General World News

Is the market pivoting ahead of the Fed?

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The entire economic landscape, including mortgage rates, has changed this week, starting with the Fed’s talking points on Wednesday. The honey badger labor market is still going strong as we got another solid jobs report Friday, which pushed bond yields higher at first. However, the way the day ended showed that change is coming. We […]

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For Generation Z, It’s Travel Now, Work Later

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Generation Z is the name given to people born between 1997 and 2012, and the oldest of them are well into adulthood. But for many, the traditional signs of adulthood — a steady job and home ownership — aren’t yet part of the plan. Karina Bafradzhian has the story. details ⇒ BusinessMediaguide.Com portal received this […]

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Mortgage Coach integrates with Polly’s PPE

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Sales Boomerang and Mortgage Coach announced an API integration between Mortgage Coach and SaaS technology provider Polly on Thursday. Real-time data from Polly’s cloud-native Product and Pricing Engine (PPE) will feed into Mortgage Coach Total Cost Analysis (TCA) presentations through this integration, providing home loan comparisons for borrowers. “Now, lenders can merge the benefits of […]

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Guild acquires Inlanta Mortgage in bid for expansion

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San Diego, California-headquartered lender Guild Mortgage is staying true to its words of having an appetite for acquisitions. The company announced on Thursday it has acquired the Wisconsin-based lender Inlanta Mortgage to increase its purchase loans portfolio and its market penetration in the MidWest. The financial terms of the acquisition were not disclosed.  Mary Ann […]

General World News

Inlanta Mortgage to lay off 60+ employees and shut down in 2023

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Wisconsin lender Inlanta Mortgage announced plans to shut down next year after laying off 62 employees. Inlanta was planning to expand in the summer, but the company failed to stay afloat amid worsening market conditions. “Due to the dramatic and unanticipated drop in mortgage product demand, business circumstances have dictated that Inlanta Mortgage’s assets be […]

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Powell’s speech was a direct hit to mortgage rates

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The Federal Reserve Chairman Jerome Powell said during a Wednesday afternoon speech at the Brookings institute that monetary policy affects the economy and inflation with uncertain lags, and the full effects of the ongoing tightening have yet to be felt.  The mortgage market, however, tells a different story.  So far, the market has quickly reflected […]

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Fintech Hitch launches new HELOC platform

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Austin fintech startup Hitch has rolled out a HELOC platform to help homeowners tap into more than $100 billion in government grants available for home renovation.  Established at the start of 2022, Hitch will give qualified owners access to up to 90% of the equity locked in their homes, the company said Thursday. One of […]

General World News

Christine McVie, Fleetwood Mac Singer-Songwriter, Dies at 79

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Christine McVie, the British-born Fleetwood Mac vocalist, songwriter and keyboard player whose cool, soulful contralto helped define such classics as “You Make Loving Fun,” “Everywhere” and “Don’t Stop,” has died at age 79.  Her death was announced Wednesday on the band’s social media accounts. No cause of death or other details were immediately provided, but […]

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U.S. Department of Education’s Office for Civil Rights Announces Resolution of Investigation into Fairfax County Public Schools in Virginia, Related to the Needs of Students with Disabilities During the COVID-19 Pandemic

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The U.S. Department of Education’s Office for Civil Rights (OCR) today announced a resolution agreement with Fairfax County Public Schools in Virginia requiring it to take steps necessary to ensure that students with disabilities receive educational services, including compensatory services, resulting from the COVID-19 pandemic. details ⇒ BusinessMediaguide.Com portal received this content from this noted […]

General World News

The mortgage market right-sizing is well underway. When will normalcy return?

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Relief from the rate-driven volume reduction afflicting both the primary and secondary mortgage markets is expected to be elusive for some time to come, at least in terms of any renewed refinancing boost. That’s according to David Petrosinelli, a New York-based senior trader with InsphereX, a tech-driven underwriter and distributor of securities that operates multiple trading […]

General World News

UN Puts Baguette on Cultural Heritage List

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The humble baguette — the crunchy ambassador for French baking around the world — is being added to the U.N.’s list of intangible cultural heritage as a cherished tradition to be preserved by humanity. UNESCO experts gathering in Morocco this week decided that the simple French flute — made only of flour, water, salt, and […]

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Voxtur CEO on progress in the housing industry

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The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s TECH100 award are now open through Friday, December 23, 2022.  Click here to nominate your organization. Each year, the TECH100 awards recognize the 200 most influential tech companies in mortgage and real estate […]

General World News

Women Enter World of Breakdancing

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Breakdancing is breaking new ground with the sport’s inclusion in the 2024 Paris Olympics, and scores of women are entering the traditionally male-dominated activity. Aron Ranen has the story from New York City. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com

General World News

NAMB launches roadshow with Freddie Mac and Rocket

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The National Association of Mortgage Brokers (NAMB) announced a series of roadshows in partnership with Freddie Mac and Rocket Pro TPO, starting Dec. 8 in St. Louis, Missouri. The events will feature speakers focused on professional development for loan originators to grow their business and what is likely to happen in the next Congress that […]

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The war for top talent and why LOs move shops

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Given the market contraction and numerous layoffs in the industry, it may be surprising to think that loan officer recruitment and retention could be a focus for some lenders and independent mortgage banks right now.  But due to the reduction of volume, it’s extremely important for lenders and IMBs to be able to replace that […]

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Afghan Refugee Opens Store in Texas to Keep Culture Alive

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Ajmal Zazai, who fled Afghanistan after the Taliban’s takeover, now runs a store in San Antonio, Texas, selling traditional Afghan clothes and carpets For VOA, Zabiullah Ghazi has the story, narrated by Nazrana Yousufzai. Roshan Noorzai contributed. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com

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Government to back mortgages over $1 million in 2023

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The Federal Housing Finance Agency (FHFA) on Tuesday announced that the baseline conforming loan limit for 2023 will be $726,200, an increase of 12.21%, or $79,000, compared to 2022.  The federal government, through government sponsored enterprises Fannie Mae and Freddie Mac, will now back mortgage loans north of $1 million, with the new ceiling loan […]

General World News

Can we still avoid a recession?

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Economic reports over the Thanksgiving holiday paint a complicated picture of what’s happening, and where we are on recession watch. The big economic surprise was the strength of Black Friday sales, where consumers spent a record $9.12 billion online. Another surprise was the Atlanta Fed’s forecast of 4.3% GDP growth in the fourth quarter, since […]

General World News

Vintage Magazines Tell Tale of Turkish City’s Literary Past

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An exhibition in Turkey’s southeastern city of Diyarbakir gives viewers an in-depth look at local periodicals and other publications that are more than a century old. VOA’s Mahmut Bozarslan has the story, narrated by Bezhan Hamdard. Videographer: Mahmut Bozarslan details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com

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Opinion: We don’t need increased regulation of IMBs

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Last week the Wall Street Journal published a story by Andrew Ackerman stating that the Biden administration wants to target nonbanks for tougher oversight and additional regulation. The story states, “the Biden administration is laying the ground­work to target nonbank firms with stricter federal over­sight as regulators grow concerned about financial threats from companies operating […]

General World News

Buydowns become key for buyers to beat the market

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It’s a terrible time for homebuyers. Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage, in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. By taking advantage of the 2-1 temporary […]

General World News

How to communicate rate changes to borrowers

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Mortgage rates are changing every day – and those changes can have big effects on borrowers. Over the last year, it seems that most of those changes have taken an upward trajectory, but there are times that monitoring mortgage rates means good news, such as the rate drop from 7.37% on Nov. 9 to 6.67% […]

General World News

Demand for mortgages is on the rise as rates fall

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With mortgage rates down nearly 50 basis points from the recent peak about a month ago, borrower demand picked up again this week, according to the Mortgage Bankers Association (MBA). The market composite index, a measure of mortgage loan application volume, rose 2.2% for the week ending November 18 after registering a 2.7% increase in the previous week. Compared […]

General World News

Inside Movement Mortgage’s acquisition plans

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Movement Mortgage CEO Casey Crawford and President Mike Brennan. ” data-medium-file=”https://www.housingwire.com/wp-content/uploads/2022/11/deal_02.jpg?w=300″ data-large-file=”https://www.housingwire.com/wp-content/uploads/2022/11/deal_02.jpg?w=1024″ width=”1200″ height=”700″ src=”https://www.housingwire.com/wp-content/uploads/2022/11/deal_02.jpg?w=1024″ alt=”movement” class=”wp-image-370816″ srcset=”https://www.housingwire.com/wp-content/uploads/2022/11/deal_02.jpg 1200w, https://www.housingwire.com/wp-content/uploads/2022/11/deal_02.jpg?resize=150,88 150w, https://www.housingwire.com/wp-content/uploads/2022/11/deal_02.jpg?resize=300,175 300w, https://www.housingwire.com/wp-content/uploads/2022/11/deal_02.jpg?resize=768,448 768w, https://www.housingwire.com/wp-content/uploads/2022/11/deal_02.jpg?resize=1024,597 1024w, https://www.housingwire.com/wp-content/uploads/2022/11/deal_02.jpg?resize=600,350 600w” sizes=”(max-width: 1200px) 100vw, 1200px”>Movement Mortgage CEO Casey Crawford and President Mike Brennan. Movement Mortgage’s deal to acquire top indie retail lender Mortgage Network marks a shift […]