There was bad news and good news for independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks during the first quarter of this year. The bad news: these entities reported a net loss of $1,972 on each loan they originated during the quarter,...
It’s no secret that today’s housing market poses a number of obstacles to purchasing a home. Interest rates have risen nearly three percentage points over the last year. Inflation has cooled but remains high. And housing affordability and housing availability remain...
Single‐family housing starts in April were at a rate of 846,000, a 1.6% increase from the revised March figure of 833,000, according to data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Privately‐owned housing starts in April...
Atlanta-based Equifax (NYSE: EFX) has unveiled Employment Select+, a new tool for the mortgage origination process. Employment Select+ uses data from Equifax’s proprietary database The Work Number to provide originators at closing with an instant view into a...
Costa Mesa, California-based evNation, an installer of electric vehicle (EV) chargers, solar panels and solar batteries, is partnering with the real estate fintech company QuantmRE to provide debt-free financing options for homeowners seeking to bring evNation’s EV...
This week, our Person of the Week spotlight shines on Jonas Bordo, co-founder and CEO of Dwellsy, the Los Altos, California-based residential home rentals marketplace, and co-author of the upcoming book “Everything You Need to Know About Renting But Didn’t Know to...
Hits and Misses for the Real Estate Week of May 11-15
