Three mortgage giants are in limbo yet again as Two Harbors adjourned another shareholder meeting Thursday. Processing Content Two Harbors in a press release said it wants to provide additional time to solicit additional proxies in favor of an acquisition bid by CrossCountry Mortgage. The company adjourned a shareholder meeting last week as competing interest […]
Two Harbors postpones vote as CrossCountry touts final offer Read More »
You may be telling yourself you’re going to wait to move – maybe you’re hoping mortgage rates will come down, prices will fall, or the market will feel a little easier. And honestly? A lot of people feel that way right now. But here’s what some are starting to realize. Waiting doesn’t usually fix the
The Real Reason Some People Are Still Moving Right Now Read More »
Bank of America said Thursday that it will continue its Community Homeownership Commitment program after surpassing its original goal of delivering $15 billion in affordable home loans and grants. The program, launched in 2019, has provided more than $15 billion in affordable home loans. This total includes more than $600 million in down payment and
Bank of America extends Community Homeownership Commitment program Read More »
A coalition of fair housing and economic advocacy groups sued the Consumer Financial Protection Bureau (CFPB) and acting director Russell Vought on Wednesday, seeking to block a Trump administration-backed rule they say would weaken longstanding protections against lending discrimination. The lawsuit, filed in federal court in Washington, D.C., challenges changes made last month by the
Fair housing groups sue CFPB, Vought over ECOA fair lending rule Read More »
Homebuyer affordability declined in April as the national median payment applied for by purchase mortgage applicants rose to $2,152, up from $2,131 in March, according to the Mortgage Bankers Association (MBA)’s Purchase Applications Payment Index (PAPI) released Thursday. The national PAPI rose 0.3% to a reading of 156.0 in April, up from 155.5 in March,
Homebuyer affordability slips in April as median mortgage payment rises to $2,152 Read More »
As part of HousingWire’s Editor’s Choice awards spotlight series, we’re spotlighting past Women of Influence honorees whose careers, leadership and insights continue to influence the industry. This series offers a closer look at the experiences and decisions that have shaped their paths. HousingWire spoke with Felicia Grumet, Chief Financial Officer at Newrez, about leadership, navigating change and the
Felicia Grumet on why the best career moves often feel uncomfortable Read More »
Wells Fargo has reached an agreement with construction technology company ICON to serve as the preferred lender for its new 3D-printed residential properties. As part of the partnership, the bank will offer a 50 basis-point interest rate incentive to borrowers. “The housing market is looking for new ways to increase supply and improve affordability, and this technology is
Wells Fargo to offer 50-bps incentive for ICON 3D-printed homes Read More »
MasterBrand Inc. has completed its all-stock merger with American Woodmark Corp., combining two of the largest residential cabinet manufacturers in North America at a time when builders are closely watching material costs and product availability. The transaction, first announced earlier this year, creates what MasterBrand calls the most comprehensive portfolio of cabinetry brands and products
MasterBrand completes all-stock merger with American Woodmark Read More »
Two Harbors Investment Corp. has once again adjourned its special meeting of stockholders, giving the MSR-focused real estate investment trust more time to solicit votes for its proposed all-cash sale to an affiliate of CrossCountry Mortgage (CCM). Two Harbors and CCM entered into a definitive merger agreement on March 27. Negotiations with CCM produced two
The wait continues: Two Harbors stalls on CCM merger approval Read More »
LadderUp Housing announced on Thursday that it received an investment from the Richard King Mellon Foundation to expand its rent-to-homeownership model into Allegheny and Westmoreland counties in Pennsylvania. The company said the funding will support the acquisition and renovation of homes aimed at helping low- to moderate-income families transition from renting to owning through financial
LadderUp expands rent-to-homeownership model Read More »