The average monthly principal and interest (P&I) payment for borrowers purchasing a home using a 30-year fixed-rate loan in July was $2,306, according to new data from Black Knight Inc., now part of Intercontinental Exchange Inc. (NYSE: ICE). That sum, which...
Redwood Trust, Inc. (NYSE: RWT) has launched Aspire, an in-house home equity investment (HEI) origination platform designed to provide consumers access to their home equity without additional monthly payment obligations. The Mill Valley, California-based company plans...
House Buyers of America, a high-tech platform that buys homes for cash without charging commissions or fees, has expanded its operations into Connecticut. “The Connecticut expansion was the next natural direction in our growth trajectory,” said Nick Ron, CEO of House...
Homebuyers from overseas spent $4.3 billion on nearly 10,000 residential property purchases in Texas between April 2022 to March 2023, according to new data from Texas Realtors. This activity represented 2.8% of the total number of homes sold and 3.6% of total dollar...
The level of mortgage application activity evaporated last week, according to new data from the Mortgage Bankers Association (MBA). “Mortgage applications declined to the lowest level since December 1996, despite a drop in mortgage rates,” said Joel Kan, MBA’s vice...
Pretium, an investment firm focused on U.S. residential real estate, residential credit, and corporate credit, has hired Jonathan Pruzan as president and a member of the executive committee, effective immediately. In this newly created role, Pruzan will oversee many...
