If any given week of movement in the mortgage rate world came with disclaimer, this one would be: “Warning. An absence of volatility on Monday has no bearing on odds for volatility in the rest of the week.” More simply put, you’re essentially guaranteed to see more rate movement over the next 4 days simply […]
Mortgage Rates Hold Perfectly Flat to Start New Week Read More »
The rise in home equity lending should continue through the end of next year as conditions feeding current growth in the product will drive the market, a new study from the Mortgage Bankers Association has found. In 2024, the total combined HELOC and outstanding home equity loan debt grew 10.3%, according to the MBA’s 2025
Home equity products set to grow in 2025, 2026, study finds Read More »
Mortgage industry prognosticator Barry Habib was both surprised and honored that the Federal Housing Finance Agency approached him for a role on the Fannie Mae board. “I wasn’t expecting it, I didn’t solicit it, and it is an extreme honor,” Habib said in an interview with National Mortgage News. He was named to the Fannie
Barry Habib on his appointment to the Fannie Mae board Read More »
Opendoor, whose stock price has soared since early July, has postponed a special stockholder meeting originally scheduled for today to address a Nasdaq listing notification. The vote, now rescheduled for Aug. 27, concerns a potential reverse stock split that, if approved by shareholders and enacted by the board, could help remedy the company’s share price
Opendoor delays vote amid stock surge, Nasdaq threat Read More »
Bill Pulte, director of the Federal Housing Finance Agency (FHFA) recently roiled the mortgage market with a post on X, writing “Fannie [Mae] and Freddie [Mac] will ALLOW lenders to use Vantage 4.0 Score with no current requirement to build new infrastructure (stays Tri Merge).” Not only is it highly unorthodox to be making huge policy decisions
Pulte’s tweet hands credit bureau an unfair edge Read More »
A Newrez spinoff is temporarily off the table, as its parent company focuses on maximizing the mortgage lender’s value to support the overall business, Rithm Capital leaders said in its latest earnings call. After reproposing the idea of a Newrez public listing two years ago, company leaders said optimizing its earnings potential for Rithm would
Newrez spinoff delayed as Rithm eyes growth Read More »
A federal judge handed another blow to the Trump administration’s attempts to prematurely end redlining settlement obligations for mortgage lenders. Pennsylvania-based ESSA Bank must follow the terms of its 2023 agreement for three more years, a federal judge ruled this week. The Department of Justice in recent months argued the lender had met the fair
Judge rejects DOJ’s bid to end bank’s redlining settlement Read More »
Bond investors enter a frenetic week comprising the latest Treasury view on quarterly debt sales, a Federal Reserve meeting, and plenty of data crowned by the July jobs report. With four trading days left in July, the Treasuries market is on course for only its second negative month this year, as investors have reduced
Bond traders await Fed meeting, refunding and jobs report Read More »
Depending on where you live, the housing market could feel red-hot or strangely quiet right now. The truth is, local markets are starting to move in different directions. In some places, buyers are calling the shots. In others, sellers still hold the power. It’s a tale of two markets. What’s a Buyer’s Market vs. a
Today’s Tale of Two Housing Markets Read More »
Property Technology (PropTech) is quickly transforming the global real estate industry, driving innovation and spurring trends across new residential and commercial developments. The global PropTech market was valued at $36.55 billion in 2024 and is projected to reach $88.37 billion by 2032, illustrating the growing relevance of smart technologies in real estate. With staples of
Hybrid cloud and the rise of PropTech: What’s next? Read More »