Author: Michael Gersitz

Just one quarter away from its expected public debut, United Wholesale Mortgage reported record loan volume in the third quarter. The Detroit-based company, the largest wholesale lender in the U.S., originated $54.2 billion in closed loans during the third quarter,

In June 2007, Apple shook the world to its cellular core when it released the first-generation iPhone. Over the course of the last decade-plus, the seminal smartphone would wipe out its competitors — but not without some resistance. Many of

End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze. The lender and servicer, owned by the Blackstone Group’s Tactical Opportunities business, is slated to go public in

In the largest increase since 2013, luxury home sales rose 41.5% in the third quarter, according to a new report from Redfin. While sales in this segment of the housing market have skyrocketed, the sales of medium-priced homes went up

JPMorgan Chase doesn’t see mortgage defaults worsening in the second half of 2020.  In its earnings presentation on Tuesday, the nation’s largest bank by assets said it had actually pared back its $15 billion in loan-loss reserves by $569 million

On Monday Offerpad announced its partnership with global and domestic relocation solutions and mobility program management organization Aires, providing “multiple real estate solutions to consumers relocating for business.” “The Aires and Offerpad partnership has a committed focus to provide innovative

As the election creeps ever closer, there are plenty of forecasts about how it could impact housing. HousingWire has reported on both the fate of the GSEs and the nation’s economic outlook as a red vs blue battle stirs in

The COVID-19 pandemic helped accelerate the mortgage industry’s digital transformation by years, and proptech firms such as Snapdocs have capitalized on the opportunity. The company just raised $60 million in a Series C funding as the digital mortgage space bursts

Some sectors of the housing industry have begun adjusting to the new normal brought on by COVID-19; however, servicers continue to face a number of lingering challenges related to the CARES Act and increasing forbearance numbers. Under the CARES Act,

The health and economic crisis has made 2020 a horrific year for many Americans. Added to all that misery we had terrible fires in the West and hurricanes in the East.  From my perspective, that ball in Times Square can’t