ATTOM: Home Flipping Was Less Profitable in the Third Quarter
About one in every 14 home sales, or 7.2% of home sales nationwide, were “flips” during the third quarter, according to ATTOM.
That’s down from...
Share of Mortgages in Forbearance Increased Slightly in November
The share of mortgages in forbearance increased three basis points in November compared with October, rising from from 0.47% to 0.50% of all loans,...
New Home Sales Jumped 5.9 Percent in November as Rates Decreased
New home sales jumped 5.9% in November compared with December to reach an annual rate of 664,000, according to the U.S. Census Bureau and...
Planet Home Lending Hires Candice McNaught as SVP, Business Development and Strategic Initiatives
Candice McNaught has joined Planet Home Lending, a national mortgage lender, servicer, and asset manager, as senior vice president, business development and strategic initiatives...
MBA: Commercial Mortgage Delinquencies Increased in Third Quarter
Commercial mortgage delinquencies increased in the third quarter, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report.
Banks and thrifts (90 or more...
MBA: Homebuyer Affordability Decreased in November Due to Higher Mortgage Rates
Homebuyer affordability decreased in November compared with October, according to the Mortgage Bankers Association's (MBA) Purchase Applications Payment Index (PAPI), which measures how new...
Matador Lending Now Offering Calque’s Trade-In Mortgage
Matador Lending is the latest mortgage company to offer Calque's The Trade-In Mortgage, a loan option that allows homeowners to utilize the equity in...
Dovenmuehle Mortgage Gets Tier 1 Rating From HUD
Mortgage subservicer Dovenmuehle Mortgage has received a Tier 1 Rating from the U.S. Department of Housing and Urban Development (HUD) for its Federal Housing...
Freddie Mac: Mortgage Rates Crept Up This Week
Mortgage rates crept up this week, as the average rate for a 30-year fixed-rate mortgage increased to 6.72%, up from last week when it...
Existing-Home Sales Jumped in November
Existing-home sales increased 4.8% in November compared with October and were up 6.1% compared with November 2023, according to the National Association of Realtors...
Fed Cuts Rates 0.25 Percent, as Anticipated
Citing that economic activity has continued to expand at a solid pace, the Federal Open Market Committee (FOMC) today voted to cut the fed...
Housing Starts Dropped in November But Permits Were Up
Housing starts decreased 1.8% in November compared with October to a seasonally adjusted annual rate of 1.289 million, according to estimates from the U.S....
Mortgage Applications Finally Dipped Last Week After Increasing for Five Weeks
Mortgage application volume dipped 0.7% during the week ended December 13, as the average rate for a 30-year, fixed-rate mortgage increased to 6.75%, up...
NAHB: Home Builder Sentiment Low in December But There is Some Optimism
Home builder sentiment was neither up nor down in December, remaining basically flat compared with November, at a score of 46 on the National...
Zillow Lists the Most Popular Cities of 2024
Manchester, New Hampshire is Zillow's most popular city of 2024.
The largest city in the state, Manchester has seen growing interest among home shoppers, Zillow...
Click n’ Close Hires Jeff Raich as a Sales Director in Correspondent Lending
Jeff Raich has joined mortgage lender Click n' Close as a national sales director in correspondent lending.
Raich has more than 20 years of mortgage...
Applications for New Home Purchases Fell in November
Applications for mortgages for new home purchases plummeted 12% in November compared with October, due to higher mortgage rates, but were up 7.2% compared...
First Home Mortgage Appoints Matt Nader President
Matt Nader is the new president for First Home Mortgage, a full-service residential mortgage lender.
Nader joined First Home Mortgage in 2018 as a loan...
Fannie Mae: Housing Market in 2025 ‘Will Look a Lot Like 2024’
With mortgage rates forecast to remain above 6%, inventory expected to remain tight, and home prices predicted to stabilize at their current highs, its...
A&D Mortgage Prices Non-QM Securitization
A&D Mortgage has priced its latest securitization, a $303.9 million transaction backed by 872 newly originated non-prime residential mortgages.
Atlas Merchant Capital and Imperial Fund...