The largest U.S. banks are footing the bill on replenishing the deposit insurance fund that was exhausted by the collapse of three regional banks within a month. According to a Reuters report, the Federal Deposit Insurance Corp. (FDIC) has introduced a new a...
The latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC) showed rates taking a slight drop from last week. The 30-year fixed-rate mortgage averaged 6.35% as of May 11, down from last week when it averaged 6.39%. A year ago at this time, the rate...
Last month saw a total of 32,977 U.S. properties with foreclosure filings, a 10% decline from the previous month but an 8% uptick from one year earlier. According to data from ATTOM, one in every 4,234 housing units had a foreclosure filing in April. Lenders started...
Dallas-based Mr. Cooper Group Inc. (NASDAQ: COOP) has acquired all outstanding shares the wholesale lender Home Point Capital Inc. (NASDAQ: HMPT) for approximately $324 million in cash. As part of the transaction, Mr. Cooper will assume $500 million in outstanding...
The Federal Housing Finance Agency (FHFA) did a policy about-face and rescinded its recently enacted upfront fees based on borrowers’ debt-to-income (DTI) ratios for home loans acquired by Fannie Mae and Freddie Mac. The regulator announced in March it would delay...
National Association of Realtors (NAR) Chief Economist Lawrence Yun faulted the Federal Reserve for last week’s quarter-point rate hike, claiming it was unnecessary and predicted it will be the last hike for the near-future. Speaking before NAR’s 2023 Realtors...
Hudson Pacific Pushes a $1.1 Billion Hollywood Loan Maturity Into 2027 — Wi…
