Author: Michael Gersitz

The U.S. forbearance rate measuring the share of mortgages with suspended payments fell seven basis points to 5.83% last week, according to the Mortgage Bankers Association. “With more borrowers exiting forbearance in the prior week, the share of loans in forbearance declined across

Despite what many believe, Gen Z and Millennials do want to become homeowners and they’re excited by the prospect. However, they face different obstacles than their parents and grandparents did. These challenges include lack of mortgage education, lack of suitable

Cannae Holdings and Senator Investment Group announced they are dropping their takeover bid after CoreLogic confirmed last week it is exploring multiple offers to sell at or above $80 per share. However, the increased offers did not deter the investors

The COVID-19 pandemic redefined “home” for many Americans and underscored the bedrock necessity of affordable housing for seniors, families and essential workers. As the pandemic shifts from crisis to chronic, investors, community leaders and housing advocates say they intend to

New rate lock data suggests 2020 will end with over $4 trillion in mortgage origination volume, easily a record. The data, from Black Knight’s “Mortgage Monitor” report, shows that rate lock activity in the first half of October was up

With Halloween in the rearview mirror, we still have one more spook to survive in 2020 – and no, I’m not talking about the upcoming election.  I’m talking about housing market crash headlines. The housing data has been wild this

Mattamy Homes, one of North America’s largest homebuilders, has reached an agreement to acquire the homebuilding operations of Dallas-based New Synergy Homes. The acquisition is expected to close on Monday. No financial terms have been disclosed. With this transaction, Mattamy

Fannie Mae and Freddie Mac released their Q3 earnings last week, reflecting a combined $6.7 billion in net income, up significantly from the previous quarter. This strong performance was not unexpected, but makes the upcoming 50 basis point adverse market

In this week’s round-up of hiring announcements, PropertySync, a cloud-based SaaS title plant platform, announced its first CEO, naming David Floyd to the position. Floyd, who will assume the position in November 2020, brings more than 20 years of experience

The National Fair Housing Alliance and nine other housing organizations filed a lawsuit against Redfin on Wednesday, accusing the online brokerage of racial discrimination and favoritism toward predominately white neighborhoods. “Redfin redlines communities of color in this digital age by

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