Author: Michael Gersitz

Home Point Capital, the parent company of wholesale lender Homepoint, continues to turn profits based on the selling of operations and assets as management adjusts the company to the shrinking mortgage market. The wholesaler reported on Thursday morning it notched a

An ebullient market for mortgage-servicing rights (MSRs) helped to buoy the profitability of at least three major nonbank lenders that are publicly traded and abated losses for a fourth, based on their recently announced first-quarter financial results. Those lenders are UWM Holdings Corp., the

Soaring home prices continue to serve existing homeowners, with nearly 45% of all property owners now considered equity rich, a year-over-year jump that boosted 13% more homeowners into the prime position. A homeowner is considered equity rich when they have

The U.S. Senate confirmed Julia Gordon on Wednesday evening to serve as commissioner of the Federal Housing Administration (FHA). The position is part of the Department of Housing and Urban Development. Gordon, who most recently stepped down from her role

Purchase mortgage rates this week averaged 5.30%, up three basis points from a week ago, causing homeowners’ monthly payments to increase by about one-third year-over-year, according to the latest Freddie Mac PMMS. Borrowers continue displaying resilience, but higher rates expected in coming months