Citing volatile trading in shares of mortgage insurers, Genworth Financial has postponed plans to sell off part of its mortgage insurance subsidiary in an initial public offering. Continue reading
A weekly mortgage rate survey from Freddie Mac shows rates continuing to slide, but the snapshot of average rates over a seven-day period doesn’t fully reflect new data that’s pushed rates up this week on renewed worries about inflation. Continue reading
Knock Home Swap is now available in 40 markets in 10 states with the latest expansion into South Carolina and new markets in North Carolina. Continue reading
Consumers who’ve had a collection hit their credit report might be wondering if they should pay it off or hold off. Micah Curtis shares the right move to make — and the answer is not what you might think. Continue reading
Rocket Mortgage has eclipsed the Quicken Loans brand in the minds of consumers so the company plans to officially change its name on July 31. Continue reading
A dip in mortgage rates to the lowest levels since February helped boost applications for both purchase mortgages and refinancing last week, the Mortgage Bankers Association reports. Continue reading
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