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The Federal Housing Finance Agency (FHFA) did a policy about-face and rescinded its recently enacted upfront fees based on borrowers’ debt-to-income (DTI) ratios for home loans acquired by Fannie Mae and Freddie Mac.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...
There was buoyant activity in the home loan market last week, according to data from the Mortgage Bankers Association (MBA). The trade group’s Market Composite Index was up by 6.3% on a seasonally adjusted basis from one week earlier, while the unadjusted index was...
The first quarter of this year was, to be charitable, something of a mess for commercial and multifamily mortgage loan originations – according to new data from the Mortgage Bankers Association (MBA), originations were down by 42% from the previous quarter and down...
Arizona’s Maricopa County took the number one ranking in the newly published list of top U.S. markets for luxury second homes published by the real estate marketplace Pacaso. “The county’s vibrant desert cities of Phoenix and Scottsdale offer world-class golf,...
A Phil Hall Op-Ed: So, I Asked ChatGPT to Predict 2027’s Housing Mark…
