A new Redfin report found a record 41.9% of home sellers gave concessions to homebuyers in Q4 of 2022, through money for repairs and mortgage-rate buydowns. This represents the highest increase of any three-month period […]
Source: Construction Week — 2022 has been a great year in the history of the Indian real estate sector. After the setback of two years of slowdown, the real estate sector has gone through a […]
Source: CNN Business — New York(CNN)Wells Fargo, long one of the biggest players in the mortgage business, is taking a big step back. The scandal-ridden bank announced a significant shift on Tuesday to focus its […]
Wells Fargo, the largest depository mortgage lender in America, announced Tuesday that it will officially exit the correspondent channel and also reduce its servicing portfolio, the country’s largest. The move isn’t much of a surprise. […]
Source: Yahoo! — While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. […]
San Francisco-based Blend Labs will sharply reduce its workforce and make changes to its leadership as it seeks to achieve profitability, the company announced on Tuesday. Amid a rapidly shrinking mortgage market, the company reported […]
Source: JP Morgan — Transitioning ownership of a commercial real estate organization can be a complex process. If you want to build a sustainable business that runs smoothly after you step down, it’s imperative you […]
Well, here we are at the beginning of another year. For those of us in housing finance, the calendar year change really does mean something. There is a mix of hope and uncertainty as we […]
Source: Mansion Global — When it launched with a single New York hotel in 1998, W was synonymous with a kind of late-night urban glamour. Now, many of the guests who grew up with the […]
American Pacific Mortgage (APM) has scooped up roughly 150 employees from 20 AmeriFirst Financial Inc. branches since December 2022, APM confirmed. APM learned the Arizona-based lender’s branches were ceasing originations last month, which led to […]
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