It was a May that was worth forgetting, according to the latest Realtor.com Housing Report that recorded home price growth of only 0.9% year-over-year, the slowest rate since the company began recording this data in 2016. “April and May are historically popular...
Planet Home Lending LLC, a Meriden, Connecticut-headquartered mortgage lender and servicer, announced the asset acquisition of retail lender Platinum Home Mortgage Corp., based in Hoffman Estates, Illinois. According to the companies, Planet will acquire the majority...
Measurabl, a San Diego-based company that offers an environmental, social and governance (ESG) technology platform for the real estate industry, announced the close of its $93 million Series D round of funding. According to the company, the round was oversubscribed....
Elon Musk’s prediction that the U.S. residential real estate market is on the cusp of a collapse received a sharp rebuke from Glenn Kelman, CEO of the brokerage Redfin (NASDAQ:RDFN). On Monday afternoon, the Tesla (NASDAQ:TSLA) chieftain offered a doom-and-gloom...
Americans were not rushing to fill out mortgage applications last week. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of mortgage loan application volume, decreased 3.7% on a seasonally adjusted basis for the week ending May 26 compared to...
A coalition of 18 Republican governors called on the Biden administration to reverse the Federal Housing Finance Agency’s (FHFA) changes to the Fannie Mae and Freddie Mac loan level pricing adjustment (LLPA) structure for borrowers seeking a mortgage. “The new LLPA...
