Mat Ishbia, the CEO of United Wholesale Mortgage (NYSE: UWMC), voiced his support for the 50-year mortgage floated by President Trump and Federal Housing Finance Agency Director Bill Pulte while praising them for concern and support of the housing market. In a video...
Real estate investors purchased 17% of homes sold during the third quarter, up by a scant 1% from a 16% share recorded one year earlier. According to data from Redfin, the total investor home purchases came to roughly 52,000 transactions. Investors bought 1% more...
Starter home sales during October were up by 4.9% from one year according to a new data report from Redfin. In comparison, home sales for mid-priced (+0.7%) and high-priced (+0.8%) residences were also up from one year earlier. Among pending home sales, the starter...
Deephaven Mortgage, a Charlotte, North Carolina-headquartered non-QM lender, has launched its Equity Advantage HELOC product that includes an option for self-employed borrowers to qualify based on 12 months of personal or business bank statements in lieu of tax...
Mortgage rates declined for the second straight week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate averaged 6.19% as of Dec. 4, down from last week when it averaged 6.23%. A year ago at this time, it...
California was home to four of the five of the riskiest housing markets during the third quarter, according to the latest Housing Risk Report published by ATTOM. The five riskiest housing markets in ATTOM’s analysis were Butte County, California; Humboldt County,...
