Mortgage bankers and brokers have been engaging in cautious hiring and they might want to remain careful about it given the complications the latest job numbers add to the rate outlook. At 266,700, nondepositories in the industry added an estimated 1,300 positions during the May homebuying season when compared to revised April numbers as total […]
Mortgage jobs, others inch up, as rate cut tensions grow Read More »
Kevin Wall, who abruptly departed First American as co-president of its title underwriter one week ago, has a new job: CEO of Title Resources Group. Current CEO J. Scott McCall is becoming the privately held company’s vice chairman. The changes become effective July 28. Kevin Wall is the new CEO of Title Resources Group. Last
Former First American Title co-president joins TRG as CEO Read More »
A worker operates a forklift at a fulfillment center in Elizabeth, New Jersey.Eilon Paz/Bloomberg Shorter-term Treasuries, which are most sensitive to expectations for Fed policy, led the slump. Two-year yields rose almost 10 basis points, while 10-year rates jumped 6 basis points to 4.34%. The dollar advanced versus its major counterparts. “The Fed will take
Bond traders scrap bets on July rate cut after strong jobs data Read More »
If you’ve seen headlines saying home sales are down compared to last year, you might be thinking – is it even a good time to sell? Here’s the thing. Sure, the pace of the market has cooled compared to the frenzy we saw just a few years ago, but that’s not a red flag. It’s
Think No One’s Buying Homes Right Now? Think Again. Read More »
A side effect of the rising costs of homeowners’ insurance is that mortgage borrowers elect to reduce coverage or take a higher deductible in order to reduce premiums. In either case, such actions could leave them underinsured and/or unable to finance repairs. This increases borrower default risk for mortgage servicers, and affects the value of
Gen Z and other homeowners to delay repairs due to economy Read More »
Left to right: Elizabeth Blosser, Emily Tryon, Kevin Cameron The American Land Title Association recently elevated three executives to advance the trade group’s advocacy efforts in state and federal government. The association promoted Elizabeth Blosser to chief strategy, communications and innovation officer, a role which will have her lead initiatives that will help shape the
UWM, US Bank, Cenlar, Blend announce leadership moves Read More »
Terry Cohen — a leading New York real estate broker in the Hamptons with more than $2.5 billion in career sales — has joined Compass after leaving her role as a partner at Hedgerow Exclusive Properties. Cohen, who closed $150 million in home sales in the past year alone, is known for representing a broad
Top Hamptons broker Terry Cohen joins Compass Read More »
Denver-based real estate brokerage West + Main Homes has launched a new home improvement service in partnership with contractor Curbio. The program, called Refresh by West, offers West + Main agents and their clients access to expedited, fixed-price proposals for presale or move-in home improvements. Curbio — a Maryland-based contractor that specializes in residential projects
Denver brokerage, Curbio form home services partnership Read More »
Angie Lawson has joined Jacksonville-based Berkshire Hathaway HomeServices Florida Network Realty as a broker associate, the company announced. Lawson will work with home buyers and sellers across the region — offering full-service representation backed by the firm’s in-house mortgage, title and marketing support. “I am thrilled to be joining Berkshire Hathaway HomeServices Florida Network Realty,
Berkshire Hathaway HomeServices adds broker associate in Florida Read More »
The high mortgage rates that have stymied the broader housing market continue to put a lid on reverse mortgage activity too. According to the June report from Reverse Mortgage Insight, Home Equity Conversion Mortgage (HECM) endorsements dropped to 2,244 loans, down 2.3% compared to May and part of a sinking trend that resumed after an
Reverse mortgage metrics dipped slightly in June Read More »