Sidebar
Real Estate News
How one mortgage fulfillment service increases efficiencies while minimizing risks
29-10-2020
HousingWire recently spoke with Brian Simon, president of Trelix Mortgage Fulfillment Services, about how Trelix helps its clients work more efficiently while still maintaining compliance and performing due diligence. HousingWire: What sets Trelix apart from other mortgage fulfillment services? Brian Simon: Trelix offers exceptional products and teams of professionals that help...
Read moreRealogy reports $1.9 billion in revenue in Q3
29-10-2020
Realogy Holdings Corp. released its third-quarter earnings report on Thursday, revealing revenue of $1.9 billion, an increase of 20% year over year, or $307 million. In Q2 the company reported a revenue of $1.2 billion for the three months ended June 30. The Madison, New Jersey-based company also reported a net...
Read moreFHFA’s Strategic Plan prepares Fannie and Freddie to leave conservatorship
29-10-2020
The Federal Housing Finance Agency released its strategic plan for fiscal years 2021 – 2024 on Tuesday, which aimed to establish new goals for its sanctioned duties, including a responsible ending to the conservatorship of Fannie Mae and Freddie Mac. Though no timeline has been established, a statement by FHFA director...
Read moreWhat could the spring 2021 housing market have in store?
29-10-2020
Many families were caught financially unprepared with the sudden onset of the pandemic. What seemed foreign and far away became domestic and close to home. The World Health Organization declared a global pandemic on March 11, and President Donald Trump announced a national emergency on March 13. Shelter-in-place directives proliferated...
Read moreEarnings for apartment owners show the pain of urban flight
29-10-2020
Decidedly weak quarterly earnings reports from major apartment REITs this week paint a bleak picture for some of the largest urban rental markets.Read more: https://www.cnbc.com/2020/10/29/earnings-for-apartment-owners-show-the-pain-of-urban-flight-.html
Read morePending home sales fell in September, but annual gain is the important…
29-10-2020
Today the National Association of Realtors reported pending home sales are up 20.5% year over year — and that is the only headline that you should care about. This is one more data point showing that housing data has gone wild to the upside, so we should expect some downward...
Read moreZillow Offers cuts 80 jobs, cites realignment
29-10-2020
Zillow Offers, the iBuying arm of Zillow Group, has cut approximately 80 jobs in a realignment, the company confirmed to HousingWire. The affected employees were informed earlier this month. The cuts included mostly field positions and a few back-end control positions. The field positions included those who evaluated homes, maintained homes...
Read moreFreddie Mac posts net income of $2.5 billion in third quarter
29-10-2020
Freddie Mac net income rose to $2.5 billion in the third quarter of 2020, up from $1.5 billion in the second quarter. Freddie Mac’s bigger sister GSE Fannie Mae earned $4.2 billion in the third quarter. “The company delivered strong earnings on higher revenues, substantially increasing our total equity by...
Read moreThere was a surprise drop in September home sales as buyers were…
29-10-2020
Potential homebuyers may be hitting the limit of what they can afford. Pending home sales fell 2.2% in September compared with August.Read more: https://www.cnbc.com/2020/10/29/surprise-drop-in-september-home-sales-as-buyers-get-priced-out.html
Read moreMortgage rates remain steady, rise to 2.81%
29-10-2020
The average U.S. mortgage rate for a 30-year fixed loan remained steady this week, gaining one basis point to 2.81%, Freddie Mac said in a report on Thursday. The average fixed rate for a 15-year mortgage was 2.32%, falling from last week’s 2.33%. After this week’s dip, there have now been 14 consecutive weeks when...
Read moreWith markets in turmoil, Caliber and AmeriHome delay IPOs
29-10-2020
On the day that the Dow Jones Industrial Average dropped 943 points, Caliber Home Loans made the decision to delay its initial public offering (IPO). And AmeriHome has reportedly done the same. “Caliber will continue to evaluate the timing for the proposed offering as market conditions develop,” the company said...
Read moreFannie Mae nearly doubles net income in Q3
29-10-2020
Fannie Mae reported a net income of $4.2 billion in the third quarter of 2020, up from its net income of $2.5 billion in the second quarter of this year. In the second quarter, Fannie Mae’s earnings fell 26% as fee revenue declined during the slowing pandemic months. However, as the...
Read moreZillow: Pandemic uncertainty is keeping 34% of home sellers out of the…
28-10-2020
Hesitant home sellers could be one reason there is such low housing inventory, according to a report from Zillow. Thirty-four percent of would-be home sellers said they are staying out of the market due to the uncertainty caused by COVID-19. That uncertainty includes financial anxiety, which is keeping 31% of...
Read moreCoreLogic confirms it is entertaining offers to sell at or above $80…
28-10-2020
After months of fending off an unsolicited takeover bid by two of its significant investors, CoreLogic today confirmed that it is looking for a buyer. “In light of recent market speculation, CoreLogic today confirmed it is engaging with third parties indicating preliminary interest based on public information in the potential acquisition...
Read moreHow COVID-19 has impacted NextGen homebuyers: Key findings from a recent study
28-10-2020
Millennials have not had the best luck when it comes to the economy. As the generation that graduated with record amounts of student loan debt and a poor job market, it’s no surprise that they have also been hit the hardest financially by the pandemic. According to a survey by...
Read moreEx-Zillow execs raise $40M in seed round for mysterious digital mortgage startup
28-10-2020
Tomo Networks, a Connecticut-based digital mortgage startup, just picked up $40 million in a seed round as it mobilizes to build a compelling product in an increasingly crowded market. Founded by ex-Zillow executives Carey Armstrong and Greg Schwartz, Tomo says it will offer a platform to streamline home buying for both...
Read moreReal estate fintech CoreLogic receives multiple potential bids at more than $80…
28-10-2020
Property data and analytics firm CoreLogic has received multiple takeover bids at north of $80 a share.Read more: https://www.cnbc.com/2020/10/28/real-estate-fintech-corelogic-receives-multiple-bids-at-more-than-80-a-share-sources-say.html
Read moreNational Weather
Click on map for forecast
advertisement
Other News Sites
