Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported an average net loss of $2,109 on each loan they originated in the fourth quarter of 2023, according to the Mortgage Bankers Association (MBA). The loss is almost double
Astro-Hues: Unveiling the Color Palette for Each Zodiac Sign
Embark on a celestial journey where the vibrant tapestry of the cosmos intertwines with the hues that paint our world. In this Redfin article, we will delve into the mystical connection between zodiac signs and the shades that resonate most
Astro-Hues: Unveiling the Color Palette for Each Zodiac Sign
Embark on a celestial journey where the vibrant tapestry of the cosmos intertwines with the hues that paint our world. In this Redfin article, we will delve into the mystical connection between zodiac signs and the shades that resonate most
Freddie Mac names president Michael Hutchins interim CEO
Freddie Mac on Friday announced that its president Michael Hutchins has been appointed interim CEO, effective March 16, but the company continues its search for a permanent appointment. He will replace Michael DeVito, who is retiring after three years in the job.
6 Popular Huntington Beach Neighborhoods: Where to Live in Huntington Beach in 2024
Huntington Beach, CA, is known for its beautiful beaches, perfect weather, and vibrant surf culture. With its endless outdoor activities, stunning coastline, and renowned surf competitions, Huntington Beach draws residents and visitors to its shores. Whether it’s the iconic Huntington
ICE Mortgage Technology’s Sara Holtz joins Optimal Blue as CMO
Optimal Blue has brought on Sara Holtz, former vice president of demand marketing and communications at ICE Mortgage Technology, as chief marketing officer (CMO). Holtz will drive unified marketing and communications strategies to advance Optimal Blue’s business priorities and further
Freddie Mac names president Michael Hutchins interim CEO
Freddie Mac on Friday announced that its president Michael Hutchins has been appointed interim CEO, effective March 16, but the company continues its search for a permanent appointment. He will replace Michael DeVito, who is retiring after three years in the job.
NAR settles commission lawsuits for $418 million
The National Association of Realtors has agreed to pay $418 million in damages to settle the real estate commission lawsuits. The trade group has also agreed to abolish the “Participation Rule” that required sell-side agents to make an offer of
5 Popular Cape Coral Neighborhoods: Where to Live in Cape Coral in 2024
Nestled in the Sunshine State, Cape Coral, FL, is known for its stunning waterfront views, vibrant arts scene, and endless outdoor recreational opportunities. With its picturesque canals and close proximity to the Gulf of Mexico, Cape Coral draws residents seeking
10 Things to Do in San Bernardino, CA in 2024
Nestled in the heart of the Inland Empire, San Bernardino is a city bursting with cultural diversity and a rich history. From the stunning San Bernardino Mountains to the vibrant downtown area, there’s no shortage of things to do in
Blend narrows loss in 2023, projects confidence in achieving profitability this year
California mortgage tech firm Blend Labs narrowed its loss in 2023 by expanding its consumer banking footprint and growing its mortgage consumer base. The San Francisco-based company reported a non-GAAP net loss of $101.3 million in 2023, down from a
10 Things to Do in Riverside, CA in 2024
Nestled in the heart of the Inland Empire, Riverside, CA is a city bursting with culture and charm. From the historic Mission Inn Hotel to the stunning landscapes of Mount Rubidoux, there’s no shortage of beauty to explore. So, whether
Tight inventory and frustrated buyers challenge agents in Virginia
No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I think people are getting used to the interest rates where they are now,
8 Popular Port St. Lucie Neighborhoods: Where to Live in Port St. Lucie in 2024
With its Atlantic Coast views, beautiful beaches, warm weather, and lush state parks, Port St. Lucie, FL, is one of the many great places to call home in the region. Port St. Lucie, FL, draws residents with a friendly atmosphere,
9 Popular Tallahassee Neighborhoods: Where to Live in Tallahassee in 2024
As the capital of Florida, Tallahassee has a rich history, a vibrant arts scene, and beautiful natural surroundings, attracting residents from all over. This Florida Panhandle city offers countless green parks, historic sites, architecture, and universities like Florida State University
Rising home insurance costs are adding pressure for buyers: Insurify
The dream of homeownership is becoming increasingly elusive for many Americans as both home prices and insurance premiums are on the rise. Over the past decade, home prices have nearly doubled, according to the S&P CoreLogic Case-Shiller national index. Homeowners
Influx of sellers arrives just in time for spring season
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Homes listed for sale in early June sell for $7,700 more
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Home buyers need to earn $47,000 more than in 2020
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Gap between Black and white renting families who could afford a mortgage narrowed significantly during the pandemic
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Home shopping early may pay off as price cuts abound
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Top 10 states to which Gen Zers are moving (and the states they are leaving)
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Embrace Home Loans names new president
Independent mortgage lender Embrace Home Loans has promoted Ryan “Buddy” Hardiman to the position of president, the company announced on Wednesday. Before the promotion, Hardiman served as the company’s senior vice president of retail and direct sales for more than
Housing coalition publishes recommendations for GSEs’ ‘Duty to Serve’ plans
The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy, published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. Described