In a world (like this one) where mortgage rates are dictated by bond market movement and where bonds take cues from certain economic reports, weeks like this one can be frustrating or boring. Until today, there haven’t been any actionable economic reports to inspire a bond market reaction. Unfortunately, today’s data was relatively unfriendly for […]
Mortgage Rates Inch Higher Yet Again Read More »
Lagging tech adoption and credit underwriting issues were likely contributors to loan quality worsening from a recent record-low rate, according to Aces Quality Management. The overall critical defect rate rose to 1.31% in the first quarter, shifting away from the fourth quarter’s historical low of 1.16%, the company’s latest report found. Defects rose in three
Underwriting errors push loan defects higher Read More »
A public offering of Fannie Mae and Freddie Mac shares hinges on when Donald Trump decides the government can fetch the highest price, their regulator said Thursday. Trump “has not made any decision” on when one will occur, Bill Pulte told Maria Bartiromo on Fox Business Network Thursday morning, when she asked whether one could
Fannie, Freddie IPO awaits Trump’s decision on timing Read More »
Real estate investment trust Two settled its long-running litigation with its former external manager Pine River for a one-time payment of $375 million. The dispute escalated in July 2020, when Pine River and affiliated entities dismissed a state court legal filing and instead pursued the case in federal court. At the same time, Two, the
Two settles litigation with former advisor for $375M Read More »
Mortgage rates were unchanged as the markets await what Federal Reserve Chairman Jerome Powell will say on Friday. At the same time, a 10-basis point rise in the 10-year Treasury between Aug. 13 and Aug 18 was partially reversed by two days later in anticipation of a speech possibly hinting at September Fed Funds Rate
Mortgage rates remain flat as markets wait for Powell speech Read More »
If you tried to buy a home a few years ago, you probably still remember the frenzy. Homes were listed one day and gone the next. Sometimes it only took hours. You had to drop everything to go and see the house, and if you hesitated even slightly, someone else swooped in and bought it
From Frenzy to Breathing Room: Buyers Finally Have Time Again Read More »
Mr. Cooper can finish what Homepoint started and seek damages from a small lender over a repurchase request, a federal judge has ruled. The massive lender and servicer which purchased Home Point Financial in August 2023 did not indicate in court filings nor a statement whether it would pursue the lingering case against Pennsylvania-based Amres
Mr. Cooper cleared to revive Homepoint repurchase suit Read More »
Bill Emerson is retiring as president of Rocket Companies but will remain as a director, the company disclosed in a filing with the Securities and Exchange Commission (SEC). “After more than three decades at Rocket, Bill Emerson will step down as president at the end of the year,” a Rocket spokesperson told HousingWire. “Bill is
Bill Emerson to retire as president of Rocket Companies Read More »
San Diego-based startup FutureProof is using artificial intelligence (AI) to change the way insurers assess catastrophe risk and set premiums, a shift that could make insurance both more affordable and easier to come by in disaster-prone regions. “FutureProof started with thinking about the build environment and everyone’s homes and businesses,” FutureProof co-founder and co-CEO Alisa
Tech startup offering AI-driven property level risk modeling Read More »
New York is among the states where older residents are not receiving adequate levels of in-home care and other support services, according to a report published by a local news outlet. The report cited data from the Office of the New York State Comptroller, which found that some 16,000 of the state’s senior residents “continue
In New York, many seniors aren’t getting vital support services Read More »