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Home2024February

Month: February 2024

Blackstone
Commercial Real Estate

Former Blackstone Executive Launching $1 Billion Real Estate Fund

February 3, 2024 Allen Santos Comments Off on Former Blackstone Executive Launching $1 Billion Real Estate Fund

A former executive with Blackstone (NYSE:BX) is on track to raise $1 billion for a real estate-focused fund. The Wall Street Journal, sourcing its coverage from unnamed “people familiar with the matter,” reported Tyler Henritze, Blackstone’s […]

Redfin
Housing Wire

Redfin launches new homebuyer refund program

February 3, 2024 kingstu Comments Off on Redfin launches new homebuyer refund program

​ Redfin is back to offering refunds to homebuyers but this time under a new name. Launched on Thursday, the brokerage’s Sign & Save program provides buyers who sign up to work with a Redfin […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 kingstu 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 […]

jobs
Economy

U.S jobs report surprises to the upside

February 3, 2024 kingstu Comments Off on U.S jobs report surprises to the upside

​ The U.S. economy added significantly more jobs than expected during the first month of the year. Jobs increased by 353,000 in January, up from a revised rate of 333,000 in December, according to data […]

Mortgage rates
Housing Wire

Mortgage rates decline after Fed pauses hikes once more

February 2, 2024 Mariel Alumit Comments Off on Mortgage rates decline after Fed pauses hikes once more

​ Mortgage rates continued their downward plunge this week as inflation keeps decelerating. The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, a decrease from last week’s figure of 6.69%, according to Freddie Mac’s […]

Stavvy
Housing Wire

Stavvy’s eClosing solution supports a variety of closing types, including hybrid and full eClosing

February 2, 2024 Mariel Alumit Comments Off on Stavvy’s eClosing solution supports a variety of closing types, including hybrid and full eClosing

​ Stavvy is a truly comprehensive digital closing platform, the only solution to offer a SMART Doc engine that extends the savings, efficiency and security of eNotes to all mortgage documents for all loan programs […]

Uday Devalla
Housing Wire

Sagent CTO Uday Devalla on how to transform servicing

February 2, 2024 Mariel Alumit Comments Off on Sagent CTO Uday Devalla on how to transform servicing

​ Editor in Chief Sarah Wheeler sat down with Uday Devalla, chief technology officer at Sagent and a 2023 Vanguard, to talk about his focus on transforming servicing, what really counts with data and the […]

Tech100
Housing Wire

The 2024 Tech100 Mortgage and Real Estate winners are now live

February 2, 2024 Mariel Alumit Comments Off on The 2024 Tech100 Mortgage and Real Estate winners are now live

​ For the past 12 years, HousingWire’s Tech100 program has recognized the industry’s most innovative and impactful technology companies that are continuing to bring long-awaited solutions to the challenges that mortgage and real estate professionals […]

NewRez
Housing Wire

NewRez restructures retail division, cuts senior managers

February 2, 2024 Mariel Alumit Comments Off on NewRez restructures retail division, cuts senior managers

​ Top 10 mortgage lender and servicer NewRez is restructuring its distributed retail mortgage business, which has resulted in cuts to regional and divisional managers. The restructuring also includes reduced compensation for loan officers, and […]

House
Housing Wire

As House passes bipartisan tax legislation, lawmakers feel pressure from voters on housing

February 2, 2024 Mariel Alumit Comments Off on As House passes bipartisan tax legislation, lawmakers feel pressure from voters on housing

​ The U.S. House of Representatives this week passed a bipartisan tax bill that included an expansion of the Low-Income Housing Tax Credit (LIHTC) program, a move lauded by housing advocates including the Mortgage Bankers […]

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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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