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Study: Annual Massachusetts Outmigration Up 1,100% Over the Last Decade
Income tax, housing costs, and costs of health care were cited in the study as being the largest drivers of outmigration. Continue Reading Study: Annual Massachusetts Outmigration Up 1,100% Over the Last Decade
Pedro Barata to Become Chief Executive at Habitat for Humanity Canada
Barata will replace Julia Deans, who announced her resignation last fall. Continue Reading Pedro Barata to Become Chief Executive at Habitat for Humanity Canada
NAR Receives Preliminary Approval of Sitzer/Burnett Settlement Agreement
A final approval hearing on the settlement will take place in November. Continue Reading NAR Receives Preliminary Approval of Sitzer/Burnett Settlement Agreement
Guest Opinion: How You Might Look at Recent Data
We are all looking at the same data, but it is easy to come away with different conclusions. Continue Reading Guest Opinion: How You Might Look at Recent Data
Investment Firm Acquires Kinexx Modular Construction
Kinexx will operate as a subsidiary of LaPhair Capital Partners, with Scott Upshaw as its new CEO. Continue Reading Investment Firm Acquires Kinexx Modular Construction
Refinancing Outpaces Purchase Loans in Latest MBA Data
The Refinance Index enjoyed a 10% hike from the previous week and was 4% higher than the same week one year ago. Continue Reading Refinancing Outpaces Purchase Loans in Latest MBA Data
Mortgage Credit Availability Up in March
MBA’s Joel Kan noted the credit supply “remains low at nearly 7% below a year ago.” Continue Reading Mortgage Credit Availability Up in March
Rocket Mortgage Unveils AI-Driven Rocket Logic Platform
The platform combines insights from more than 10 petabytes of proprietary data and 50 million annual call transcripts with deep learning and generative AI systems. Continue Reading Rocket Mortgage Unveils AI-Driven Rocket Logic Platform
Fannie Mae: Homebuyers Are Adjusting to Higher Mortgage Rates
“Some households appear to be moving past the hurdle of last year’s sharp jump in rates,” said Fannie Mae’s Doug Duncan. Continue Reading Fannie Mae: Homebuyers Are Adjusting to Higher Mortgage Rates
Mortgage Rates Still Hovering Near the 7% Level
“We do not expect rates will decrease meaningfully in the near-term,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Still Hovering Near the 7% Level
Hedge Fund-Backed News Site Coordinates Lawsuit Against United Wholesale Mortgage
While Hunterbrook shorted UWM, it simultaneously took a long position on its biggest competitor, Rocket Companies Inc. Continue Reading Hedge Fund-Backed News Site Coordinates Lawsuit Against United Wholesale Mortgage
Mortgage Application Activity is Down Again
“Elevated mortgage rates continued to weigh down on homebuying,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity is Down Again
Mortgage Rates Drop Slightly
The 30-year fixed-rate mortgage averaged 6.79%, down from last week when it averaged 6.87%. Continue Reading Mortgage Rates Drop Slightly
NAR and MBA Urge Regulators and GSEs to Confirm Support for Buyer Financing
The groups said a confirmation “will sustain the current flow of mortgage capital to home buyers without change or delay.” Continue Reading NAR and MBA Urge Regulators and GSEs to Confirm Support for Buyer Financing
Mortgage Application Activity Slows to a Crawl
The refinance share of mortgage activity decreased to 30.8%. Continue Reading Mortgage Application Activity Slows to a Crawl