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Coming Up:
Mortgage Applications Down Again
Applications fell 1.2% from a week earlier.
Planet Home Lending Expands in Oregon
New team in Portland focuses on construction lending in the Northwest.
May 24, 2022
Who Unplugged The Money Printer?
Who Unplugged The Money Printer?
May 24, 2022
PennyMac Cutting 207 Jobs
A wide variety of positions are affected.
New-Home Sales Continue To Slide In April
Rising mortgage rates & home prices reducing affordability, even as supply grows.
Independent Mortgage Banks See Big Drop in Revenue & Profits
IMBs reported a net gain of $223 per originated loan in 1Q 2022, down from $1,099 per loan in the previous quarter.
Suburbs Remain Popular For Homebuyers
It's all due to the ongoing appeal of remote work
Loan Officer Charged With Bank Fraud, Identity Theft
If convicted, she faces up to 30 years in federal prison on each bank fraud count and a mandatory consecutive 2 years’ imprisonment.
Openn Launches Pilot with bridgeMLS For Sales In California
Agents in Northern California, Bay Area will be able to list property and accept offers using the platform.