Last week was decidedly stronger for mortgage rates as they either held steady or moved lower on 5 out of 5 days. All told, it was a 0.14% drop from the previous week in terms of the average top-tier 30yr fixed rate. The new week is starting out in opposite fashion with rates moving up […]
Mortgage Rates Rising to Start New Week Read More »
Dream Finders Homes is taking a more aggressive stance to acquire a fellow residential builder with a new proposed all-cash offer, publicizing its attempts after being rebuffed earlier this year. Processing Content The Jacksonville, Florida-based company made the latest move for Beazer Homes on May 5, with an offer of $25.75 per outstanding share, a
Dream Finders goes hostile in Beazer takeover bid Read More »
Key takeaway: Working-class families are likely to feel the greatest strain from the inflationary pressures spurred by higher energy prices and President Donald Trump’s tariff policies. Expert quote: “Uncertainty raises the option value of waiting, and waiting means not spending now. The uncertainty in the Middle East probably is going to delay major purchases, especially
Rising energy costs may squeeze families, but not the economy Read More »
April home prices recorded the strongest monthly gain in nearly two years, as 90% of markets in the United States saw home value recover compared to the previous month, an industry report found. Processing Content Prices rose 0.32% last month on a seasonally-adjusted basis, equal to a 3.9% annualized rate, according to ICE Mortgage Technology’s
90% of U.S. markets see uptick in home value Read More »
Rithm Capital has announced a 144A senior note deal that could help NewRez’s corporate parent manage its balance sheet. Processing Content Rithm, which owns a large-scale servicing and lending operation via NewRez, has announced a $500 million note offering for qualified institutional buyers that may be used to repay secured debt. The unsecured debt offering
NewRez parent Rithm Capital preps note offering Read More »
Sales of previously owned US homes barely rose in April from a nine-month low, underscoring a sluggish housing market at the start of the spring-selling season. Processing Content Contract closings edged up 0.2% to a 4.02 million annualized rate, according to National Association of Realtors data out Monday. That was slightly slower than the median
US home resales barely rise as key selling season begins Read More »
After CrossCountry Mortgage matched its $12 per share cash offer for Two Harbors Investment, UWM Holdings raised its bid by 50 cents, saying it provides “clearly superior value.” Processing Content The latest bid was disclosed Monday morning before the markets opened. However, for those looking to take the stock option, this has remained unchanged at
UWM raises Two Harbors offer again, this time by 50 cents Read More »
Blackstone Inc., one of the largest institutional owners of single-family homes in the US, is launching a new lending platform for homebuilders. Processing Content The venture, supported by Blackstone affiliate Brio Homebuilder Solutions, aims to help build more than 50,000 homes annually so they can be sold to the public, the investment giant said in
Blackstone to offer loans to help build 50,000 US homes a year Read More »
Selling your house this season? You’ve probably heard you should stage it before it hits the market. But what does that really mean – and is it worth the effort? The short answer is “yes,” especially right now. With more houses for sale this year, you’re likely wondering how to make the most money possible
Why Staging Your House Could Pay Off This Spring Read More »
The secondary market agencies have put out a clarification to the UAD 3.6 adoption timeline, which ends any confusion about when the standard goes into effect. Processing Content Mandatory use for UAD 3.6 remains starting Nov. 2. But a wording change makes it clear it applies to new appraisals being put into the Uniform Data
GSEs clarify new appraisal format adoption timeline Read More »