Fannie and Freddie remain profitable but are setting aside pots of money to cover future losses that could result from falling home prices. Source: Inman…
Posts published in “Mortgage”
The real estate brokerage and tech platform is accelerating cost-cutting after posting a $6 million, third-quarter loss, with revenue up 10.2 percent to $111.3 million…
Only 16 percent of those surveyed by Fannie Mae in October said it was a good time to buy a home, and the percentage who…
United Wholesale Mortgage says it’s attracting not only homebuyers, but mortgage originators, by slashing rates and offering the latest technology to build market share. Source:…
Mr. Cooper, which had 8,200 employees at the end of last year, laid off 250 workers from its lending business during the first quarter and…
With rising mortgage rates drastically curtailing lending, Rocket Mortgage saw third-quarter mortgage originations plummet by 73 percent from a year ago, to $23.7 billion. Source:…
Homes in white neighborhoods are valued twice as high as those in communities of color, even in places with otherwise similar housing stock, according to…
As prices began to fall, home equity held strong. Even the most distressed properties held positive equity in the third quarter of 2022, according to…
Federal Reserve Chairman Jerome Powell says the pace of rate hikes could slow but may ultimately need to go higher than the forecast in September. …
Hallmark is positioned to become one of the top 100 mortgage lenders with expansion into Colorado, Georgia, Kansas, Louisiana, Missouri, South Carolina and Texas. Source:…