UWM Holdings intensified its attack on Two Harbors’ management after the markets closed on Friday, following a full day of trading after the real estate investment trust ditched them for a $10.80 per share all-cash deal from CrossCountry. Processing Content The unsolicited bid from CrossCountry was made after UWM failed to secure the votes from […]
UWM doubles down on criticism of Two Harbor’s management Read More »
LoanDepot is behind a new mortgage business from West Texas-based Betenbough Cos., helping launch the affiliate as part of an expanded strategy to expand upon homebuilder partnerships. Processing Content Olive Branch Home Loans will serve customers of Betenbough, a top 50 builder based in Lubbock. Betenbough sells its homes through eight sales centers located throughout
LoanDepot partners with Texas builder for new lender launch Read More »
Government mortgage-backed securities guarantor Ginnie Mae is providing some deadline relief to issuers who may be rushing to file annual audited financial statements this week. Processing Content Ginnie has announced that it’s removing the 15-day advance notice requirements for extension requests on the statements, which are due March 31 for most issuers. The financial statements
Ginnie Mae gives issuers a break, adds new prepayment data Read More »
The Conference of State Bank Supervisors celebrated an appellate court’s decision not to grant a request by Flagstar Bank for the full panel in an interest-on-escrow case. Processing Content The organization used the ruling to call on the Office of the Comptroller of the Currency to end its efforts to create a national preemption. This
States score win as Flagstar denied escrow rehearing Read More »
Key Insight: Federal Reserve Chair Jerome Powell said there is uncertainty about how the Iran war will affect the economy, but that the central bank’s monetary policy is well positioned to “wait and see” how conditions unfold. Expert Quote: “You have to carefully monitor inflation expectations, because a series of these supply shocks can lead
Powell says Fed cautious as Iran war drives inflation risks Read More »
Bullish gap openings have sent yields back into Thursday’s ranges, the 5-year even back into the gap it left Thursday morning. Treasuries closed mixed on Friday as the yield curve, which has been in a flattening cycle all year, steepened a bit just as it’s doing this morning. Processing Content The flattening trade accelerated the
Treasury curve steepens after weeks of flattening Read More »
Some of Wall Street’s biggest bond-fund managers say financial markets are underestimating the risk that the US war in Iran will cause a sharp slowdown in an already sputtering economy. Processing Content As oil pushes over $116 a barrel and the conflict shows little signs of ending, traders have largely focused on the inflation shock.
JPMorgan, Pimco say bond market is misjudging slowdown risk Read More »
There’s a lot of noise out there right now about investors in the housing market. Some headlines make it sound like big Wall Street firms are buying up everything in sight. And if you’re trying to purchase a home yourself, that can make it feel like the odds are stacked against you. But when you
This’ll Change What You Think About Investors in Today’s Housing Market Read More »
Realtor.com is joining Redfin and Zillow in launching its own app integration with OpenAI’s ChatGPT. The company announced the launch of the app on Tuesday. According to Realtor.com, the app is a step forward in its strategy to infuse AI technology in the homebuying and renting experience for consumers. “We built the Realtor.com app in
Realtor.com launches ChatGPT app for home search planning Read More »
Shain Urwin sees a more balanced relationship emerging between reverse mortgage lenders and brokers under new industry agreements — but he says they’re not enough to solve a deeper structural problem. In recent years, lenders like Mutual of Omaha Mortgage and Longbridge Financial have launched programs designed to protect the loan pipelines of broker partners,
C2 Financial’s Urwin on reverse mortgage broker-lender evolution Read More »