Mortgage Applications Decrease 3.8% While Purchase Demand Remains Strong
Mortgage applications declined by 3.8% last week, with 30-year conforming rates at 6.60% and refinance share at 40.3%, indicating market challenges.
Pending Home Sales Increase Despite Rising Interest Rates
Pending sales increased 4.8% year-over-year as mortgage rates remained below 7% and inventory gains moderated price fluctuations, signaling market resilience.
Bed Bath & Beyond to Purchase Fathom Holdings in Stock Transaction
Bed Bath & Beyond plans to acquire Fathom in an all-stock deal valued at $53.38M, offering 0.2236 shares per Fathom share. Strategic growth on the horizon.
Lawmaker urges FTC to evaluate agent referral tools on real estate platforms.
Rep. Ben Cline has called on the FTC to investigate "contact agent" tools and possible steering practices towards affiliated lenders that may increase buyer costs.
CoStar’s Amicus Brief Rejected in Zillow MRED Compass Litigation
Illinois judge rejects CoStar's request to file an amicus brief in Zillow's ongoing legal battle against MRED and Compass, setting the stage for a July hearing.
Florida Sees Rise in Closed and Pending Home Sales
Florida's closed and pending home sales demonstrate consistent year-over-year growth across property categories, indicating a robust market for private lenders.
Mortgage Brokers Request 12-Month Postponement of Fannie and Freddie Condo Regulations
The National Association of Mortgage Brokers requests the FHFA to postpone implementation of new insurance standards for Fannie Mae and Freddie Mac condominium projects.
Roomvu Introduces AI-Generated Landing Pages
Discover customizable templates for buyer lead generation, luxury property marketing, and market expertise positioning, tailored for private lenders' needs.
BrokerBot Advances Brokerage Automation Following Successful Seed Round
Discover how BrokerBot's deployment across 240+ brokerages and 30,000+ agents is transforming the mortgage landscape for private lenders.
Essential Insights for Mortgage Professionals on Reverse Mortgages
Discover how reverse mortgages, reverse second liens, and housing wealth strategies empower originators to better serve senior homeowners in today's market.