Will home sales finally start to grow? Data shows glimmers ahead
https://www.youtube.com/watch?v=xc--u3tmRRw
We may be nearing the bottom in home sales even if mortgage rates don’t decline. As a result, there may be a light...
loanDepot’s new FHA down payment assistance program lets borrowers put zero down
loanDepot has rolled out a new down payment assistance program for Federal Housing Administration (FHA) loan borrowers that enables them to put zero money down...
FHFA failed to document desktop appraisal reviews, OIG says
The Federal Housing Finance Agency (FHFA) failed to adequately document desktop appraisal reports, which clouds data on the effectiveness of the desktop appraisal...
Cenlar appoints David Schneider as president
Cenlar FSB, the second-largest mortgage servicer and largest subservicer in the United States, promoted David Schneider to president of the company on Monday. Prior to his...
Five ways to win more borrowers
The mortgage industry continues to evolve, especially as the market shifts. In addition to limited inventory, rising rates and affordability constraints, mortgage companies...
Nosalek plaintiffs can join commission lawsuit settlements
A U.S. District Court judge in Boston has endorsed a motion to stay the Nosalek buyer broker commission case, allowing the plaintiffs to...
Servicing earnings prop up Pennymac’s Q3 performance
The servicing segment drove most of Pennymac Financial Services’s earnings in the third quarter of 2023, just like its peers, Mr. Cooper and Rithm Capital.
Profits at the...
White House, federal agencies urge more commercial-to-residential property conversions
The White House and the U.S. Department of Housing and Urban Development (HUD) announced today the launch of a new inter-agency initiative to...
With increased offer, Rithm now expected to close on Sculptor
New York-based Rithm Capital, the parent company of Newrez, has received the blessing of Sculptor’s founder Daniel S. Och and his group to acquire the asset management firm...
Homebuyers have many options; let’s make sure they’re aware of them
To many, homebuying is a daunting, often confusing process. Admittedly, the myriad of documents requiring signatures can be overwhelming, especially for first-time homebuyers.
Thankfully,...
