Amid the most challenging mortgage market in decades, multichannel lender Finance of America (FoA) plans to sell its retail mortgage division and shut down its forward wholesale channel, multiple sources told HousingWire. According to former […]
Source: The New York Times — As the average 30-year mortgage rate eclipses 7 percent, home buyers and sellers are confronting sticker shock. The interest rate for the most common home loan in the […]
Source: Investopedia — When interest rates fall, many homeowners will refinance their mortgage to lock in a lower interest rate, which can reduce a borrower’s monthly payment or allow a homeowner to build equity more quickly. However, one […]
This week’s HW+ member spotlight features Tammy Richards, CEO at LendArch. She has held leadership positions at Bank of America and Caliber Home Loans, and most recently served as chief operating officer at loanDepot. Below, Richards answers questions […]
Source: Yahoo — John Paulson became a billionaire after his hedge fund effectively shorted more than $25 billion of mortgage securities at the dawn of the global financial crisis. As he sizes up yet […]
The entire agenda at HousingWire Annual is jam-packed with informative speakers and invigorating panels. Included in this agenda are also four, breakout sessions that cover different key parts of the housing sector. In these 20-minute […]
Source: Fortune — t” through a “difficult correction.” “For the longer term what we need is supply and demand to get better aligned so that housing prices go up at a reasonable level and […]
With job industries and work cultures changing as a result of the global pandemic, more people than ever are looking to build their own businesses. While many have simply renovated rooms or created dedicated […]
Source: Housing Wire — When Federal Reserve Chairman Jerome Powell talked about a housing reset in June, it sent shockwaves around the country because it sounded so ominous. In the most recent FOMC meeting, held last week, […]
Source: Reuters — LONDON, Sept 26 (Reuters) – Turmoil in British financial markets forced mortgage lenders to temporarily withdraw and reprice products for new customers on Monday, a real-world consequence of the market volatility […]
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