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Coming Up:
KBRA Assigns Preliminary Ratings To $569.1M Non-QM Offering
The CSMC 2022-NQM3 Trust RMBS offering comprises 1,137 residential mortgages characterized by a significant concentration of loans underwritten using alternative income documentation.
Reference Point Names Bott to Lead Housing Finance Offering
Bott was previously Guaranteed Rate EVP for regulatory compliance and operational risk
First Community Mortgage Hires Jeff Raich For Dallas Market
25-year industry veteran will focus on TPO lending
Mortgage Applications Down, Interest Rates Up
The recent decrease in purchase applications is an indication of potential weakness in home sales in the coming months.
Nationwide, Homebuyers Need 34% More Income Or More To Afford A Mortgage
Homebuyers in nearly every part of the country have felt the impact of surging home prices since the start of the pandemic, but none like those in the Sun Belt states.
Flagstar Bancorp 1Q Earnings Down 64% YOY; Cut 20% Of Mortgage Staff
CEO says he is optimistic about 2022 after the bank navigated a 'transitionary period' in the first quarter.
Profit Margins Fall For Home Builders & Balance Sheets Grow
Nationwide survey of single-family builders revealed profitability benchmarks for the home building industry.
Rocket Looks To Cut 8% Of Workforce
Detroit-based Rocket Mortgage and Amrock, its title company, are offering voluntary buyouts.
New Home Sales Fell 8.6% In March
Sales of new single-family homes fell in every region in March from a month earlier.
FHFA House Price Index Up 19.4% Year Over Year
S&P CoreLogic Case-Shiller Index reports similar figures.