Consumers’ increased confidence regarding their personal financial situations was largely offset by greater pessimism toward home-buying conditions, Fannie Mae’s home purchase sentiment index (HPSI) showed. The HPSI — which tracks the housing market and consumer confidence […]
Real estate valuation technology company Clear Capital unveiled an automated underwriting risk analyzer solution called AURA on Tuesday. AURA integrates appraisal quality analytics driven by machine learning and photo AI into loan origination and order […]
loanDepot delivered its fifth consecutive quarterly loss in the second quarter of 2023, a period marked by a leadership shake-up and a business lines consolidation, according to documents filed with the Securities and Exchange Commission […]
A measure of the availability of mortgage credit dropped to its lowest level in a decade last month as lenders sought to reduce operating costs and homeowners cut back on cash-out refinancing. The Mortgage Bankers […]
Ginnie Mae president Alanna McCargo said on Tuesday that the liquidity challenges faced by nonbanks are a critical issue facing the U.S. government’s mortgage system considering their increasingly important role in the space, and that […]
(Reuters) – The Dollar rose against major currencies on Monday, broadly supported by Federal Reserve officials saying additional interest rate hikes are likely given that inflation remains persistently high and the labor market is still […]
New YorkCNN — A senior official at the Federal Reserve is pushing back against growing hopes on Wall Street that the central bank could be nearly done raising interest rates. In a pair of speeches on Saturday […]
Dollar gains after weak China trade data * Fed’s Bowman: more rate hikes may be needed * SPDR Gold ETF holdings down 0.3% on Monday Aug 8 (Reuters) – Gold eased on Tuesday as the […]
(Reuters) – Moody’s cut credit ratings of several small to mid-sized U.S. banks on Monday and said it may downgrade some of the nation’s biggest lenders, warning that the sector’s credit strength will likely be […]
Mortgage rates surged close to 7% this week, breaking another record-high not seen in two decades as inflation pressures mount and home shoppers retreat even further from the housing market. The average 30-year, fixed-rate mortgage jumped to […]
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