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Author name: Ricky Vasquez

Berkshire Hathaway’s Warren Buffett bets big on homebuilders

Berkshire Hathaway, D. R. Horton, Homebuilders, HomeServices of America, Housing Market, HWmember, Lennar, Real Estate, Securities and Exchange Commission, Warren Buffett /

Businessman and investment icon Warren Buffett is making waves in the housing industry. Documents filed last week with the Securities and Exchange Commission (SEC) revealed that Buffett’s Berkshire Hathaway has made major investments in homebuilders Lennar and D.R. Horton.  According to the filing, during the first half of 2025, Berkshire Hathaway has purchased over 7 […]

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New-home purchase mortgage demand kept growing in July

HWmember, Joel Kan, LendingLife, Mortgage, Mortgage applications, Mortgage Bankers Association, New Home Sales, Origination, Purchase Applications /

The Mortgage Bankers Association (MBA)’s Builder Application Survey data for July 2025, released on Monday, shows that mortgage applications for new-home purchases increased 6.8% compared from a year ago. Compared to June 2025, applications increased by 7%. This change does not include any adjustment for typical seasonal patterns. “Purchase activity for new homes strengthened in

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Half of largest housing markets record home price downturns

Housing markets, Marketing, MARKETING TO BORROWERS, Mortgage Rates, Originations /

Among the nation’s 50 largest metro areas, half, primarily in the north and east, had annual home price increases in July, while the others are reporting downturns, Zillow found. Nationwide, year-over-year home price appreciation was a meager 0.2%. While this helped to marginally improve affordability, with average monthly mortgage costs down $19 over the past

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Fannie, Freddie’s stress test losses ease from 2024

Capital markets, Fannie Mae, Freddie Mac, Politics and policy, Risk management, Secondary markets /

Fannie Mae and Freddie Mac look like they would hold up better in a severe downturn today than their collective stress tests indicated in 2024. The tests modeled how they’d fare after absorbing losses like a total $36.1 billion provision in net chargeoffs plus foreclosed property expenses. That shows the credit losses they’d be likely

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Russell Vought

OMB documents show CDFI Fund isn’t disbursing new funds

CDFIs, Politics, Politics and policy /

Al Drago/Bloomberg WASHINGTON — The Office of Management and Budget has apportioned a fraction of the money Congress allotted to the Community Development Financial Institution Fund, documents show.  OMB has allotted only $35 million under the Trump administration to the CDFI program, according to new apportionment documents. All of those funds have gone to cover

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Caliber Home Loans fined for overcharging clients

Regulation and compliance, Servicing /

A California regulator is fining the defunct Caliber Home Loans $1.8 million for overcharging borrowers, an issue stemming from an examination almost a decade ago.  The former lender, which was purchased by Newrez in 2021, has also refunded over $550,000 to impacted California borrowers, according to a press release Monday. The California Department of Financial

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VA Wholesale to operate under Bank of Glen Burnie

LOAN PRODUCTS, Marketing, Originations /

The Bank of Glen Burnie, a Maryland-based depository, has acquired VA Wholesale Mortgage, a Virginia Beach, Virginia-based originator, with an office in Jacksonville, Florida. Terms of the deal were not disclosed. A check of the NMLS Consumer Access page has Virginia Wholesale Mortgage, how the Bank of Glen Burnie’s second quarter Securities and Exchange Commission

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New-home loan applications surge to three-month high

Homebuilders, Mortgage applications, Mortgage Bankers Association, Originations /

Mortgage applications for new-home purchases accelerated in July, as borrowers took advantage of homebuilder concessions and a drop in interest rates, according to new industry data. New single-family residential mortgage applications rose 6.8% year over year last month, according to the Mortgage Bankers Association. The increase coincided with greater overall mortgage activity in the back

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Bond market’s rate-cut bets hit decisive stretch with Powell

Economic news, Federal Reserve, Treasury bonds /

Bond traders’ big bet that the Federal Reserve is poised to lower interest rates faces a key moment this week as Chair Jerome Powell gets a chance to weigh in on the economy. Powell’s speech on Friday at the central bank’s annual gathering in Jackson Hole, Wyoming, kicks off a make-or-break stretch for the Treasury market, which

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