Loan servicing giant Mr. Cooper lays off another 420 workers
Investors warned of 'break even' second quarter as rising mortgage rates put a bigger-than-expected dent in loan originations
by Matt Carter Jun 3
Amid market jolt, hiring continues in residential development sector
Employers added 16,700 residential construction jobs in May on a seasonally adjusted basis, nearly doubling the national rate of job growth, according to new Department of Labor figures
by Daniel Houston Jun 3
A full list of real estate companies making layoffs in 2022 and 2023
While real estate industry layoffs largely began with companies that provide mortgages and mortgage-related services, everyone from Adwerx to Zumper has been impacted by the downturn
by Matt Carter Jun 3
Opendoor aims for 2-minute pre-approvals with new app
The new app combs through data and comes up with a maximum price a consumer should be able to afford. Opendoor believes the process will be faster and easier for consumers than traditional pre-approvals
by Jim Dalrymple II Jun 2
Zombie foreclosures post 1st increase since moratorium's end
The number of vacant properties going through the foreclosure process is up once again to just over 7,500 in Q2, according to Attom Data Solutions, even as fewer total properties lie vacant
by Daniel Houston Jun 1
Mortgage rates trend up again: Investors weigh Fed's next moves
Aggregate demand for mortgages, both purchase and refinancing, at lowest level since December 2018, as bottom falls out of refinancing market
by Matt Carter Jun 1
You told us how your buyers are funding their purchases right now: Pulse
Opinion
This week, you shared the ways that your clients are funding their purchases, especially in the face of higher home prices and interest rates
by Inman Jun 1
Tomo cuts almost 1/3 of workforce, dials back expansion plans
Cuts were from the impact of the recent shift in the mortgage and venture capital markets due to the rapid increase in interest rates, according to Tomo CEO and Co-Founder Greg Schwartz
by Matt Carter May 31
Equifax 'coding issue' possibly skews thousands of mortgage credit scores
The 'coding issue’ reportedly affecting about 12 percent of credit scores calculated from March 16 to April 6, 2022, has been corrected, according to the company.
by Matt Carter May 31
Backed with $10M, Buyside rebrands as Percy, expands into mortgage
Rebranding and strategic alliance with Black Knight, reflect data analytics and marketing company's ability to identify not only homebuyer, but seller leads
by Matt Carter May 31
Sellers are reducing asking prices. But don’t expect house prices to drop, economist says
Affordability challenges mean some sellers are reducing asking prices, but demand for homes continues to outpace supply, says First American Chief Economist Mark Fleming
by Matt Carter May 27
Time to get creative: 3 strategies for finding buyers homes
Opinion
Buying a home is hard, but it's not impossible. As a knowledgeable expert with a fiduciary duty to your clients, it's your role to help buyers weigh and evaluate their options
by Nobu Hata May 27
Mortgage rates fall to 5.10% in biggest drop since 2020
Rates on 30-year fixed-rate mortgages have dropped 20 basis points in two weeks, the most dramatic decline since April 2020
by Ben Verde May 26
Senate narrowly confirms Sandra Thompson to lead Fannie, Freddie regulator
49-46 party-line vote follows Republican leader's call for a referendum on the Biden administration’s 'radical housing policy'
by Matt Carter May 26
Keller Williams' lending arm, Keller Mortgage, posts new round of layoffs
The scale of the latest round is unclear, but more than a dozen Keller Mortgage employees posted notices on LinkedIn Tuesday that they'd been laid off, with some describing the cuts as 'huge'
by Matt Carter May 25
Lower mortgage rates fail to rekindle homebuyer interest
As mortgage rates continued to retreat from highs set the first week in May, demand for purchase loans was essentially flat last week, according to MBA's Weekly Mortgage Applications Survey
by Matt Carter May 25