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Coming Up:
Gen Z Destinations For Home Buying
Salt Lake City topped the list and San Francisco brought up the rear.
Finance of America Reports $64M Loss
Company attributed it to widening credit spread
loanDepot Suspends Dividends After Heavy 1Q Losses
Originator reports a loss of $91 million on quarterly revenues of $503 million
Fears That Fed’s Actions Could Trigger a Recession
Freddie Mac, CoreLogic economists say Fed efforts could affect mortgage rates
May 10, 2022
Planet Home Lending Expands Operations In Texas
New San Antonio office will be Lone Star state’s seventh location
UWM Reports Net Income of $453 Million In First Quarter
The total represents an increase of about $213 million over the previous quarter, but is about $407 million less than the first quarter of 2021.
Mortgage Credit Availability Continues To Tighten
Second monthly drop driven by drop in government loan credit availability.
Georgia Governor Signs New Mortgage Licensing Law
Lessens impact on hiring of out-of-state employees with criminal records
loanDepot Announces $91M First Quarter Loss
Quarterly revenues are down 40% to $503 million from fourth quarter's $705 million.