Planet Home Lending, LLC has reached a definitive agreement to acquire certain assets of the delegated correspondent channel of Home Point Financial Corporation (Homepoint), a mortgage originator, servicer, ...
Read More »Sale-to-List Price Ratio Hits All-Time High
According to a new report from Redfin, the typical homebuyer’s monthly mortgage payment jumped to 39%, — the largest year-over-year gain on record as the average 30-year-fixed rate ...
Read More »The Week Ahead: Meeting the Demands of Digitally Minded Customers
Advances in technology in the mortgage space have increased customer expectations, and an upcoming Five Star webinar will explain how to keep ahead of the digital curve.
Read More »Profit Margins on Homes Dive in Q1
Median-priced home sale profits in the first quarter dropped from 51.6% to 47.2%, the first drop since 2019, and the largest since 2011.
Read More »Millennials Represent Largest Share of Adults Buying Homes
One-third of millennials say they feel pressured into buying a home at their age, while 43% are looking to buy to start building equity.
Read More »Tapping the Brakes on Mortgage Rate Hikes
The seven-week streak of rates on the rise has come to an end, as mortgage rates scaled back slightly, with a decline in demand expected to soften home price growth.
Read More »Homes Are Receiving Fewer Bids as Prices Increase
It seems that rising interest rates and record-high home prices are finally starting to affect the market as fewer homes received competing bids in March than they did ...
Read More »Senior Home Equity Surpasses Record-High $10.6 Trillion
According to the latest quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index, homeowners 62 years and older saw their housing wealth grow by nearly 4% —or $405 ...
Read More »Home Prices Rise YoY in February
Up slightly from January’s total of 19.1%, home prices in the month of February continued to accelerate, recording a 19.8% annual gain.
Read More »Mortgage Application Activity Falls to Four-Year Low
As mortgage rates exceed the 5% mark, mortgage application volume continues to slide downward, falling 8.3% over last week’s totals.
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