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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

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 […]

Could mortgage rates finally hit 8%?

October 6, 2023 Mariel Alumit Comments Off

Mortgage rates kept climbing this week as spreads on the 10-year Treasury yield widened, reaching a 16-year high. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down […]

Christie’s will launch a new luxury Austin brokerage this Fall

September 24, 2023 Allen Santos Comments Off

Christie’s International Real Estate is poised to enter the Austin market this fall as it launches a new affiliate. The brokerage firm will be owned and operated by Jerry Mooty Jr., with backing from the […]

Mortgage Application Volume Struggling With Higher Rates

August 24, 2023 Allen Santos Comments Off

Mortgage interest rates rose again last week, reaching the highest level in nearly a quarter century and further sidelining mortgage borrowers. The Mortgage Bankers Association (MBA) reported that its Market Composite Index, a measure of […]

US credit card debt tops $1 trillion, overall consumer debt little changed

August 9, 2023 Mark Paul Cervantes Comments Off

(Reuters) – Americans borrowed more than ever on their credit cards in the last quarter, the New York Federal Reserve Bank said on Tuesday, with balances surpassing $1 trillion for the first time even as […]

Bank stocks sink on Moody’s downgrades, Italy’s windfall tax

August 9, 2023 Mark Paul Cervantes Comments Off

(Reuters) – U.S. and European bank stocks dropped on Tuesday on renewed investor worries about the health of the industry after ratings agency Moody’s downgraded several U.S. lenders and Italy approved a surprise 40% windfall tax on its lenders. […]

US dollar gains as Fed comments on more rate hikes lend support

August 8, 2023 Mark Paul Cervantes Comments Off

(Reuters) – The Dollar rose against major currencies on Monday, broadly supported by Federal Reserve officials saying additional interest rate hikes are likely given that inflation remains persistently high and the labor market is still […]

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 […]