Weaker mortgage demand tied to low inventory, higher prices

Applications for mortgage purchase loans fell for the second week in a row at the end of April, according to the Mortgage Bankers Association’s weekly mortgage application survey. Continue reading

Homeowners are cashing out equity like it’s 2005

With home values soaring and mortgage rates still near historic lows, homeowners are cashing out home equity at volumes not seen since the height of the housing bubble. Continue reading

Nation’s fifth largest mortgage insurer joins the IPO craze

Genworth Mortgage Insurance Corp. will rebrand as Enact in a partial IPO that values the company at $3.6 billion and paves the way for a future spin-off. Continue reading

Propertybase launches new lead source for loan officers, small teams

BoldMortgage offers individuals and small teams access to many of the capabilities of Propertybase’s enterprise-level mortgage business growth platform, Unify. Continue reading

Fears of pandemic-induced foreclosure wave ease

Two-thirds of the 7.1 million homeowners who were granted forbearance during the pandemic have already left. Most of this “bellwether” group have either resumed payment on their loans or paid them off. Continue reading

How (and why) loanDepot is courting homebuilders now

LoanDepot has formed three joint ventures with builders in just over four months. Continue reading

The Real Word: What Biden’s tax proposals might mean for real estate

Watch Byron Lazine and Nicole White give a real estate agent’s perspective on industry-related topics. In this edition of The Real Word, they’ll discuss how Biden’s tax proposals could affect real estate, Zillow Zestimates in today’s housing market and… Continue reading

Cheaper home purchases by student debt holders could widen wealth gap

Hispanic and Black Americans who purchase lower-priced homes than white Americans can lead to further wealth gaps, according to a study by the National Association of Realtors. Continue reading