HousingWireHousingWire California-based loanDepot on Monday announced it has closed a $300 million offering of notes backed by a revolving warehouse line of credit and secured by mortgages. loanDepot said this is the 10th time it has closed a transaction of this kind. It follows other strategies to strengthen its financial…
Continue reading →HousingWireHousingWire Starter homes are more affordable to the average American than they were a year ago, but they have become significantly less affordable over the past decade. That’s the conclusion Redfin reached in a data report released Monday. The national real estate brokerage analyzed household income levels and monthly housing…
Continue reading →HousingWireHousingWire Compass has announced yet another addition to its team in Texas. Adrian Jacobs, a luxury agent who has sold more than $29 million in volume over the past year, has rejoined Compass’s Dallas office from Douglas Elliman. Coming with him is Genna Skolnik, the leader of The Venture Group….
Continue reading →HousingWireHousingWire Mauricio’s Umansky’s The Agency is getting into the mortgage business. The brokerage has entered into a joint venture with Barrett Financial Group to offer what the companies believe will be a wide range of mortgage products and streamlined underwriting to The Agency’s luxury clients. Dubbed Aclara Lending, the joint…
Continue reading →HousingWireHousingWire The rate of home sales is picking up! The number of homes under contract across the country has risen for the last few weeks. Purchase mortgage applications are up for five weeks in a row. It seems like mortgage rates are getting closer to 6% are shaking loose a…
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