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Home buyers may find less competition near city centers for the first time in years
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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: 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
‘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
How to Get Rid of Roaches in Your Apartment or House and Keep Them Gone for Good
Cockroaches: a tiny pest with a big reputation. Roaches are one of the most common apartment and household pests, and they’re notoriously difficult to get rid of. Even if you keep your space tidy and clean, these pests can still
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
What to Look For on a Home Tour
Touring homes can be a thrilling experience, especially if you’re a first-time homebuyer. However, you can easily get swept away in the excitement of it all and not realize that you’re missing out on some very important details about the
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
Apartment Applications: What to Expect and How to Land the Perfect Pad
Whether you’re looking for your first apartment in Los Angeles, CA, or starting fresh in a new city like Chicago, IL, the quest to land the perfect pad is an exciting journey that may involve a few unexpected twists and
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
How to Buy a House With Bad Credit
Buying a house can be an exciting yet confusing process. It can also be frustrating when you’re trying to buy a house with bad credit and don’t know where to turn for answers. Many people rent with the dream of
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
What is a Tudor Style House? All About this Historic Architectural Delight
Whether you’re looking for a little slice of history, a home that’s uniquely charming, or one that looks like it jumped off the pages of a storybook – you’ll find all that and more in a Tudor style house. From
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
Project Left Unfinished? What to Do When a Contractor Doesn’t Finish the Job
For most homeowners, a great deal of effort goes into choosing the right contractor for their home renovations. By the time you’ve decided on a contractor, finalized an agreement, and paid the deposit, the last thing you need is for
10 Pros and Cons of Living in Georgia
Are you considering moving to Georgia and possibly buying a house in Atlanta or somewhere like Alpharetta? Georgia, popularly known as the Peach State, is the 24th most extensive state in terms of the landmass in the U.S. The state
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
What is a Loft Apartment? Living Life at the Top
Living the city life can bring lots of the hustle and bustle, sprawling views of the skyline, and countless new activities and restaurants to check out every day of the week. If you’re renting an apartment in New York, NY,
Birmingham Alabama Housing Market: Prices & Trends 2022
How is The Housing Market in Birmingham Alabama? Birmingham, Alabama has come a long way from its Southern roots, though it retains its historic charm. Birmingham recently earned the title of being the South’s “Comeback Town.” The Birmingham AL real
10 Pros and Cons of Living in Texas
Texas, also known as the “Lone Star State,” is the second-largest U.S. state by area and population. With such a big state, you’ll find something to love about Texas – may that be the fantastic barbeque or the beautiful state
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
What Is a Quitclaim Deed? Everything You Need to Know
You’ve been searching for houses for months and finally found the one you like. After making your way through the homebuying process, one of the final steps is ordering a title search and then have the seller execute the deed
Rent is at an all-time high, but renters still have opportunities to save
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