Homebuyers will suffer if President Biden and the GOP leadership cannot reach an agreement on the debt ceiling, according to a data analysis from Zillow Group (NASDAQ: Z, ZG). While acknowledging that a debt default was “very unlikely” Zillow predicted mortgage rates...
Clever Real Estate, the St. Louis-headquartered real estate technology company, announced it raised an additional $2 million in funding from the venture capital firm Cultivation Capital and EssentVentures LLC, a subsidiary of Essent Group Ltd. (NYSE: ESNT). The...
The luxury home building firm Toll Brothers Inc. (NYSE:TOL) has unveiled its newest community: Toll Brothers at Wildflower, which is coming to Saratoga Springs, Utah. Construction of the sales center and model homes is now under way and sales will begin this fall. The...
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 current economy has made things challenging for real estate professionals. Interest rates have been climbing for more than a year, which means mortgage rates have also been on the rise. Those increases have discouraged both sellers and builders. As a result, the...
The Federal Housing Finance Agency (FHFA) did a policy about-face and rescinded its recently enacted upfront fees based on borrowers’ debt-to-income (DTI) ratios for home loans acquired by Fannie Mae and Freddie Mac.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...
Hits and Misses for the Real Estate Week of Aug. 24-28
