Mortgage Rates Back on the Rise After Decreasing for Five Weeks
After decreasing for five consecutive weeks, mortgage rates went back on the rise this week, with the average rate for a 30-year fixed-rate mortgage...
Private Equity Firm GTCR Makes Significant Investment in Clear Capital, Becoming Majority Shareholder
Valuations technology and data firm Clear Capital has received a significant investment from private equity firm GTCR.
As a result, GTCR is now Clear Capital’s...
Atlas VMS Acquires AIM-Port
Appraisal management company Atlas VMS has acquired AIM-Port, a collateral process management platform. Terms of the deal were not disclosed.
The acquisition marks a significant...
ACES Announces Two Key Promotions in Compliance
Amanda Phillips has been named general counsel and executive vice president of compliance for ACES Quality Management, while Savannah Prout has been elevated to...
Veros: U.S. Home Prices to Rise 2.2 Percent Over Next 12 Months
U.S. home prices are forecast to increase only 2.2% over the next 12 months, according to valuation services provider Veros Real Estate Solutions –...
Labor Market Continued to be Resilient in June, But There is Softening in the...
The U.S. labor market continues to defy expectations, adding 147,000 new jobs in June, while the unemployment rate remained stable at 4.1%, according to...
Case-Shiller: Home Prices Decreased 0.4 Percent Nationally in April
U.S. home prices decreased 0.4% on an adjusted basis in April compared with March but were up 2.7% compared with April 2024, according to...
Homebuyer Affordability Declined Further in May
The national median monthly mortgage payment applied for by purchase applicants increased to $2,211 in May, up from $2,186 in April, according to the...
Controversial ‘Revenge Tax’ Provision Removed From Big Beautiful Bill
The Senate has agreed to remove a provision in the Trump Administration’s One Big Beautiful Bill that would would impose retaliatory income taxes on...
Pending Home Sales Increased Modestly in May
Pending home sales increased 1.8% in May compared with April and were up 1.1% compared with May 2024, according to the National Association of...
If You Build It, They Don’t Care: Expanding Homeownership Access with Authenticity and Culture
For years, the mortgage industry has operated under a hopeful assumption: “If you build it, they will come.” This notion, popularized by Field of...
Rocket Now Offers Bridge Loans, Enabling Homeowners to Buy a New Home Before Selling...
Rocket Mortgage is now offering bridge loans – a new product that allows homeowners looking to buy a new home to use their equity...
New Home Sales Plummeted in May Despite More Inventory
New home sales were at a seasonally-adjusted annual rate of 623,000 in May, a decrease of 13.7% compared with April and down 6.3% compared...
Existing-Home Sales Increased Slightly in May But Remain Sluggish
Existing-home sales were at a seasonally adjusted annual rate of 4.03 million in May, an 0.8% increase compared with April but down 0.7% compared...
First American: Annual Home Price Appreciation at Slowest Pace Since 2012
U.S. home prices increased 0.4% in May compared with April but were up only 2.1% compared with May 2024, according to First American’s latest...
FOMC Maintains Fed Funds Rate as Mortgage Rates Remain Steady
Citing that economic activity has continued to expand, unemployment remains low, and the labor market remains solid, the Federal Open Market Committee on Wednesday...
Housing Starts Plummeted to Lowest Level Since 2020 in May
Housing starts in May fell to a seasonally adjusted annual rate of 1.256 million, down 9.8% compared with April and down 4.6% compared with...
Redfin: Typical Downpayment on a Home Purchase Shrank Slightly as of April
Despite rising home prices, the typical U.S. homebuyer’s down payment shrunk by 1% in April compared with a year ago, according to a report...
More Homeowners Underwater on Their Mortgages in Q1 as Home Price Appreciation Slowed
Roughly 1.2 million U.S. homeowners, or 2.1%, were underwater on their mortgages as of the end of the first quarter, an increase of 17%...
MBA: Mortgage Applications Jumped 12.5 Percent Last Week
Mortgage application volume surged 12.5% during the week ended June 6, despite a slight increase in rates, according to the Mortgage Bankers Association’s (MBA)...