Home lending credit reversed course following a one-month dip, with availability returning to the upside even as conforming product offerings declined in July, according to the Mortgage Bankers Association. The MBA’s credit availability index edged up 0.2% month over month to a reading of 103.9. The score rose from 103.7 in June, which was the […]
Jumbos, ARMs drive uptick in credit availability Read More »
Private mortgage insurers wrote just 2% more new business on a year-over-year basis in the second quarter, but market share shifts widened the spread between the six underwriters. The industry-wide market share gap was 1.7 percentage points for both the second quarter 2024 and first quarter of 2025, according to data from Keefe, Bruyette &
Private MI market share gaps widen in Q2 Read More »
Anniemac Home Mortgage is making its second acquisition in two weeks, adding construction lending experience to its ranks. The New Jersey-based lender Tuesday said it acquired certain assets of Florida-based Home Solution Lenders. The company, which recorded almost $200 million in loan volume last year, brings expertise in construction-to-permanent loans, Anniemac said. “Having an experienced,
Anniemac buys a second Florida mortgage shop Read More »
President Donald Trump named EJ Antoni, chief economist of the conservative Heritage Foundation, to lead the Bureau of Labor Statistics after firing the former head of the agency earlier this month. Trump appointed Antoni, who has been vocal about his concerns with BLS jobs data and revisions, in a Truth Social post Monday. The position
Trump names Heritage’s EJ Antoni to lead Bureau of Labor Statistics Read More »
AGENTS: Did you know you can share a personalized version of this post? Learn more! For Sellers, Infographics, Selling Tips Some Highlights Now that there are more homes for sale, buyers have more options. And sellers need to be more flexible to close the deal. That’s why almost half of homeowners are making some type
What You Need To Know About Concessions Read More »
In mortgage lending, there’s no shortage of conversation around interest rates and closing costs. But beneath that surface-level focus lies a missed opportunity—one that could dramatically improve the financial well-being of millions of homeowners. It’s the opportunity to help borrowers optimize their blended debt rate and strategically reduce their total mortgage cost over time. Most
Why homeowners should focus on blended debt rates and total mortgage costs Read More »
Shane Lanham first heard he was being sued for racial discrimination from a New York Times reporter who called him for comment. That story ran with the headline: Home Appraised With a Black Owner: $472,000. With a White Owner: $750,000. The New York Times article described how Drs. Nathan Connolly and Shani Mott, who were
Appraisal bias suit that sparked policy changes is dismissed Read More »
Outdated mobile homes that were built before the implementation of modern construction and safety standards in the 1970s can still be found across the country. Seniors living on fixed incomes often own these homes and don’t have a practical solution for replacing them. That’s where Bill Smith comes in. For the past decade, Smith —
Outdated manufactured home? This reverse LO could save the day Read More »
Treasury Secretary Scott Bessent is reportedly considering three more candidates for the next Federal Reserve chair: Vice Chairs Michelle Bowman and Philip Jefferson, and Dallas Fed President Lorie Logan. However, other candidates will be interviewed in the coming weeks, Bloomberg reported based on talks with two administration officials. Potential candidates include President Donald Trump’s economic advisor
Treasury eyes Bowman, Jefferson and Logan for Fed Chair Read More »
Noelle Nielsen, one of the women who claims to have brought the alleged sexual assault and harassment issues at eXp Realty to light back in 2020, is claiming that the company has retaliated against her, in a new lawsuit filed last Thursday. Filed in Minnesota District Court in the County of Hennepin, the suit names
Whistleblower in eXp sexual assault suit sues over alleged retaliation Read More »