Direct mortgage lender adds former Chief of Retail Production at Guaranteed Rate to serve as its new Chief Production Officer.
Read More »Mortgage App Volume Rises for First Time in Five Weeks
Despite fixed-rate mortgages moving upward to levels last recorded in December 2000, the MBA reports both purchase and refi apps rose week-over-week, the first such increase in over a month.
Read More »Pending Home Sales Improve Over Recent Lows
“Fading recession fears and the prospect of further home price increases have brought some house hunters off the sidelines, but for the most part, buyers remain hesitant to jump into the market because their buying power is so much lower than it was a year ago,” said Redfin Chief Economist Daryl Fairweather.
Read More »Guild Mortgage Announces Acquisition of First Centennial Mortgage
National lender purchases Illinois-based firm, adding approximately 15 branches, and nine satellite offices in 17 states to its growing national retail network.
Read More »The Worst of the Lock-in Effect May be Behind Us
“The steep decline in sales driven by the rapid rise in mortgage rates seems to be behind us, as the initial shock of higher mortgage rates has worn off,” said Mark Fleming, the Chief Economist for First American Financial Corporation.
Read More »Home Equity: An ‘Obvious Solution’ to Financial Anxiety?
Researchers from Finance of America Reverse report that a lack of education about their options could be preventing Americans’ use of their homes as both a shelter and financial springboard.
Read More »Despite High Rates, There are More Buyers than Inventory for Sale
“Some buyers are hoping they can get a home for under asking price to make up for high interest rates because they’re hearing the housing market is slow. But what’s happening nationally isn’t necessarily true [locally],” said Kristin Sanchez, a Redfin Premier Agent.
Read More »Mortgage Rates Bump Up to 21-Year High
Hitting levels last recorded in 2001, Freddie Mac reports the fixed-rate mortgage at 7.23% this week, forcing more prospective buyers to back to the sidelines and pushing purchase activity to a 28-year-low.
Read More »Home Purchase Apps Drop to Near 30-Year-Low
The MBA reports a 4.2% week-over-week slide in overall mortgage application volume, with apps for home purchase mortgages falling to levels last reported in April of 1995, as rates shot up to the 7.30% range.
Read More »Better Home & Finance to Close Business Combination With Aurora
Digital homeownership company that has surpassed $100 billion in funded loans will become a publicly traded company and continue developing its proprietary loan origination platform, Tinman.
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