Tag Archives: mortgage

Mortgage giants Fannie and Freddie battened down the hatches in Q3

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Fannie and Freddie remain profitable but are setting aside pots of money to cover future losses that could result from falling home prices. Continue reading →

Fathom raises transaction fees, boosts incentives amid Q3 loss

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The real estate brokerage and tech platform is accelerating cost-cutting after posting a $6 million, third-quarter loss, with revenue up 10.2 percent to $111.3 million and agent count up 33 percent, to 9,991. Continue reading →

Homebuyer sentiment falls for the 8th month in a row to all-time low

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Only 16 percent of those surveyed by Fannie Mae in October said it was a good time to buy a home, and the percentage who said it’s a good time to sell also fell, according to new data released Monday. Continue reading →

UWM overtakes Rocket Mortgage as biggest US lender after strong Q3

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United Wholesale Mortgage says it’s attracting not only homebuyers, but mortgage originators, by slashing rates and offering the latest technology to build market share. Continue reading →

Mr. Cooper announces third round of layoffs affecting 800 workers

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Mr. Cooper, which had 8,200 employees at the end of last year, laid off 250 workers from its lending business during the first quarter and announced another 420 layoffs in June. Continue reading →

Rocket’s profits down 93% as mortgage originations fall

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With rising mortgage rates drastically curtailing lending, Rocket Mortgage saw third-quarter mortgage originations plummet by 73 percent from a year ago, to $23.7 billion. Continue reading →

Those claims of appraisal bias? Another study backs them up

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Homes in white neighborhoods are valued twice as high as those in communities of color, even in places with otherwise similar housing stock, according to a study out this week. Continue reading →

Prices may be dropping, but homes still have loads of equity

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As prices began to fall, home equity held strong. Even the most distressed properties held positive equity in the third quarter of 2022, according to a new report from Attom. Continue reading →

Pointing to Ukraine war, Fed approves another drastic rate hike

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Federal Reserve Chairman Jerome Powell says the pace of rate hikes could slow but may ultimately need to go higher than the forecast in September. Continue reading →

Pointing to Ukraine war, Fed approves another drastic rate hike

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Federal Reserve Chairman Jerome Powell says the pace of rate hikes could slow but may ultimately need to go higher than the forecast in September. Continue reading →