After going public last fall, Guild Mortgage is expanding its footprint into the Northeast with an agreement to acquire South Portland, Maine-based Residential Mortgage Services Holdings Inc. for roughly $197 million. Continue reading
The parent company of Better Mortgage is going public through a merger with a blank-check firm, raising $778 million it can use to grow not only its mortgage business but also its real estate brokerage and title insurance businesses. Continue reading
Many homeowners who were granted forbearance during the pandemic are scheduled to hit 18-month program eligibility limit at the end of September. Continue reading
Demand for second homes and investment properties continues to hold steady at more than double pre-pandemic levels, despite Fannie and Freddie being ordered to limit their appetite for loans backed by these types of properties. Continue reading
The Fed now has justification to keep a tight lid on interest rates. But some fear that if employers are forced to raise wages too quickly, that could spark inflationary pressures and spook bond investors. Continue reading
In a first, more people thought April was a bad time to buy a home than a good time, according to Fannie Mae’s latest survey of home purchase sentiment. Continue reading
Rates on 30-year fixed-rate mortgage stayed beneath 3 percent for the third week in a row, welcome news for would be-homebuyers and homeowners who haven’t refinanced their mortgages yet. Continue reading
The deal expands Accurate Group’s presence in the Southeast and strengthens its national title insurance and closing capabilities. Continue reading
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
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