Without enough cash to pay its existing Chapter 11 bankruptcy obligations, the administrator for RMF’s estate aims to convert to Chapter 7.
UWM aims to connect homebuyers with a local mortgage broker, provide available loan options through its rebranded website Mortgage Matchup.
GSEs buying more MBS and the Fed ending QT could be a fix — though one seems far more likely than the other.
Delayed closing that stemmed from the Dec. 20, 2023, cyber incident are expected to lead to weaker fourth quarter financials at First American.
Analysts view the forward curve and recent reductions in the mortgage rate as signs of life for a potential refi recovery.
New data on prices of materials and labor needed for homebuilding suggests supply constraints have eased, and homebuilders have a relatively clear path to keep cranking out units.
For the second consecutive month, homebuilders have become more optimistic. The NAHB homebuilder sentiment index rose 7 points to a reading of 44 in January.
Reverse purchase financing allows those aged 62 and older to purchase a new house or certain condos by combining a one-time investment of their funds (such as profits from the sale of their current home) with reverse mortgage loan proceeds to complete the purchase.
David Stevens, a legend of the mortgage banking industry who helmed the Federal Housing Agency and the Mortgage Bankers Association in a career that spanned four decades, has died.
The FHFA based its analysis on the Uniform Appraisal Dataset (UAD), collected by Fannie Mae and Freddie Mac.