Purchase mortgage rates this week dropped 11 basis points to 5.70%, according to the latest Freddie Mac PMMS Index, ending a two-week climb following the Federal Reserve’s rate hike earlier... Read more
Stake, a financial tech company that provides cash back and banking services to renters, raised $12 million in Series A funding to build out its platform and suite of solutions for renters a... Read more
Redwood Trust’s CoreVest division has closed a $313 million private-label offering backed by 82 loans that are in turn collateralized by some 1,800 properties located in 24 states and the Di... Read more
Millennials and Gen Zs make up the largest cohort of potential homebuyers today, the majority of which are first-time buyers bullish to get a foot on the property ladder. As market volume di... Read more
A drop in mortgage rates led refinancing applications to increase slightly last week, back to a 30% share of the total, according to the latest Mortgage Bankers Association (MBA) survey for... Read more
The Prestwick Mortgage Group, an Alexandria, Virginia-based advisory and brokerage firm, has unveiled an offering for a $1.6 billion package of Fannie Mae, Freddie Mac and Ginnie Mae mortgag... Read more
There’s no question that a digital-first way of doing business is becoming the norm and the demand for digital in the mortgage industry is only growing. HousingWire recently spoke with Arman... Read more
Tech-fueled mortgage lender UpEquity just wants answers. Roughly a year ago, the Austin-based fintech began to sell its loans to First Guaranty Mortgage Corporation (FGMC), a lender and in... Read more
The Mortgage Bankers Association and the Housing Policy Council sent a letter to the Department of Veterans Affairs urging the department to delay the expiration of its COVID-19 assistance p... Read more
The national mortgage delinquency dropped to an all-time low in May, continuing two consecutive months of a decline since March. The overall delinquency rate slightly dropped five basis poi... Read more