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Author name: Ricky Vasquez

Rising energy costs may squeeze families, but not the economy

Federal Reserve, Monetary policy, Politics and policy, Trump administration /

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 […]

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90% of U.S. markets see uptick in home value

Home Prices, Housing affordability, Housing markets, Mortgage Rates, Originations /

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

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NewRez parent Rithm Capital preps note offering

NewRez parent Rithm Capital preps note offering

Capital markets, Servicing /

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

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US home resales barely rise as key selling season begins

Housing Inventory, Originations /

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

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UWM raises Two Harbors offer again, this time by 50 cents

M&A, Servicing, UWM /

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

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Blackstone to offer loans to help build 50,000 US homes a year

Housing Inventory, Originations /

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

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FTC warns Mortgage Connect over noncompete agreements

FTC, Industry News, Law and legal issues, Regulation and compliance /

The chairman of the Federal Trade Commission sent a warning letter Friday to national mortgage services provider Mortgage Connect over employee contracts. Processing Content Andrew Ferguson, who has served as the agency’s commissioner since April 2024, urged the company to review its employment contracts, including any noncompete agreements or other restrictive covenants, to ensure they

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NMLS address policy change and pain points with changes

Industry News, Politics and policy /

The Nationwide Multistate Licensing System received an update last month to better reflect a policy change and address pain points. Processing Content NMLS, which provides services to 600,000 users across the financial services industry, made changes to disclosure questions and the employment history reporting process on April 18, the Conference of State Bank Supervisors announced

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GSEs clarify new appraisal format adoption timeline

GSEs clarify new appraisal format adoption timeline

Appraisals, Mortgage technology, Secondary markets, Underwriting /

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

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