Home prices in most counties in a recent study were less affordable than their historical averages as price growth outpaced rising wages. Source: Inman News
Posts published in “Banking & Lending”
The technology-based lender co-founded by former Zillow executive Greg Schwartz is now live in Seattle, Dallas and Houston. The company will refer homebuyers to real…
Freddie Mac’s chief economist said rates could continue to rise during the second half of the year after reaching historic lows in January. Source: Inman…
In a new Zillow survey, homeowners ranked refinancing as easier than divorce or following a strict diet, but “significantly tougher” than training a puppy. Source:…
Demand for purchase loans was up for the third week in a row last week, even as mortgage rates surged to the highest level in…
Lenders in 2020 refinanced more than twice as many loans as they reported the previous year, a dramatic feature of the pandemic lending boom. Source:…
The banking giant will provide low-cost loans, equity and grants for nonprofits and other groups that work with Black and Latino households on affordability issues. …
The company blamed its financial position on the effects of the COVID-19 pandemic, difficulty securing funding for new construction and “unsuccessful attempts to secure additional…
Flagstar Bancorp Inc., a top 20 mortgage lender that does business nationwide, is merging with the nation’s largest thrift, New York Community Bancorp Inc., in…
The end-to-end lending and services platform will begin trading stock on the New York Stock Exchange beginning Monday. Source: Inman News