UWM Holdings Corp., the parent of United Wholesale Mortgage, has adopted a strategy that differs from its peers to take advantage of a business landscape that is expected to include lower mortgage rates and more refinance activity. The Pontiac, Michigan-based company has opportunistically sold mortgage servicing rights (MSRs) with higher…
Continue reading →A policy designed for lenders to review and respond to borrower-initiated reconsideration of value (ROV) requests for appraisals — originally scheduled to be implemented between Aug. 29 and Sept. 2 — has been pushed back to Oct. 31, 2024. That’s according to announcements from Fannie Mae, Freddie Mac and a…
Continue reading →Home prices continue to rise even as low inventory and high mortgage rates are keeping first-time and repeat homebuyers out of the market, but the pace of appreciation is starting to cool. That’s according to CoreLogic’s Home Price Index report, released Tuesday, which shows that annualized home-price growth in June…
Continue reading →Mortgage rates are dropping fast. Will potential homebuyers jump at newly cheaper payments? Or, will they wait to see if rates drop further before taking action? Mortgage rates are now the lowest they’ve been in over a year. Last year at this time, mortgage rates were rising, eventually peaking at…
Continue reading →Compass CEO Robert Reffkin promised on the company’s most recent earnings call to expand market share in its top 30 markets — and the brokerage made a big move in that direction. Faisal Halum Group, a small team in Dallas, has joined Compass and adds a high-performing team to a…
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