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.
Today, the new home sales data perfectly explains why housing permits are near cycle lows and why we can’t get any traction ...
The mortgage industry unfairly lumps non-QM loans with subprime. Learn why today's non-agency borrowers are high-credit, self ...
A nationwide survey shows 87% are migrating mortgage tech, yet only 8.7% are finished and 40.9% spend 60% to 80% on upkeep.
Coldwell Banker Warburg will operate as Warburg at Compass in New York, and Compass has not set a timeline for the transition ...
Originators are leaning into HELOCs, non-QM and niche borrowers, plus stronger AE collaboration to improve closeable loan ...
NAR’s Q2 report details strategic plan progress, including DOJ letters, Tuccori settlement steps, and new broker and data ...