The company blamed its financial position on the effects of the COVID-19 pandemic, difficulty securing funding for new construction and “unsuccessful attempts to secure additional capital and business.” Continue reading
Flagstar Bancorp Inc., a top 20 mortgage lender that does business nationwide, is merging with the nation’s largest thrift, New York Community Bancorp Inc., in a $2.6 billion deal will give the combined company nearly 400 branches in nine states. Continue reading
The end-to-end lending and services platform will begin trading stock on the New York Stock Exchange beginning Monday. Continue reading
Although the market is currently red-hot, Redfin’s latest report released on Friday revealed that homebuyers may give up as home prices continue to grow. Continue reading
The Prudential Financial vet served on Freddie Mac’s board of directors for about one year before being named the company’s interim chief executive officer. Continue reading
Active COVID-19-related forbearance volumes declined by a net 34,000 for the week ending June 2, the first weekly decrease since the CARES Act went into effect, according to data released Friday. Continue reading
Vishal Garg and Adena Hefets discussed how the pandemic is impacting financing for homebuyers during a panel titled “Advances in Ways to Buy a Home.” Continue reading
Adam Contos discussed managerial strategies in uncertain times, wearing his values on a t-shirt and volatility, uncertainty, complexity and ambiguity. Continue reading
During these unprecedented times, it’s important for agents to do everything they can to protect themselves and their buyers from hiccups during the process. Here are a few things you can do. Continue reading
According to Down Payment Resource’s latest report, millennials and Gen-Zers were on track to hit their homebuying peak before April’s record layoffs. Continue reading