Christine Stuart is the news director at NMP.
Freddie Mac's Chief Economist warns of persistent inflation pressure despite recent rate dip, suggesting prolonged elevated rates in the mortgage market.
As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.
National housing company hires new leadership and bolsters workforce.
Change Lending, a CDFI, obtains membership approval from FHLB-SF after meeting all statutory requirements.
San Diego-based lender reports net loss for 2023 despite aggressive growth strategy.
UWM's move comes amid rising credit report charges, providing relief to LOs.
Annual uptick reflects shifting dynamics in housing market: while some states witness decreases, others experience notable increases; South Carolina, Delaware, and Florida top foreclosure rates nationwide.
Latest data from the Mortgage Bankers Association reveals significant shifts in application volume, driven by declining rates and robust refinance demand, while purchase applications show steady growth despite lingering challenges in the housing market.
Specialist in Non-QM and investor rental programs emerges as dominant player.
Despite a 3.2% increase from last year, Federal Reserve is expected to hold off amid lingering inflation concerns; housing expenses remain stubbornly high.