‘Barely Legal’: EasyKnock exec at war with Strokes bassist over yard

Julie de Pontbriand of EasyKnock and Nikolai Fraiture of The Strokes have been engaged in a legal battle over a coveted greenspace behind their adjacent properties since 2021. Continue reading

Housing is outperforming, but recession may still be in the cards

Fannie Mae economists say “extraordinarily tight” inventories of existing homes driven by mortgage lock-in effect has shifted demand toward new homes. Continue reading

Housing counseling agency sues its founder for alleged fraud

The National Asian American Coalition said only a small percentage of the counseling sessions it billed California $12 million for was actually provided. Continue reading

Mortgage demand slips with homebuyers wary of rate volatility

Rise in mortgage rates defies expectations as unusually wide “spread” between 10-year Treasury yields and mortgages reflects investor fears of another refi wave. Continue reading

Maxwell’s LenderSelect deal grows footprint with community banks

The deal to acquire LenderSelect from Blue Ridge Bankshares will also enable “significant expansion” of the secondary market trading platform, Maxwell Capital. Continue reading

Freddie Mac spotlights lenders for promoting affordable loans

UWM, Rocket and Fairway were enthusiastic backers of Freddie Mac’s Home Possible mortgage in 2022, which lets low-income homebuyers put as little as 3 percent down. Continue reading

Encompass users gain access to title data with Flueid integration

ICE Mortgage Technology’s popular loan origination system connected to Flueid Decision for underwriter-backed title clearance decisions on properties. Continue reading

Consumers finally get it: Mortgage rates are probably going down

A more optimistic outlook of where mortgage rates are headed drives the largest increase in Fannie Mae’s Home Purchase Sentiment Index in more than two years. Continue reading

Mr. Cooper closing in on $1T portfolio with Home Point deal

After selling off originations businesses and laying off thousands, Home Point will sell $84 billion in mortgage servicing rights for $324 million in cash. Continue reading