In a volatile mortgage rate environment, Carrington is offering assumable mortgages as another loan option in today’s real estate market.
Read More »Ten Quarters of Equity Gains Come to a Close
While home equity levels remained relatively flat, equity rich properties now make up 48% of all mortgaged properties.
Read More »Putting 2022’s Housing Market Trends Under the Microscope
The wild ride known as the U.S. housing market slowed dramatically in the fall of 2022, as mortgage rates surged and home prices remained high.
Read More »Finance of America to Acquire AAG
Acquisition of nationwide reverse lender by Finance of America marks the company’s expansion into the direct-to-consumer retail channel.
Read More »Slowing House Price Appreciation Expected to Continue
Having slowed from recent peaks, house price appreciation in all top 50 markets analyzed in the latest study from First American revealed the housing market is adjusting to the decline in affordability as the hot pandemic sellers’ market transitions in favor of homebuyers.
Read More »Senior Home Equity Hits Record $11.58T Nationwide
The latest data from NRMLA/RiskSpan finds U.S. homeowners 62 and older experiencing housing wealth growth of 4.10% or $456 billion in the second quarter of 2022, marking a new all-time high.
Read More »The Average Homeowner Gained $60k in Equity YoY
Home equity hit a new high in the second quarter according to CoreLogic, as homeowners with mortgages gained a collective $3.6 billion year-over-year over the course of a ...
Read More »Fed Rate Hike Drives Down Mortgage Application Volume
Driven by last week’s Fed rate hike, both purchase and refi apps tailed off week-over-week, as fixed-rate mortgages advanced beyond the 4% mark, pricing many first-time buyers out of the market.
Read More »Zeenat Sidi Tapped to Lead loanDepot’s New mello Unit
Fintech vet with more than 25 years of experience to serve as President and COO of new mello operating unit, which will complement loanDepot’s mortgage and servicing operations platform.
Read More »Following the Growth of Home Prices, Tappable Equity Grows Too
According to a new report, the market holds $10 trillion in tappable equity, up 35% from last year.
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