Seattle-headquartered Zillow Group Inc. (NASDAQ: Z, ZG) has promoted Jeremy Hofmann to chief financial officer (CFO). Hofmann joined Zillow Group nearly six years ago and most recently served as senior vice president of corporate development and strategy. Prior to...
Freddie Mac (OTCQB: FMCC) released the results of its Primary Mortgage Market Survey, and it is not welcome news for those hoping to see mortgage rates decline. The 30-year fixed-rate mortgage averaged 6.39% of May 18, up from last week when it averaged 6.35%. A year...
There was bad news and good news for independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks during the first quarter of this year. The bad news: these entities reported a net loss of $1,972 on each loan they originated during the quarter,...
Mortgage application activity slowed last week as rates continued to rise, according to new data from Mortgage Bankers Association (MBA). The MBA’s Market Composite Index, a measure of mortgage loan application volume, was down by 5.7% on a seasonally adjusted basis...
Single‐family housing starts in April were at a rate of 846,000, a 1.6% increase from the revised March figure of 833,000, according to data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Privately‐owned housing starts in April...
Builder confidence in the market for newly built single-family homes rose five points this month to 50, according to the latest Housing Market Index (HMI) report from the National Association of Home Builders (NAHB) and Wells Fargo (NYSE:WFC). This is the fifth...
AmeriHome Takes Nearly $395 Million of Agency-Eligible Mortgages to the Pri…
