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Industry News
Coming Up:
Angel Oak Mortgage Announces Initial Public Offering
Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines
The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.
CFPB New Rule Prevents Predatory Lending To Military Service Members
The CFPB stipulates its authority to examine supervised financial institutions for risk to active duty servicemembers and their dependents.
Inventory Begins A Slow Recovery
Inventory grew 3.9% from April to May, according to Zillow's latest Market Report, after a year of steady decline.
Mortgage Lenders Expect Profit Margins To Shrink
69% of lenders believe profit margins will decrease in the months ahead, while 19% believe profits will remain the same, and 11% believe profits will increase.
Real Estate Industry Calls To End Eviction Moratorium On June 30, 2021
Expanding the moratorium will only increase levels of debt on renter households and impede the recovery of the housing sector.
Fifth Third Bank Expands Down Payment Assistance Program
The program will provide up to $3,600 towards a down payment for families with low to moderate income.
Filo Mortgage Launches Low-Rate Guarantee
National mortgage lender Filo Mortgage is offering to beat competitors' pricing by $1,000 with its Low-Rate Guarantee.
FAU Index Shows Where Consumers Should Buy Or Rent
Consumers are better off renting in cities like Dallas, Texas
Verus Title Inc. Expands Into Dallas-Fort Worth Texas
Verus plans to take advantage of the Dallas-Fort Worth market before expanding throughout the state.