catastrophe - Real Estate Investor Pulse

Mortgage catastrophe brews in Britain as millions are pushed toward insolvency

June 26, 2023 Mark Paul Cervantes Comments Off

The Bank of England’s surprise 50-basis-point hike will affect millions of homeowners as the interest rates on many mortgages in the U.K. are directly linked to the central bank’s base rate. Finance Minister Jeremy Hunt […]

Housing market crash: U.S. facing “rapidly evolving catastrophe” – how it will end

February 28, 2023 Mark Paul Cervantes Comments Off

The post Housing market crash: U.S. facing “rapidly evolving catastrophe” – how it will end appeared first on Weekly Real Estate News.

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 […]