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Home2023October

Month: October 2023

Air Bnb Newsroom

Spend the night in Shrek’s Swamp, now on Airbnb

October 2, 2023 Mariel Alumit Comments Off on Spend the night in Shrek’s Swamp, now on Airbnb

Once upon a time, a very chatty donkey agreed to swamp-sit for Shrek. Before he hits the road again, Donkey is inviting guests near and far, far away to sleep like an ogre in Shrek’s […]

Mortage News

Highest Rates in Decades Cut into Mortgage Volumes

October 2, 2023 Mariel Alumit Comments Off on Highest Rates in Decades Cut into Mortgage Volumes

The highest mortgage rates in 20+ years drove another decline in mortgage applications during the week ended September 22. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application […]

Housing Wire

Rithm to acquire MSR player Computershare Mortgage Services for $720M

October 2, 2023 Mariel Alumit Comments Off on Rithm to acquire MSR player Computershare Mortgage Services for $720M

Real estate investment trust Rithm Capital Corp has entered into a definitive agreement to acquire Computershare Mortgage Services Inc. for about $720 million, the companies announced Monday. The deal includes the purchase of Specialized Loan Servicing LLC. The deal […]

No Picture
Air Bnb Newsroom

Northwest Arkansas recognized as a go-to destination for remote workers

October 2, 2023 Mariel Alumit Comments Off on Northwest Arkansas recognized as a go-to destination for remote workers

Airbnb today announced the launch of the Northwest Arkansas remote working hub, a one-stop shop for aspiring remote workers created in partnership with the Northwest Arkansas Council. The hub provides anyone looking to live and […]

Mortage News

NAR Calls for End to Rate Hikes as Pending Sales Drops Again

October 2, 2023 Mariel Alumit Comments Off on NAR Calls for End to Rate Hikes as Pending Sales Drops Again

Pending home sales failed to add a third month onto the mini rally it staged in June and July. The National Association of Realtors® (NAR) said its Pending Home Sale Index (PHSI) declined 7.1 percent […]

Housing Wire

“Enough is enough.” Redfin leaves NAR in wake of sexual harassment allegations

October 2, 2023 Mariel Alumit Comments Off on “Enough is enough.” Redfin leaves NAR in wake of sexual harassment allegations

Redfin will soon be requiring agents to cancel their National Association of Realtors membership. In a letter published on Redfin’s website on Monday, Glenn Kelman and Redfin’s leadership team, including Anna Stevens, Anthony Kappus, Bridget […]

StLouis Fed

Teaching About Government Budget Deficits Bring FRED into the Classroom

October 1, 2023 Mariel Alumit Comments Off on Teaching About Government Budget Deficits Bring FRED into the Classroom

Focus on the Federal Budget Deficit This handout provides instructions on building the graph below and includes writing prompts for out-of-class assignments. From the FRED Blog The post “The federal budget balance as a fraction […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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