Top Headlines
Warsh Says Housing Is Strained, but Inflation Still Comes First at the Fed
Fed Chairman Kevin Warsh acknowledged housing-market strain at Jackson Hole but made clear that persistent inflation — not housing weakness — is driving the Fed’s policy focus. Continue Reading Warsh Says Housing Is Strained, but Inflation Still Comes First at the Fed
Carrington Expands Non-QM Lending to Borrowers With FICO Scores as Low as 550
Carrington Mortgage Services expanded its Flexible Advantage non-QM program, including new options for certain eligible borrowers with FICO scores as low as 550. Continue Reading Carrington Expands Non-QM Lending to Borrowers With FICO Scores as Low as 550
Real Completes RE/MAX Acquisition, Creating Real REMAX Group
Real has completed its acquisition of RE/MAX Holdings, bringing the two companies together under newly formed Real REMAX Group following shareholder and court approvals. Continue Reading Real Completes RE/MAX Acquisition, Creating Real REMAX Group
Housing Doesn’t Need Another Prediction. It Needs People Who Can Solve Problems
Housing has no shortage of forecasts. What the market needs now are professionals who can understand the numbers, solve problems and help buyers and sellers determine when a transaction can actually work. Continue Reading Housing Doesn’t Need Another Prediction. It Needs People Who Can Solve Problems
FTC Reaches Settlement in Antitrust Complaint Against Zillow and Redfin
“This settlement delivers better, quicker, more certain results for both renters and property management companies than we would have been able to achieve after prevailing at trial,” said FTC’s Daniel Guarnera. Continue Reading FTC Reaches Settlement in Antitrust Complaint Against Zillow and Redfin
We Made Mortgage Lending Safer. Did We Make It Too Safe?
Mortgage lending is safer than it has been in decades. But as credit standards remain tight and fewer moderate-credit borrowers obtain mortgages, John G. Stevens asks whether the industry has become too good at avoiding risk. Continue Reading We Made Mortgage Lending Safer. Did We Make It Too Safe?
Homebuyer Affordability Improved Slightly in July
he national median mortgage payment for conventional loan applicants was $2,184. Continue Reading Homebuyer Affordability Improved Slightly in July
Federal Agencies Rescind Special Purpose Credit Program Guidance
The agencies said creditors should no longer rely on the statement or related issuances going forward and emphasized that lenders may not discriminate against borrowers based on characteristics prohibited by law. Continue Reading Federal Agencies Rescind Special Purpose Credit Program Guidance
Mortgage Lending Changed. The Federal Home Loan Bank System Hasn’t Kept Up
Independent mortgage banks now originate a substantial share of American home loans but remain ineligible for Federal Home Loan Bank membership. Is a 94-year-old membership structure still right for today’s mortgage market? Continue Reading Mortgage Lending Changed. The Federal Home Loan Bank System Hasn’t Kept Up
Prosperity Home Mortgage Expands into Servicing
“Buying a home may be one transaction, but homeownership is a journey that lasts for years,” said Chris Kelly, president and CEO of HomeServices of America. “ Continue Reading Prosperity Home Mortgage Expands into Servicing
Mortgage Application Activity Dips by 1%
The FHA share of total applications decreased to 16.2% from 17.1% the week prior. Continue Reading Mortgage Application Activity Dips by 1%
Carrington Expands Non-QM Lending to Borrowers With FICO Scores as Low as 550
Carrington Mortgage Services expanded its Flexible Advantage non-QM program, including new options for certain eligible borrowers with FICO scores as low as 550. Continue Reading Carrington Expands Non-QM Lending to Borrowers With FICO Scores as Low as 550
loanDepot Gets NYSE Deficiency Notice as Shares Fall Below $1 Threshold
loanDepot received an NYSE continued-listing deficiency notice after its average share price fell below the exchange’s $1 minimum threshold. Continue Reading loanDepot Gets NYSE Deficiency Notice as Shares Fall Below $1 Threshold
NEXA Lending Acquires UMortgage in Major Mortgage Broker Deal
NEXA Lending is acquiring UMortgage in a deal that brings Anthony Casa into NEXA’s leadership and combines two prominent companies in the independent mortgage broker channel. Continue Reading NEXA Lending Acquires UMortgage in Major Mortgage Broker Deal
Knock Expands Bridge Loan Product to Texas
Texas is the latest expansion for Knock, which is now available in 32 states and the District of Columbia. Continue Reading Knock Expands Bridge Loan Product to Texas
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