The Reserve Bank of Australia has raised interest rates for the third time in a row on Tuesday.Read more: https://www.cnbc.com/2022/07/06/australia-economy-recession-risks-housing-downturn-after-third-rate-hike.htmlRead more
Sales contracts for Manhattan apartments plunged by nearly a third in June as the city's scorching real-estate market started to cool amid recession fears.Read more: https://www.cnbc.com/2022/07/06/manhattan-apartment-sales-fall-30percent-in-june-prices-remain-high.htmlRead more
Real estate valuation technology company Clear Capital rolled out two application programming interfaces (APIs) that aim to make adopting and deploying modern valuation solutions easier, ultimately closing loans faster.
Property valuation API and risk assessment API, released late last month, connect directly into existing systems through a single integration for lenders...Read more
Less than a month after Wyndham Capital Mortgage said it planned to pink slip more than 40 employees, the consumer direct lender conducted another round of layoffs.
Wyndham notified “a number of employees” about the layoffs Thursday, including those working in the Charlotte, North Carolina headquarters, and employees who work remotely...Read more
There have been multiple reports lately of layoffs within the mortgage industry, but some companies, like American Pacific Mortgage, continue to grow during this difficult time. HousingWire recently spoke with American Pacific Mortgage President Ned Payant about how to build a culture that attracts and retains mortgage talent.
HousingWire: How do...Read more
Seattle-based real estate investment platform Arrived Homes is flush with cash after recently raising $25 million in a venture-capital funding round, and is working to expand its reach in the still-hot single-family rental market.
Arrived Homes is currently on a pace of acquiring about 30 single-family rental properties per month, with an existing portfolio...Read more
Home price appreciation, which skyrocketed during the pandemic, is showing signs of slowing, according to a monthly report published by CoreLogic Tuesday.
In May, home prices increased by 20.2% year-over-year, the report said. But come next May, the data vendor predicts home price appreciation will dip to 5%.
The recent...Read more
Specialty finance company Redwood Trust Inc. has completed its acquisition of bridge lender Riverbend Funding LLC, which has a funded portfolio of more than $1.5 billion single-family and multifamily loans nationwide.
The acquisition of Portland, Oregon-based Riverbend and its subsidiaries, announced originally in late April, is expected to fit in well with Redwood’s...Read more
The HousingWire Vanguard award program recognizes c-level industry professionals who have become leaders in their respective fields within housing and mortgage finance. These are the true leaders of their businesses who contribute to the growth of the housing economy and its various sectors, including lending, servicing, investments and real estate...Read more
A report finds million-dollar homes are most likely to be in metropolitan areas on the coasts. Here's what to know when selling a high-value property.Read more: https://www.cnbc.com/2022/07/05/metropolitan-areas-with-the-most-million-dollar-homes.htmlRead more
Three former employees are suing First Guaranty Mortgage Corporation (FGMC) and financial backer Pacific Investment Management Company (PIMCO), alleging they were discriminated against on the basis of their gender and then retaliated against for complaining.
Lynley VanSingel, Melanie Meyer, and Jessie Palmer filed the lawsuit against FGMC and PIMCO in the Eastern...Read more
The mortgage-servicing rights (MSR) market continued to defy gravity and remained upward bound as June came to a close.
On the last day of the month, the New York-based Mortgage Industry Advisory Corp. (or MIAC Analytics) released bid documents for an MSR offering it is brokering that exceeds $5 billion in value.
“MIAC Analytics...Read more
The Federal Housing Finance Agency (FHFA) will review the enterprise regulatory capital framework in the “near term,” officials said — after getting an earful from industry players since unveiling a new securities fee.
For now, however, the new 50 basis point fee charged on securities backed by one enterprise and later secured by the...Read more