Tag Archives: mortgage

Mortgage Coach and Sales Boomerang merge under new CEO

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Richard Harris, a veteran of SparkPost, Oracle and AddThis, will lead the merged company, which said it will employ 144 people with no layoffs anticipated. Continue reading →

First Guaranty Mortgage cuts 76% of workforce, leaving partners in lurch

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Non-QM lender lender lays off three-fourths of workforce, saying it’s experienced “significant operating losses and cash flow challenges” and has been unable to obtain funding. Continue reading →

House payments have skyrocketed. Are they finally beginning to peak?

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Mortgage payments are as high as it’s been in recent memory. But a sudden slowdown in growth may spell a turning point for the market. Continue reading →

Fannie Mae’s latest forecast is a shocker: The Real Word

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This week, Byron Lazine and Nicole White discuss Fannie Mae’s new prediction for existing-home sales, summer marketing and the Marketeer. Continue reading →

Tomo’s new Lock and Shop: lock a rate now without a property address

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Tomo’s Lock and Shop service fee is $750, which homebuyers can recoup when they work with Tomo Brokerage partner agents. Homebuyers can choose either a 90- or 120-day rate lock. Continue reading →

Demand rebounds as mortgage rates retreat from 2022 peak

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Purchase mortgage applications are still down 10% from a year ago, with mortgage rates nearly doubling in the last 12 months, according to a survey by the Mortgage Bankers Association. Continue reading →

Real estate companies are actually not laying off staff right and left

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Recent headlines have been filled with news of layoffs, but look closer, writes author and executive Joe Rand. The companies where layoffs are occurring are wholly unrepresentative of the real estate industry and don’t represent a major trend. Continue reading →

Hippo’s mortgage partner channel takes off; helps find coverage faster

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Program piloted last year now provides services to more than a dozen mortgage lenders and loan servicers, who help 7 million people finance or refinance their homes each year. Continue reading →

The housing outlook is good, but affordability is a growing problem

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Harvard’s Joint Center for Housing Studies report, published Wednesday, dives into economic factors shaping current homebuying and renting landscapes. Continue reading →