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Freedom Mortgage acquires J.G. Wentworth Home Lending
Freedom Mortgage has finalized an agreement to acquire J. G. Wentworth Home Lending, the company announced Thursday, in a deal that will boost its...
Portland sees slowdown in rent growth
Despite adding 21,800 jobs in a 12 month period ending in March 2019, Portland's rent growth rose at less than half the national average rate....
Freddie Mac: Mortgage rates remain near 3-year low
This week, the 30-year, fixed-rate mortgage averaged 3.75%, matching last week. A year ago, the rate averaged 4.60%, according to the Freddie Mac...
Rent in the Big Apple hits 3-year high
The nation's median rent prices moderately rose in August, climbing the highest in the Golden State, according to Zumper's latest National Rent...
Mortgage servicers are missing the boat when it comes to customer satisfaction
Let's just say servicers have a lot of room for improvement when it comes to customer satisfaction. J. D. Power's latest customer satisfaction...
FHA moves to limit cash-out refinances
In the last several years, an increasing number of borrowers with loans backed by the Federal Housing Administration have been refinancing their...
Nestio launches automated, online platform for multifamily leasing
Marketing and leasing software provider Nestio announced the release Thursday of Funnel, a platform intended to improve the multifamily leasing...
2019 Woman of Influence: Lisa Robertson
Lisa Robertson has more than thirty years of experience in the mortgage, title, and real estate services industries. Prior to working with Spruce,...
2019 Woman of Influence: Susan Stewart
An industry veteran with nearly 30 years in the mortgage business, Susan Stewart is the CEO of SWBC Mortgage, a Texas-based mortgage lender. As CEO...
Fed cuts rate, citing "global developments"
The Federal Reserve cut its benchmark rate by a quarter percentage point on Wednesday at the end of a two-day meeting in Washington, D. C., in a...
Real estate lending platform Groundfloor raises $3 million through crowdfunding
Groundfloor, a real estate lending platform that raises its loan funds via crowdfunding from the public, announced Wednesday it raised $3 million...
Freddie Mac reports $1.5 billion of net income in Q2, down from $2.5 billion a year ago
Freddie Mac reported net income of $1.5 billion in the second quarter of 2019, down from $2.5 billion in the year-ago period. The government...
Cheap rates may push refis to a 3-year high
Cheap rates could push mortgage refinancings to a near-three-year high in the current quarter, the Mortgage Bankers Association said in their...
Freddie Mac: Limited homes for sale put pressure on prices
According to Freddie Mac's July forecast, home sales will be dampened this year due to a shortage of inventory and rising prices. Existing home...
Realtor.com expands Local Expert feature to city level
Real estate and housing search website realtor.com has added a new feature to make it easier for users to see content and listings from local...
First American: Consumer house-buying power could rise to new heights in 2019
In May, home prices fell 0.7%, declining 3.7% year over year, according to First American's Real House Price Index. According to First American's...
More investors take on build-to-rent housing trend
Homebuilders are stepping up to the plate and becoming landlords in the latest growing housing industry trend. According to CNBC, more and more...
Phoenix leads nation in multifamily rent growth
Bolstered largely by an economic surge - over 58,000 new jobs in the past year - Phoenix is leading the nation in year-over-year rent growth. As of...
America's rental market heats up as its housing market takes a breather
Although the housing market continues to experience a slowdown in home price appreciation, new data from Zillow suggests the nation's rental market...
Millennials want to buy homes, but their wallets are saying no
As summertime heats up, it's safe to say that spring has officially come to an end. But while its cooler days may be behind us, data says its...
CFPB moves to kill QM patch
The CFPB revealed late Thursday that it plans to allow for the planned expiration of the QM patch in January 2021, noting that it may impose a...
Mynd Property Management acquires HomeUnion, expands offerings for real estate investors
Mynd Property Management raised $20 million just over a year ago, saying at the time that it planned to use the money to expand its business. And...
Mortgage rates boost multifamily investments in Q1
Falling mortgage rates have provided a welcome boost to the multifamily market, according to the latest report from Freddie Mac, which showed that...
Homeownership rate for black Americans drops to record low
The homeownership rate for black Americans fell to 40.6% in the three months through June, the lowest level in the Census Bureau's quarterly data...
Wages aren't keeping pace with home-price growth, and it's putting a dent in the housing market
A good real estate agent might tell you that the general rule of thumb when buying a home is to follow a price-to-income ratio of 2.6, meaning that...
City of Houston channels disaster relief funds to build affordable housing
The NHP Foundation, a not-for-profit provider of affordable housing, announced Thursday that they received $12 million in federal disaster relief...
Economists say 2020 recession likely, but housing market won't be hit
This month, the United States set a record for the longest economic expansion, but this is forecasted to end in 2020. According to a panel of more...
Freddie Mac: Mortgage rates sink to a near 3-year low
This week, the 30-year, fixed-rate mortgage averaged 3.75%, falling from last week's 3.81%. A year ago, the rate averaged 4.54%, according to the...
Google invests $50 million in affordable housing
Google announced on Wednesday its $50 million investment in Housing Trust Silicon Valley's TECH Fund. This investment is the largest one to date....
Mortgage borrowers’ FICO scores rise to a 3-year high
The average credit score of borrowers who got all types of mortgages in June rose to 731, an almost three-year high, as a strong labor market...