Current News & Events
Deephaven Mortgage Debuts HELOC with Qualification Option for Self-Employed Borrowers
Qualification can be obtained through 12 months of personal or business bank statements, or one year’s full documentation. Continue Reading Deephaven Mortgage Debuts HELOC with Qualification Option for Self-Employed Borrowers
Mortgage Rates Drop for Second Straight Week
The 30-year fixed-rate averaged 6.19% as of Dec. 4. Continue Reading Mortgage Rates Drop for Second Straight Week
Elon Musk Rebuked by Redfin’s CEO Over ‘Melting Down Fast’ Tweet on Home Values
“Inventory is at roughly two thirds the levels it was pre-pandemic,” Kelman said. Continue Reading Elon Musk Rebuked by Redfin’s CEO Over ‘Melting Down Fast’ Tweet on Home Values
Mortgage Application Activity Continues to Decline
There was less interest from borrowers for purchase loans and refinancing. Continue Reading Mortgage Application Activity Continues to Decline
GOP Governors Call on Biden to Rescind LLPA Changes
“Only the Biden administration would think it can solve a supply issue by subsidizing demand and bad credit,” said Missouri Gov. Mike Parson. Continue Reading GOP Governors Call on Biden to Rescind LLPA Changes
Alec Hanson promoted to CMO at loanDepot
Hanson joined loanDepot in 2011 and was previously senior vice president of production for the West division. Continue Reading Alec Hanson promoted to CMO at loanDepot
Q1 Investor Home Purchases Plummet 49% Year-Over-Year
Investors were responsible for buying 17.6% of the homes for sale in the metros tracked by Redfin. Continue Reading Q1 Investor Home Purchases Plummet 49% Year-Over-Year
New Survey Finds Too-High Levels of Homebuyer Remorse
And 95% of sellers said they have regrets about their selling experience. Continue Reading New Survey Finds Too-High Levels of Homebuyer Remorse
SouthState Bank Launches Fund to Help LMI Borrowers Achieve Homeownership
To finance the fund, SouthState allocated $10 million that will be drawn from over a three-year period. Continue Reading SouthState Bank Launches Fund to Help LMI Borrowers Achieve Homeownership
Elon Musk Predicts Home Values Will Soon Be ‘Melting Down Fast’
Musk began to jettison his residential real estate holdings in May 2020. Continue Reading Elon Musk Predicts Home Values Will Soon Be ‘Melting Down Fast’
Nearly 800 UK Mortgage Deals Withdrawn Over the Past Week Amid Interest Rate Concerns
“Borrowers searching for a new deal may well be concerned about the latest developments in the mortgage market,” said Rachel Springall, a finance expert at Moneyfacts. Continue Reading Nearly 800 UK Mortgage Deals Withdrawn Over the Past Week Amid Interest Rate Concerns
S&P Case-Shiller: Home Prices Are Rising Again
“The modest increases in home prices we saw a month ago accelerated in March 2023,” said Craig J. Lazzara, managing director at S&P Dow Jones Indices. Continue Reading S&P Case-Shiller: Home Prices Are Rising Again
