The S&P Cotality Case-Shiller Home Price Index rose just 0.7% year-over-year in February, down from 0.8% in January. For the ninth consecutive month, inflation outpaced home price appreciation. Consumer prices rose 2.4% — leaving any housing gain deep in negative territory in real terms. Chicago led all Case-Shiller metros at 5.0% annual growth, followed by […]
Case-Shiller: Home price growth remained slow in February Read More »
Mortgage rates moved moderately higher today for the average lender, but not for any exciting reasons. Rather, the change has more to do with timing of the underlying market movement. While it’s true that mortgage rates are directly influenced by the bond market, mortgage lenders prefer to set rates once per day. From there, they
Mortgage Rates Rise to 2-Week Highs Read More »
CrossCountry Mortgage has increased its bid for Two Harbors Investment by 50 cents per share for the common stock. This is in response to an unsolicited proposal on April 20 from original merger partner UWM Holdings, a press release said. Processing Content The new price will be $11.30 per share in the all-cash transaction. The
CrossCountry ups Two Harbors bid after new UWM proposal Read More »
Impac Mortgage Holdings’ bankruptcy seemed decades in the making. Processing Content The company filed for Chapter 11 bankruptcy protection Sunday, after years of struggles exacerbated by rising interest rates earlier this decade. In a series of federal court filings this week, the former lender and servicer described its debts, and the numerous factors that led
Impac describes its debt, downfall in bankruptcy filing Read More »
Key takeaway: The FOMC meets April 28-29 against a backdrop of elevated geopolitical uncertainty stemming from the Iran war, which has contributed to higher energy prices and renewed inflation concerns. The meeting also comes during a leadership transition at the Federal Reserve, with a new chair expected to take over in the coming months. Expert
Interest rates are the most certain thing about FOMC meeting Read More »
Jonathan Corr, who once headed up the nation’s largest origination system provider, Ellie Mae, has joined the board of directors of recently privatized competitor MeridianLink. Processing Content He is one of six new board members at MeridianLink, which was acquired by Centerbridge Partners and Silversmith Capital Partners in a deal which closed in October for
Ex-Ellie Mae CEO joins MeridianLink board after privatization Read More »
Recent technology investments have Newrez expecting significant expense reductions beginning this year, while prospects of mergers or a mortgage spinoff from parent Rithm Capital wane, according to company executives. Processing Content In their first-quarter earnings call, leaders at Newrez said savings benefits on the originations side should appear in the second half of 2026 after
Newrez projects 15% cost cut via AI investments Read More »
Although mortgage rates dipped below 6% in February for the first time since 2022, home-price growth continued to slow, two new industry reports found. Processing Content More than half of the major metropolitan markets in the United States posted year-over-year price declines in February, while prices rose 0.7% nationally, according to the S&P Cotality Case-Shiller
Inflation outpaces home-price growth for 9th straight month Read More »
Artificial intelligence is poised to reshape mortgage lending operations and consumer engagement while also raising concerns about workforce disruption across the industry, two mortgage executives said during a panel discussion at HousingWire‘s The Gathering in Austin. Speaking at the event on Tuesday morning, Patty Arvielo, CEO and co-founder of New American Funding (NAF), and LaTasha
The Gathering: AI opportunities and risks for mortgage lenders Read More »
For years, CRM platforms have been positioned as the backbone of productivity for loan originators, agents and sales teams. However, in practice, many have failed to evolve beyond static databases, becoming repositories of stale contacts rather than true systems of execution. As teams scale and pipelines grow, the gaps in maintaining meaningful relationships and operating