Pennymac executives say their goal is to become a “dominant player” in wholesale. On Thursday, the publicly traded multichannel lender launched a new technology platform for brokers called “POWER+,” a key step toward generating more […]
Keller Mortgage, the lending arm of real estate holding company kwx, is the latest firm to be hit by the rapidly decreasing demand for mortgages. On Monday, the company underwent a “mass layoff,” according to […]
The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage decreased four basis points last week to 6.66%, after jumping 40 basis points in the previous week, reflecting volatility due to the […]
Brena Nath, Director of HW+ and Events OUR OCTOBER/NOVEMBER ISSUE has long focused on the state of housing, but what’s unique about the theme this year is the collaboration and synergies that are happening in […]
In late August, Gary Keller told the 11,300 Keller Williams agents, brokers and team leaders gathered in Austin, Texas for Keller Williams Mega Camp that this is the most confusing market he has ever seen. […]
Guaranteed Rate this week walked away from negotiations to acquire Finance of America’s forward mortgage retail channel, which may result in FoA closing the division, sources with direct knowledge of the negotiations told HousingWire. Meanwhile, […]
With mortgage rates on the rise, mortgage professionals have been dealing with their fair share of challenges this year. HousingWire recently spoke with Charles J. Williams IV, founder and CEO of Percy.ai, about what housing […]
Source: Forbes — The average rate on a 30-year fixed mortgage is 6.98%, according to Bankrate.com, while the average rate on a 15-year mortgage is 6.09%. On a 30-year jumbo mortgage, the average rate is […]
Source: Institutional Investor — Amid a slow down in the economy, higher financing costs, and mounting fears of a recession, real estate values are fast declining. But the downturn is an opportunity for investors […]
Source: Real Change News — We’ve had internet bulletin boards, listservs, text websites, game environments, websites, interactive websites. Now we’re seeing metaverse real estate. I’m already completely lost and left out in the cold […]
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