Top Headlines
CoStar Completes $800 Million Acquisition of Zonda
CoStar Group has completed its $800 million acquisition of Zonda, adding new-home construction data, builder software and residential marketplaces to its growing real estate portfolio.
Continue Reading CoStar Completes $800 Million Acquisition of Zonda
Real Brokerage Wins Final Court Approval for RE/MAX Acquisition
The Real Brokerage has received final court approval in connection with its proposed acquisition of RE/MAX Holdings, moving the transaction closer to its expected Aug. 24 closing. Continue Reading Real Brokerage Wins Final Court Approval for RE/MAX Acquisition
Report: Fed Chairman Warsh Proposes Fewer Rate Policy Meetings
Warsh reportedly suggested six meetings per year instead of the current eight gatherings. Continue Reading Report: Fed Chairman Warsh Proposes Fewer Rate Policy Meetings
Senate Democrats Question Why FHFA’s Pulte is Still Working as Intelligence Chief
No Democrat voted for Jay Clayton to take on the job of Director of National Intelligence. Continue Reading Senate Democrats Question Why FHFA’s Pulte is Still Working as Intelligence Chief
AvalonBay Communities and Equity Residential Reveal New Brand for Merged Companies
Vivmark Residential expects to use VMRK as its New York Stock Exchange ticker symbol. Continue Reading AvalonBay Communities and Equity Residential Reveal New Brand for Merged Companies
Ginnie Mae Mortgage-Backed Securities Portfolio Reached $2.97 Trillion in June
Year to date, Ginnie Mae facilitated the pooling and securitization of 339,562 first-time homebuyer loans. Continue Reading Ginnie Mae Mortgage-Backed Securities Portfolio Reached $2.97 Trillion in June
Mortgage Rates Creep Up Slightly
The 30-year fixed-rate mortgage averaged 6.49% as of July 9. Continue Reading Mortgage Rates Creep Up Slightly
Mortgage Application Activity Slows Down Again
The FHA share of total applications decreased to 16.4% from 16.9% the week prior. Continue Reading Mortgage Application Activity Slows Down Again
Atlantic Home Mortgage Debuts Lendtrain, a Refinance-Focused Platform
“Most homeowners do not need a sales call just to find out whether a refinance is worth exploring,” said Tony Davis, founder of Lendtrain. Continue Reading Atlantic Home Mortgage Debuts Lendtrain, a Refinance-Focused Platform
Report: 1 in 5 Homebuyers Are Gen Z
This youthful generation represents nearly one-third of all first-time homebuyer loans and 27% of FHA purchase lending. Continue Reading Report: 1 in 5 Homebuyers Are Gen Z
Mortgage Rates Take a Mild Tumble
The 30-year fixed-rate mortgage averaged 6.43% as of July 2, down from last week when it averaged 6.49%. Continue Reading Mortgage Rates Take a Mild Tumble
Mike Kortas Launches evoLend as Start-Up Mortgage Servicing Company
Tammy Richards, chief strategy officer at NEXA, has been named CEO of evoLend, which will operate as an independent company. Continue Reading Mike Kortas Launches evoLend as Start-Up Mortgage Servicing Company
Mortgage Application Activity Records Slight Uptick
The FHA share of total applications decreased to 16.9% from 17.9% the week prior. Continue Reading Mortgage Application Activity Records Slight Uptick
New Report Finds National Average for Mortgage Closing Costs Down by 3%
The greatest single-market shift during this period occurred in the District of Columbia, where closing costs dropped 21.1%. Continue Reading New Report Finds National Average for Mortgage Closing Costs Down by 3%
Calendar Anomaly Boosts Mortgage Delinquency Rate by 15 Basis Points
“While the headline increase in delinquencies may draw attention, the underlying performance picture is stable as delinquencies remain below January 2020 levels,” said ICE’s Andy Walden. Continue Reading Calendar Anomaly Boosts Mortgage Delinquency Rate by 15 Basis Points
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