UWM’s profits grow in Q3 as margins improve, volumes decline
UWM Holdings Corporation, the parent of United Wholesale Mortgage (UWM), produced lower mortgage origination volume in the third quarter of 2023 than the previous quarter...
The Fed holds rates steady at final meeting of 2023
The Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% at its last...
Are reverse mortgages for purchase a ‘sleeping giant?’ Pros are split
According to the most recent annual report to Congress by the U.S. Department of Housing and Urban Development (HUD), the Home Equity Conversion...
Reverse mortgage volume and HMBS issuance improve in April
The refi market continues to be anemic as higher rates are persisting, with refi volume dropping 3.4% compared to the prior month. Seven...
New home sales market welcomes lower mortgage rates
New home sales missed sales estimates, but the builders’ stocks have been roaring higher. What gives? There are two key things to remember...
Why ADUs can be used for aging in place — and how reverse mortgages...
Accessory dwelling units (ADUs) have a lot of potential for aging in place, as evidenced by their growing popularity and statements from private...
Ginger Wilcox on helping agents navigate a chaotic environment
When Ginger Wilcox stepped into the role of brand president of Better Homes and Gardens Real Estate last June, many in the industry...
Christie’s Southern California launches crypto real estate division
“This is the moment crypto wealth meets tangible luxury,” said Aaron Kirman, CEO of Christie’s International Real Estate Southern California. “We’re not just...
GSEs: Lenders must address quality issues for ‘fatal data points’ before delivering loans
Fannie Mae and Freddie Mac jointly announced this week that they have entered a new critical edit phase for their Uniform Closing Dataset...
DataDigest: Mortgage rates aren’t causing delinquencies. Disasters are
In September 2022, the 30-year fixed mortgage rate averaged 6.1%, according to Freddie Mac data. Fast-forward one year, and the rate averaged 7.2%,...