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[ 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

Airbnb Q4-2023 and full-year financial results

February 22, 2024 Mariel Alumit Comments Off

We issued our fourth quarter and full-year 2023 financial results. You can read the details here. Airbnb Co-Founder and CEO Brian Chesky said: “2023 was another incredible year for Airbnb. Our Host community surpassed […]

Are mortgage rates about to break out higher again?

February 20, 2024 Mariel Alumit Comments Off

Will mortgage rates break toward 8% again, making another 2024 data line that looks like a carbon copy of 2023? It’s not part of my 2024 forecast, but since the Federal Reserve likes playing […]

Banks report tightened lending standards for nearly all residential mortgages: Fed survey

February 7, 2024 Allen Santos Comments Off

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. There’s some optimism, however. With the central […]

Watchdog says HUD has struggled to prevent ‘improper payments’ for 11 years

January 27, 2024 Allen Santos Comments Off

The U.S. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) issued a management alert this week, saying that the department has struggled to identify and prevent “improper payments” related […]

Rithm Capital completes acquisition of Sculptor

November 18, 2023 Mariel Alumit Comments Off

New York-based Rithm Capital, the parent company of Newrez, announced on Friday it completed the acquisition of Sculptor Capital Management for $719.8 million. The deal was made public four months ago and created a dispute among investors to take the […]

Mortgage rate lock volume remained flat in October amid headwinds

November 13, 2023 Mariel Alumit Comments Off

Affordability headwinds continued in the mortgage industry with mortgage rate lock volume remaining virtually flat in October. Both purchase and refinance volumes continued to wane in the face of the highest mortgage rates in over […]

Change Lending keeps CDFI certification after agreement with US Treasury

November 4, 2023 Mariel Alumit Comments Off

Non-bank originator Change Lending will continue to originate non-qualified mortgages (non-QMs) for underserved borrowers after it reached a tentative deal with the U.S. Department of Treasury that would keep the firm certified as a Community […]

Airbnb Q3 2023 financial results

November 2, 2023 Mariel Alumit Comments Off

Today we issued our third quarter 2023 financial results. You can read the details here. Airbnb Co-Founder and CEO Brian Chesky said: “Our Q3 results highlight a record travel season on Airbnb and our most […]

Nonbank mortgage companies will remain under pressure in 2024: Fitch

October 31, 2023 Mariel Alumit Comments Off

The finances at nonbank mortgage companies will remain under pressure in 2024, despite some relief in mortgage rates, according to a new Fitch Ratings report. But the credit ratings agency has a “moderately deteriorating” outlook for the […]

Foreclosures continue to surge: Are they a threat to the housing market?

October 21, 2023 Allen Santos Comments Off

Is this a repeat of the 2008 housing bust? The number of homeowners hit with foreclosure notices in the third quarter of the year jumped 34% from a year ago to nearly 125,000, according to […]

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

February 25, 2024 Comments Off

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 […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

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 data sends mortgage rates higher

February 3, 2024 Comments Off

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 […]