Spreads were 1.94%, keeping rates below 7%, while purchase apps were up 0.2% yearly and pending sales held near flat.
June new home sales rose 1.6% to 628,000 but fell 5.6% YoY, inventory was 485,000 and months of supply stayed high at 9.3.
Berkshire closed its Taylor Morrison acquisition at $72.50 per share, valuing equity at $6.8B and EV at $8.5B.
ICE said June delinquency was 3.55% and FHA new defaults fell 15% year over year, while foreclosure inventory rose to 0.53%.
Roomvu has launched a recruiting content platform that uses AI to automate agent recruitment through branded video and social ...
A 21% rise in foreclosures reflects normalization, not a crisis, as new listings stay low and homeowner equity remains high.
The mortgage industry unfairly lumps non-QM loans with subprime. Learn why today's non-agency borrowers are high-credit, self ...
Today, the new home sales data perfectly explains why housing permits are near cycle lows and why we can’t get any traction ...
A nationwide survey shows 87% are migrating mortgage tech, yet only 8.7% are finished and 40.9% spend 60% to 80% on upkeep.
Originators are leaning into HELOCs, non-QM and niche borrowers, plus stronger AE collaboration to improve closeable loan ...
Coldwell Banker Warburg will operate as Warburg at Compass in New York, and Compass has not set a timeline for the transition ...
NAR’s Q2 report details strategic plan progress, including DOJ letters, Tuccori settlement steps, and new broker and data ...