Federal Reserve Maintains Interest Rates in Response to Inflation and Jobs
The anticipated shift highlights the Federal Reserve's ongoing dilemma in determining the right timing for interest rate cuts amid evolving economic conditions.
Bayview Agrees to Acquire Guild for $1.3 Billion, Taking Lender Private
Bayview Asset Management's subsidiary plans to acquire Guild Holdings Company for $1.3 billion in cash, enhancing its position in the mortgage market.
Gibson Plaintiffs Challenge eXp and Weichert Settlement Agreements
Plaintiffs in The Gibson case challenge defendants' attempt to delay proceedings following preliminary approval of the Hooper settlements, raising legal implications.
VA Loans See 45% Annual Increase, Driven by Gen Z Borrowers
VA purchase loans increased by nearly 10% year-over-year, while refinances surged by approximately 150%, highlighting shifts in veteran home financing trends.
VA Loan Applications Increase While Other Types Decline
Interest rates have declined across various loan products, yet application numbers fell as borrowers assess their choices, according to the MBA.
Homebuilders lack incentive to increase permits amid rising interest rates.
New home sales increased last month; however, builders remain cautious about issuing new permits or starting projects amidst persistently high mortgage rates.
UpEquity Secures Warehouse Facility from Silicon Valley Bank and Setpoint
Funding will enable $1 billion in originations over two years, as confirmed by a press release, highlighting growth opportunities in the private lending sector.
MV Realty to Release Florida Homeowners from 40-Year Listing Agreements
A recent directive mandates the termination of right-to-list agreements, reflecting industry compliance challenges and implications for private lenders.
Rithm completes non-QM securitization with a $500M debt issuance.
Rithm Capital has successfully closed a $504 million securitization of nonqualified mortgages, serviced by its subsidiary Newrez, highlighting market strength.
Pandemic Effects on Housing Affordability: Surprising Locations Revealed
Rising housing costs are impacting areas beyond coastal cities, affecting affordability in unexpected markets. Explore the shifting landscape of housing trends.