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News Ticker
  • [ December 21, 2024 ] Retail Chain Party City is Going Out of Business Weely Real Estate News
  • [ December 20, 2024 ] D.R. Horton to Launch New Master-Planned Community in Utah Weely Real Estate News
  • [ December 20, 2024 ] Hits and Misses for the Real Estate Week of Dec. 16-20 Weely Real Estate News
  • [ December 20, 2024 ] Alabama Home Sales Up, Reversing Three-Month Decline Weely Real Estate News
  • [ December 20, 2024 ] New York State Housing Inventory at 8-Month Low Weely Real Estate News
HomeAuthorsMark Paul Cervantes

Articles by Mark Paul Cervantes

Weely Real Estate News

Canadians Divided on Whether to Buy a Home Now or Later

April 12, 2023 Mark Paul Cervantes Comments Off on Canadians Divided on Whether to Buy a Home Now or Later

More than a quarter of survey respondents said they would consider delaying a home purchase because of the possibility of a recession. The post Canadians Divided on Whether to Buy a Home Now or Later […]

Housing Wire

The real estate industry battles the rising tide of email fraud

April 12, 2023 Mark Paul Cervantes Comments Off on The real estate industry battles the rising tide of email fraud

Olufolajimi Abegunde, a Nigerian citizen living in Atlanta, and Javier Luis Ramos-Alonso, a Mexican citizen living in Seaside, California, were each convicted in 2019 in federal court in Tennessee of participating in a sophisticated international […]

Housing Wire

WA Senate passes bill to lift ‘middle housing’ zoning restrictions

April 12, 2023 Mark Paul Cervantes Comments Off on WA Senate passes bill to lift ‘middle housing’ zoning restrictions

Senate lawmakers in Washington passed a bill on Tuesday that would lift the restrictions on certain types of multifamily properties, called “middle housing,” in areas zoned for single-family housing in the midst of a statewide […]

Weely Real Estate News

Bloomberg Report Claims UWM Suffers From a ‘Locker-Room Culture’

April 12, 2023 Mark Paul Cervantes Comments Off on Bloomberg Report Claims UWM Suffers From a ‘Locker-Room Culture’

Company head Mat Ishbia is not blamed in the article for encouraging alleged bad behavior in his workplace. The post Bloomberg Report Claims UWM Suffers From a ‘Locker-Room Culture’ appeared first on Weekly Real Estate […]

Housing Wire

UWM revives its conventional 1% down mortgage loan program

April 12, 2023 Mark Paul Cervantes Comments Off on UWM revives its conventional 1% down mortgage loan program

Top wholesale lender United Wholesale Mortgage (UWM) is yet again ramping up efforts to gain more market share at the cost of potential profits. On Wednesday, the Detroit-based lender announced that it is reviving the […]

Weely Real Estate News

BNC National Bank Sells Its Mortgage Division

April 12, 2023 Mark Paul Cervantes Comments Off on BNC National Bank Sells Its Mortgage Division

BNC Chairman Michael Vekich said this was in the “best long-term interests of BNC Bank, BNCC’s shareholders, and the communities we serve.” The post BNC National Bank Sells Its Mortgage Division appeared first on Weekly […]

Weely Real Estate News

Planet Home Lending Debuts 1st Year Flex Program

April 12, 2023 Mark Paul Cervantes Comments Off on Planet Home Lending Debuts 1st Year Flex Program

“We’re committed to finding innovative solutions to help more borrowers purchase a home,” said Michael Dubeck, CEO and President of Planet Financial Group. The post Planet Home Lending Debuts 1st Year Flex Program appeared first […]

Weely Real Estate News

United Wholesale Mortgage Launches Conventional 1% Down

April 12, 2023 Mark Paul Cervantes Comments Off on United Wholesale Mortgage Launches Conventional 1% Down

Mat Ishbia, president and CEO of UWM, said the company will “continue developing products and solutions that will help get more borrowers into homes faster, easier and cheaper.” The post United Wholesale Mortgage Launches Conventional […]

Canada
Air Bnb Newsroom

Hosts generated over $2 billion in tax revenue in the US and Canada in 2022

April 12, 2023 Mark Paul Cervantes Comments Off on Hosts generated over $2 billion in tax revenue in the US and Canada in 2022

Since 2014, Airbnb has worked with tens of thousands of local governments around the world to streamline the collection process for tourism taxes. To date, we have remitted more than $7 billion in tourism taxes […]

Weely Real Estate News

Mortgage Application Activity Up 5.3%

April 12, 2023 Mark Paul Cervantes Comments Off on Mortgage Application Activity Up 5.3%

The Refinance Index inched up by a scant 0.1% from the previous week. The post Mortgage Application Activity Up 5.3% appeared first on Weekly Real Estate News.

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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 […]

Daily Real Estate News

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