Real estate investors bought more than one-quarter (26.1%) of lower-priced homes sold in the fourth quarter of 2023, according to new research from Redfin (NASDAQ:RDFN). This marked a new record high and an increase from the 24% share recorded one year earlier. By...
San Diego-headquartered Guild Mortgage (NYSE: GHLD) has acquired the retail lending assets of Academy Mortgage Corp., a Utah-based lender. Academy generated $5.59 billion in loan originations in 2023, and its approximately 200 branches and more than 1,000 employees –...
Hollywood, Florida-based A&D Mortgage is taking advantage of the quadrennial occurrence of a 366th day with its “Leap into Savings” promotion for mortgage brokers. Beginning today running through Feb. 29, “Leap into Savings” promotion offers a 37.5...
Mat Ishbia, CEO of United Wholesale Mortgage (NYSE:UWMC), is starting a new company that will encompass his investments in real estate, sports and entertainment into a single entity. The new company will be called the Player 15 Group and will include Ishbia’s sports...
Fewer people were filling out mortgage applications last week, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, dropped by 2.3% week-over-week on a seasonally adjusted...
