Mortgage Applications Decrease 8.9% Amid Snowstorm Impact on Demand
Mortgage applications decreased by 8.9%, driven by a 14% drop in purchase activity, while refinance activity rose to 57.1% of all applications.
Experian to acquire the mortgage comparison platform Own Up.
Experian to acquire mortgage shopping platform Own Up, aiming to enhance homebuying guidance and loan options within its consumer credit ecosystem.
44.6% of Mortgaged Homes Were Equity-Rich in Fourth Quarter Report
A notable decline in equity-rich mortgaged homes to 44.6% raises implications for investment strategies among private lenders. Explore key insights and trends.
Purlin and Final Offer Combine to Create a Unified AI Real Estate Platform
Purlin and Final Offer have merged to create an AI platform that integrates real estate, mortgage, and title services, benefiting 35,000 agents and 15 million consumers.
Newrez Drives Profit and Servicing Expansion for Rithm Capital
Rithm Capital reported earnings of $567.2M, driven by strong performance from Newrez in originations, servicing, and non-QM production.
Keller Williams resolves Batton homebuyer commission lawsuit for $20 million
Keller Williams resolves the Batton homebuyer commission lawsuit for $20 million, alleviating antitrust concerns for agents and franchisees across the network.
State Regulators and Consumer Groups Oppose OCC’s Escrow Account Proposals
Proposals aim to expand banks' control over escrow accounts, asserting federal law supersedes state regulations governing these financial tools.
Paul Fiore discusses expanding HighTechLending’s market presence.
Paul Fiore has joined HighTechLending to enhance branch growth and introduce innovative reverse mortgage products like EquitySelect. Explore the opportunities.
PennyMac Achieves $107M Profit in Q4 Amid Origination Growth and MSR Runoff
PennyMac reports Q4 net income of $106.8M, driven by increased mortgage production despite declines in servicing income due to prepayments.
Marilyn Monroe’s Last Home Owners Challenge Historic Designation in LA
Legal action regarding historic designations can influence property values and investment opportunities. Explore the implications for private lenders in real estate.