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Author name: Ricky Vasquez

Legacy Group Capital secures $180M from LibreMax Capital

Capital Funding, HWmember, Investors, Mortgage, Partnerships, Secondary market /

Legacy Group Capital on Thursday announced its first institutional capital partnership with LibreMax Capital LLC, an $11.8 billion asset management firm that specializes in securitized products and asset-backed finance. The deal involves an 18-month revolving period during which principal payoffs can be reinvested to originate new loans, creating a projected $400 million in additional funding […]

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Home prices expected to dip as supply and demand collide

Affordability, Existing home sales, Home Prices, Home Sales, Housing Inventory, Housing Market, HWmember, Redfin /

U.S. home prices are projected to flatten in the third quarter and decline 1% year over year by the fourth quarter of 2025, according to a new report from Redfin. The company also expects mortgage rates to remain elevated near 7% through the end of the year. This marks a sharp reversal from more than

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Denee Evans will step down as CMLS CEO

HWmember, MLS, People Movers, Real Estate, Team Leaders /

The MLS industry’s trade group, the Council of Multiple Listing Services (CMLS) is looking for a new CEO. On Thursday, the trade group announced that longtime CEO Denee Evans is stepping down at the end of this year. Evans is staying in her role through December 2025 “to ensure a seamless and collaborative transition,” according

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Mortgage Rates Edge Down From Recent Highs, But Remain Over 7%

Uncategorized /

Mortgage rates hit their highest level in just over 3 months yesterday with financial markets generally protesting the absence of more serious spending cuts in the spending bill.  Rates care about fiscal spending because higher spending requires higher Treasury issuance which, in turn, pushes rates higher, all else equal. Although the House passed the bill

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Home sales cancelled at near-record pace in April

Economy, Housing markets, Marketing, Mortgage Rates /

Home sales transactions were cancelled at a near-record rate in April, another likely side effect of uncertainty enhanced by President Trump’s tariff announcement earlier in the month, Redfin said. Approximately 56,000 signed purchase agreements were withdrawn during the month, which equates to a 14.3% rate. This is up from 13.5% one year ago and is

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Trump mulling exit nudges GSE stocks higher, MBS wider

Capital markets, Politics and policy, Secondary markets /

President Trump’s stated interest in exploring a public offering of Fannie Mae and Freddie Mac’s shares had led to some shifts in how their stock and mortgage-backed securities traded at deadline on Thursday, but not to the degree a commitment to a conservatorship exit would have. Barclays reported that shares of the larger of the

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What’s in the ‘big, beautiful’ Trump tax bill for lenders?

Politics and policy /

Real estate trade groups are applauding the progression of President Trump’s “big, beautiful bill” that could deliver, and sustain, numerous tax benefits for real estate players. The U.S. House of Representatives early Thursday morning narrowly passed the Republican-led bill, which now faces a likely arduous journey in the Senate. While lawmakers fretted over spending cuts

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Mortgage rates keep rising, influenced by DC developments

Economy, Housing markets, MARKETING TO BORROWERS, Mortgage Rates, Originations /

The 30-year fixed rate mortgage moved 5 basis points higher from last week, but still remains under 7%, at least according to Freddie Mac. “Mortgage rates inched up this week but continue to remain lower than one year ago,” said Sam Khater, Freddie Mac’s chief economist, in a press release. “With more inventory for buyers

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Waller: Fed not looking to buy bonds amid sell-off

Waller: Fed not looking to buy bonds amid sell-off

Economy, Interest rates, Politics and policy, Treasury bonds /

Federal Reserve Gov. Christopher Waller.Bloomberg News Federal Reserve Gov. Christopher Waller said the central bank is not looking to intervene in the Treasury market despite a recent dampening in demand for U.S. debt. Long-term bond yields are surging for the second time in as many months, with rates on the 10-year notes climbing two basis

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Bank lending to nondepository mortgage firms rising: Fitch

Capital markets, Originations, Risk management /

Fitch Ratings is starting to look more closely at depository lending involving nonbank financial institutions, including mortgage firms, as unfunded commitments to NBFIs take on a larger role in portfolios. Unfunded commitments to mortgage credit intermediaries by a group of banks Fitch studied totaled over $255.44 billion as of March 31, up from $202.28 billion

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