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CoreVest To Expand Its Correspondent Channel

CoreVest American Finance LLC is expanding its business purpose loan correspondent channel, following the pricing of its inaugural securitization of bridge loans on transitional housing assets.

Correspondent
KBRA Assigns Preliminary Ratings To RCKT 2021-4

Includes 1,002 Residential Mortgages With An Aggregate Principal Balance Of $968.4M

Industry News
Supply And Labor Constraints Impede Economic Growth, Home Sales

Near-term real GDP growth expectations were lowered due largely to supply chain disruptions and labor market constraints.

Analysis and Data
RE/MAX Report Shows The Housing Frenzy Is Behind Us

2021’s busiest home buying and selling months are behind us, according to the RE/MAX National Housing Report for August.

Analysis and Data
CFPB: Renters At Risk As Pandemic Safety Net Ends

Report Finds Stimulus Checks, Other Payment Relief Linked to Renters’ Financial Stability

Analysis and Data
Zillow Predicts A More Temperate Housing Market This Fall

Another month of rising inventory and price cuts for home listings allows buyers to breathe easier this season.

Analysis and Data
Proper Rate Names Midwest Regional Manager

Proper Rate named Tom Martin as Midwest regional manager based in the Chicagoland area. 

Community
CrossCountry Mortgage Adds New LO

CrossCountry Mortgage LLC hired Steph Noble to join its Portland branch as a loan officer.

Community
A Market Conundrum: Retail Sales Are Up, Consumer Sentiment Is Down

Retail sales increased by 0.7% monthly and 1.8% year-over-year, but the August Survey of Consumer Sentiment reported a decline of 13.4%.

Analysis and Data
E-Closing Technology: Norcom Mortgage’s Implementation Lessons

Norcom Mortgage outlines its implementation lessons learned as the company transitioned to its digital experience.

Tech