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[ December 1, 2023 ] NYC townhouse on land once owned by the Dakota’s developer is listing New York Post
[ December 1, 2023 ] This $7M NYC penthouse’s terrace is bigger than your apartment New York Post
[ December 1, 2023 ] Valentino rolls out the red carpet for glamorous NYC flagship New York Post
[ December 1, 2023 ] Kelsea Ballerini opens up about buying Kacey Musgraves’ house after her divorce New York Post
[ December 1, 2023 ] Meghan Markle and Prince Harry take LA? 5 mansions the ex-royals may snatch up New York Post

Rithm Capital completes acquisition of Sculptor

November 18, 2023 Mariel Alumit 0

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 […]

Mortgage origination market should improve by 19% next year: MBA

October 16, 2023 Mariel Alumit Comments Off

The trough for the mortgage origination market is nearing an end point and 2024 is shaping up to be a better year for the industry, economists of the the Mortgage Bankers Association (MBA) said at […]

Wells Fargo, JPMorgan show two different paths for mortgages in Q3 2023

October 13, 2023 Mariel Alumit Comments Off

At two top-five depository mortgage lenders, Wells Fargo and JPMorgan Chase, the third quarter of 2023 earnings reflected different strategies in the mortgage space. During Q3, Wells Fargo faced the consequences of exiting the correspondent lending channel […]

DataDigest: What happens if 1 million real estate agents disappear?

October 11, 2023 Mariel Alumit Comments Off

In less than a week, the first of two class action lawsuits that take aim at the NAR’s commission rules will kick off. These lawsuits threaten to radically reshape the residential brokerage landscape, and could […]

HousingWire Annual: Logan Mohtashami covers what’s happening with bonds, mortgage rates

October 11, 2023 Mariel Alumit Comments Off

CEDAR CREEK, Texas — At HousingWire Annual on Tuesday, HousingWire Lead Analyst Logan Mohtashami demystified “the madness” unfolding in the bonds market in front of an audience of more than 400 real estate and mortgage […]

Thunderstruck! US Pending Home Sales Index Slumps To Record Low -6.6% YoY As Mortgage Rates Ease And Purchase Applications Stall (30Y Mortgage Rate Still Up 156% Under Biden)

November 30, 2023 0

The US housing and mortgage markets are thunderstruck by The Fed’s attempts at cooling inflation down to 2%. After a small bounce last month – following the puke in August – pending home sales dropped 1.5% MoM in […]

Have we finally hit the bottom in existing home sales?

November 22, 2023 0

Has the epic crash in existing home sales finally found a workable bottom to rise from? The 10-year yield will be our guide, as I discussed on CNBC very early in 2023. Where the 10-year […]

Mortgage Application Activity at Highest Level in Six Weeks

November 22, 2023 0

The mortgage market is heading into the Thanksgiving holiday weekend on the upswing, according to new data from the Mortgage Bankers Association (MBA) tracking the week ending Nov. 17. The Market Composite Index, the trade […]