News & Articles

For a young man in his early 20s, he recalled the money was pretty good: “It worked for me as a single young guy where I was able to make more money than I’d made in any prior jobs and be able to learn some things as I went along.” The novelty begins to wear off But...

Both refinance, and purchase applications decreased 5% week over week. The refinance share of mortgage activity stayed unchanged at 27.4% of total applications. “Since rates have been so volatile and for-sale inventory still scarce, we have yet to see sustained growth...

“Over the last year, we’ve consistently rolled out innovations to ensure our digital tools are improving speed and efficiency, reducing risk and, ultimately, helping us serve our mission by reaching more qualified borrowers,” said Kevin Kauffman, single-family vice...

Union Home Mortgage (UHM) has announced that Matt Roberts (pictured) will move into the role of regional manager to spearhead new growth in the Pacific Northwest region. In his new position, Roberts will oversee sales growth across the West Coast, including Alaska,...

Serious delinquency rates (90+ days past due) continued to improve nationally, with the number of such loans decreasing in 45 states (90%) and Washington, D.C. Foreclosure starts plunged 23% to 25,000 for the month, the lowest level since September 2022 and 45% below...

This then triggers additional activity: “Once you’re in your new home, the next step is going to be to sell your old one – which will have to happen within six months,” Richardson said. “It’s at that point you’ll pay off your old mortgage and the bridge loan.” Bridge...

The 1% down payment program was designed specifically to serve millions of Americans from low to moderate income-level households struggling with housing affordability. Homebuyers whose income added up to 80% or less than their area median income (AMI) and who were...

Census figures suggest a rebound in housing activity And yet, hope appears to be on the horizon – starting in July anyway. Joel Kan, MBA’s vice president and deputy chief economist, echoed Broeksmit’s assessment on the impact of the higher mortgage rates, noting they...

The report started off by noting that interest in multifamily assets on Ten-X had not flagged. On the contrary, page views on multifamily properties posted on Ten-X had surged by almost 50% from the first quarter of last year, hitting “new heights” for the platform....

What once was certain is now up for debate From there, the waters are further muddied: “However, the NBER also says there is ‘no fixed rule about what measures contribute information to the process or how they are weighted in our decisions,’ Investopedia reported....

Planet Financial Group has launched a loan servicing division targeting the commercial lending market. Planet’s new division will deliver a wide range of tools and services, spanning automated payment processing, detailed asset and financial tracking, investor...

Notably, housing’s performance stands out as a leading indicator, presenting a mixed picture of the overall economic outlook. Read next: Mortgage rates could soar by 22% if U.S. defaults on debt – Zillow “Housing remains exhibit number one for why we expect the...