season.
Read More »Eight Consecutive Quarters of Lending and Refinance Declines
"Lenders saw opportunities dwindle even more during the first quarter as the longest slowdown in mortgage activity in at least 20 years continued," said Rob Barber, CEO at ATTOM.
Read More »Slowing Growth May Hamper New Home Prices Peak This Year
“Weakening home price growth for the past 12 months is increasing the odds that we may not see a new home price peak this year, for the first time in the history of our listing data, which dates back to mid-2016, and this is likely welcome news to homeshoppers," said Danielle Hale, Chief Economist for Realtor.com.
Read More »PAVE Task Force Takes New Actions to Address Appraisal Bias
A series of actions set forth by the Biden Administration aims to strike out appraisal bias and level the playing field in building generational wealth via homeownership.
Read More »Planet Home Lending Acquires Platinum Home Mortgage
In the deal, Planet Home acquires a majority of Platinum Home's origination staff, including more than 20 branch offices in strategic locations nationwide.
Read More »Alec Hanson to Lead Marketing Efforts at loanDepot
Former loanDepot SVP of Production for the Western Division is promoted to new role as Chief Marketing Officer, bringing nearly two decades of sales and production experience to the role.
Read More »Mortgage App Volume Falls for Third Consecutive Week
As mortgage rates creep toward the 7% mark, the MBA reports a third straight week of waning interest in mortgage apps, with a lack of inventory playing a role in purchase app drop-off.
Read More »Report: ‘Stark Regional Differences’ in Home Price Appreciation
“The modest increases in home prices we saw a month ago accelerated in March 2023,” says Craig J. Lazzara, Managing Director at S&P DJI. “The National Composite rose by 1.3% in March, and now stands only 3.6% below its June 2022 peak.”
Read More »Small Businesses Brace for Section 1071
A panel of experts will discuss the reach of Section 1071 of the Dodd-Frank Act, a measure that requires financial institutions to collect and report data on small business loans, in the next chapter of the Five Star Institute Webinar Series.
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