The combination of high home prices and insufficient savings for a down payment makes it challenging for first-time homebuyers to pull the trigger on a property purchase. But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a […]
For iBuyer Opendoor, 2023 was all about moderation. “We are excited about how we are set up for 2024 and beyond,” CEO Carrie Wheeler told investors and analysts listening to the firm’s Q4 2023 earnings call on Thursday evening. “We’ve done the hard work in 2023 to be leaner, to be more agile, to be […]
United Wholesale Mortgage (UWM) has accused California-based brokerage and correspondent lender Mortgage Solutions FCS, dba Client Direct Mortgage, of breaching its early payoff (EPO) provision and its owner, Ramon Walker, of trademark infringement. UWM filed a lawsuit in a U.S. district court in Michigan on Wednesday. The legal battle follows the creation of a Facebook […]
The Office of the Inspector General (OIG) that overseeing both the Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau
One of the biggest takeaways from the Wednesday press conference held by Federal Reserve Chair Jerome Powell is that the central bank isn’t likely to
Finance of America Companies (FOA) President Kristen Sieffert is bullish on the prospects for the reverse mortgage industry’s leading lender in 2024, particularly after the
Josh Team is joining real estate brokerage Serhant as its first-ever president, Inman reported on Monday. After taking a three-year break from the industry, Team,
United Wholesale Mortgage (UWM) announced Wednesday that it’s allowing its broker partners to offer a temporary discount of 100 basis points (bps) for conventional rate-and-term refinances.
Despite cooling interest rates, the title insurance segment at Big Four title firm Old Republic recorded a 22.8% annualized decline in net premiums and fees
Sports TV personality Stephen A. Smith, speaking on Detroit as the Detroit Lions were in the final four contenders to play in Super Bowl LVIII, described the city as follows: “Detroit. Phenomenal fan base. Great city. It’s been through a lot. The downtown area, big time. The stadium, big time.
The Office of the Inspector General (OIG) that overseeing both the Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau (CFPB) released a report stating that the CFPB’s enforcement investigation processes can be enhanced, and it offers recommendations on how to accomplish this goal, according
One of the biggest takeaways from the Wednesday press conference held by Federal Reserve Chair Jerome Powell is that the central bank isn’t likely to cut interest rates in March as investors had hoped. After signaling interest rate cuts for 2024 in its previous meeting, the focus shifted to when
Finance of America Companies (FOA) President Kristen Sieffert is bullish on the prospects for the reverse mortgage industry’s leading lender in 2024, particularly after the company went through a series of major changes last year, including the acquisition of American Advisors Group (AAG). This is according to an interview with
Josh Team is joining real estate brokerage Serhant as its first-ever president, Inman reported on Monday. After taking a three-year break from the industry, Team, the former president of Keller Williams, chose the brokerage headed by Ryan Serhant to make his comeback. In his new role, Team will be responsible
United Wholesale Mortgage (UWM) announced Wednesday that it’s allowing its broker partners to offer a temporary discount of 100 basis points (bps) for conventional rate-and-term refinances. The discount is valid on new loan locks through March 29. It’s not the first time that the Pontiac, Michigan-based lender has encouraged borrowers to