Plunk, BHR partner on property data intelligence
Plunk, an AI-powered home analytics platform, announced a proptech partnership with BHR, a housing data aggregator. Through this collaboration, BHR’s RealReports platform will integrate Plunk’s proprietary AI...
Homebuyers made larger down payments as mortgage rates surged in Q3: Realtor.com
Homebuyers are forking over larger down payments to offset higher borrowing costs thanks to mortgage rates hitting multi-decade highs.
On average, homebuyers put down 14.7% of the...
Class Valuation acquires AMC Valuation Connect
Troy, Michigan-based appraisal management company (AMC) Class Valuation announced on Wednesday that it has acquired fellow AMC Valuation Connect, formerly a subsidiary of mortgage technology company...
UWM to cover appraisal costs on 1-0 temporary rate buydowns
Michigan-based United Wholesale Mortgage (UWM) wants to court more brokers by offering no-cost appraisals on 1-0 temporary rate buydowns amid fierce competition in the industry.
The wholesale...
NAR’s Lawrence Yun predicts lower rates, 15% jump in existing-home sales in 2024
Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence...
FHA: MMI Fund remains healthy despite mortgage headwinds
The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) managed another solid year of financial performance for the Mutual Mortgage...
DataDigest: 281 Realtors sound off on future of commissions in HousingWire survey
Ask the average real estate agent or broker in America if they believe the National Association of Realtors (NAR) and brokerages are likely to win the...
Marketing matters: How to stand out in a challenging mortgage environment
The economic trifecta of rising interest rates, persistently high home prices and record undersupply is making home buying increasingly challenging. Every loan on your book matters...
Weekly mortgage applications pick up but remain subdued: MBA
Both purchase and refinance applications increased to their highest weekly pace in five weeks after mortgage rates logged the largest decline in a year.
Total home loan...
Mortgage delinquencies inch up in Q3 as job market cools: MBA
Total mortgage delinquencies rose slightly in the third quarter of 2023 as the job market cools and inflation puts more pressure on homeowners. However, delinquency rates...