Tag Archives: mortgage

California homebuyers will finally get the option to close virtually

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Although the timeline is uncertain, the nation’s most populous state is on track to fall in line with 44 others that allow RON, a process that can speed real estate closings. Continue reading →

Divvy Homes letting 95 employees go, including senior managers

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The third round of layoffs in the last 12 months affects employees in 21 states, including Divvy’s chief legal officer, vice president of compliance and head of design. Continue reading →

Consumer homebuying sentiment has plateaued at ‘pessimistic’

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Most Americans polled by Fannie Mae last month said they would rather buy than rent, but a record-high 82 percent also said August was a bad time to buy. Continue reading →

Hubzu operator Altisource to issue more stock to pay down debt

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The Luxembourg-based real estate and mortgage services provider, which has slashed nearly 400 positions this year, raised $20.5 million in a February offering that it used to pay down debt. Continue reading →

Purchase loan applications once again at lowest level since 1995

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Mortgage rates are climbing back toward 2023 highs as more inflation data comes in hot, spurring fears of another Federal Reserve rate hike in November. Continue reading →

Regulators place Porch’s insurance subsidiary under supervision

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Fallout from the bankruptcy of reinsurer Vesttoo Ltd. ripples through the insurance industry, with Texas regulators keeping tabs on Homeowners of America Insurance Co. Continue reading →

Latest jobs numbers could be nail in the coffin for interest rate hikes

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Mixed payroll and unemployment report sends long-term interest rates surging, but some analysts say the latest numbers reduce the odds of a September Fed rate hike. Continue reading →

Insurers ‘dodged a bullet’ as Hurricane Idalia slams rural areas

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Mortgage giants Fannie Mae and Freddie Mac outline relief for victims, including forbearance suspending mortgage payments for up to 12 months. Continue reading →