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Coming Up:
Angel Oak Mortgage REIT Issues $284.5M Non-QM Securitization
Calls securitization an 'inflection point' for the company.
Pending Home Sales Fell 2.7% In May
NAR says housing market remains resilient, with approximately 3 offers for each listing.
Redfin: Typical Home Selling For Just $4K Less Than All-Time High
Median price is down just 0.9% YOY, the smallest decline in nearly four months.
CoreLogic: Delinquencies Remain Near All-Time Low
In April, just 2.8% of all U.S. mortgages were in some stage of delinquency.
Mortgage Application Payments Rose 2.5% In May
MBA’s Purchase Applications Payment Index hits record high.
Home Affordability Hit 16-Year Low In Q2
ATTOM: Americans needed to use a third of their wages to cover homeownership costs.
Did Pandemic Relief Fraud Boost House Prices?
New study suggests PPP loan fraud facilitated by fintechs played a role.
loanDepot: Movement Mortgage Poaching 'Crippled' Some Branches
Lender sues Movement, claiming it illegally lured away 25 employees in 6 states.
Fintech Agile Appoints Greg Vacura As President
Former Wells Fargo exec has more than 30 years experience in the industry.
Mortgage Applications Rise 3%; 3rd Straight Weekly Increase
Both refinance and purchase applications increased.