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
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
The coverage of Zillow’s latest results is fantastically uninspiring. Lots of big numbers, devoid of context. But when the dots are connected they reveal a rich story about the business’s evolution to Zillow 2.0. 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
Mortgage foreclosure litigation attorney Jason Vanslette shares how the moratorium ruling impacts landlords and property owners — and why waiting to evict may be the smart move. Continue reading