Ryan Kingsley

Cooling demand in May and June put downward pressure on price gains

The company announced concurrently its decision to purchase Flagstar Bank's servicing and TPO operations for $1.4B.

The MSRs and subservicing contracts to be purchased from Flagstar total roughly $356 billion in unpaid principal balance, and include "attractive refinance opportunities."

But, industry experts say sales data obscure still-strong demand for new construction.

Two-thirds of U.S. homes are underinsured as coverage amounts fail to keep pace with rising premiums, new report shows.

Existing homes sold in June at a rate only 40,000 units above that experienced in October 2023 — when mortgage rates kissed 8% — and 1.5 million units lower than June 2019.

Deals are falling through as buyers grow selective and the reality of high housing costs hits home.

The average existing mortgage rate for Texans is 4.3%.

Dominic Iannitti pioneered the automation of mortgage document preparation, eVault and eSign technologies.

A lack of buyer affordability has more Americans supporting rental demand as investor sentiment grows.