What’s the Story?
The housing market is as competitive as ever despite 53% rise in mortgage costs
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The Beginner’s Guide to ADU Investing (Accessory Dwelling Units)
Home buyers may find less competition near city centers for the first time in years
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4 Ways to Give Your Kitchen Personality
A creative kitchen can feature your interests and taste — and blend with other rooms. The post 4 Ways to Give Your Kitchen Personality appeared first on HouseLogic. Go to Source Author:
Building a House vs. Buying and When Is It “Too Late” To Invest?
BPCon 2022: The Real Estate Investing Event of The Year
Down Payment Gift Funds, Crash Indicators, & Partnership Problems
Mansion Madness
‘Foreclosure Abuse Prevention Act’ awaits New York governor’s signature
Homeowners in New York who are knee-deep in foreclosure litigation may soon get a break, as a piece of legislation making its way to Gov. Kathy Hochul’s desk could discharge a swath of foreclosure cases pending in state and appellate
Opinion: Use data to scale your mortgage servicing business
Mortgage servicing is a scale business, meaning the economics of scale can be achieved with larger servicing portfolio by spreading the fixed costs among more loans being serviced. Such scaling; however, hasn’t achieved the expected results as indicated by both
Blend: We plan to outperform the decline in origination volume
Blend Labs reported a $73.5 million loss in the first quarter, but pointed to the performance of its mortgage banking and title sectors as a positive sign for the rest of the year. The company’s revenue rose to $71.5 million,
Opinion: Is the lending market overcorrecting toward tech? Maybe
Rates are rising. Refinances are falling. Inventory is contracting. Application fallouts are worsening. It’s getting harder out there. Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic
Pros and cons of buying out-of-state rental property in 2022
Not everyone can afford to invest in rental property in the area they live in. In some regions, housing prices are so high that it may be difficult to add to your real estate portfolio. Whether cash buyers outbid you
MSR sales played a key role in nonbank profits in Q1
An ebullient market for mortgage-servicing rights (MSRs) helped to buoy the profitability of at least three major nonbank lenders that are publicly traded and abated losses for a fourth, based on their recently announced first-quarter financial results. Those lenders are UWM Holdings Corp., the
Homepoint profits $12M in Q1 after selling operations and assets
Home Point Capital, the parent company of wholesale lender Homepoint, continues to turn profits based on the selling of operations and assets as management adjusts the company to the shrinking mortgage market. The wholesaler reported on Thursday morning it notched a
Almost 45% of homeowners are now equity rich
Soaring home prices continue to serve existing homeowners, with nearly 45% of all property owners now considered equity rich, a year-over-year jump that boosted 13% more homeowners into the prime position. A homeowner is considered equity rich when they have
Purchase mortgage rates increase to 5.30%
Purchase mortgage rates this week averaged 5.30%, up three basis points from a week ago, causing homeowners’ monthly payments to increase by about one-third year-over-year, according to the latest Freddie Mac PMMS. Borrowers continue displaying resilience, but higher rates expected in coming months
Julia Gordon confirmed as new FHA commissioner
The U.S. Senate confirmed Julia Gordon on Wednesday evening to serve as commissioner of the Federal Housing Administration (FHA). The position is part of the Department of Housing and Urban Development. Gordon, who most recently stepped down from her role