This year’s HousingWire Women of Influence list recognizes a remarkable group of women in housing who represent the pinnacle of excellence and innovation. These extraordinary women have shattered glass ceilings, defied expectations and carved a path of success through their dedication, expertise and unwavering commitment to transforming the housing landscape. Through their visionary leadership, they […]
Dallas, Texas-based Mr. Cooper Group on Tuesday announced it has completed the acquisitions of Home Point Capital and Roosevelt Management Company. With the deals, Mr. Cooper has moved closer to its $1 trillion mortgage servicing rights (MSR) portfolio target. Mr. Cooper concluded on Monday a tender offer for Home Point’s outstanding shares after extending the deadline twice. According to Equiniti Trust Company, the […]
When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. The Detroit-based lender’s unmatched combination of name recognition, digital infrastructure and consumer technology enabled it to originate more than $670 billion in mortgages in 2020 and 2021, smashing records in […]
The use of artificial intelligence has become a focal point in the Hollywood strikes. Studios say they have offered fair protections and compensation where the new technology is used, but actors and writers have reservations. Genia Dulot has this report. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
For thousands of years, canoes were the primary means of travel for the Native Americans known as the Coast Salish peoples. Tribal Canoe Journey, an event celebrating indigenous tribes of the West Coast, is back after a pandemic hiatus. Natasha Mozgovaya has more. Camera: Natasha Mozgovaya. details ⇒ BusinessMediaguide.Com portal received this content from this […]
Many U.S. banks have tightened their lending standards for residential real estate (REE) loans and home equity lines of credit (HELOC) in the second quarter amid the collapse of regional banks and a cascade of interest rate hikes by the Federal Reserve to tame inflation. Banks expect to further tighten standards for the remainder of […]
The Credit Union National Association (CUNA) late last week released two comment letters expressing the association’s agreement with proposed rules on bolstering borrower protections for Property Assessed Clean Energy (PACE) financing for home renovations. A CUNA letter was aimed at expressing its support to financial services companies, with an additional letter adding its individual comments […]
Paul Reubens, the actor and comedian whose character Pee-wee Herman became a cultural phenomenon through films and TV shows, has died. Reubens died Sunday night after a six-year struggle with cancer that he did not make public, his publicist said in a statement. “Please accept my apology for not going public with what I’ve been […]
The U.S. Department of Housing and Urban Development (HUD) on Monday published a newly-proposed rule in the Federal Register that would allow mortgage servicers to use telephonic or other electronic means to communicate with a distressed borrower, in a way that is most likely to yield a response. “[T]his rule proposes to update HUD’s current […]
Mike Cagney’s Figure Technologies laid off 20% of its staff and plans to take its profitable lending business public next year, Bloomberg reported. About half of the workers laid off last week were engineers and this was the first round of staff reductions for the company, according to the outlet. ”Last Friday I found out […]
Today, U.S. Secretary of Education Miguel Cardona issued the following statement on the new chief of staff for the U.S. Department of Education: details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. Department of Education
Rocket Companies announced major leadership changes on Monday. The company appointed Varun Krishna, a veteran in the financial technology world who held executive positions at Intuit and PayPal, as its new CEO. In addition, Bob Walters has informed the board of directors of his intention to retire from his role as CEO of Rocket Mortgage and president and Chief Operating Officer […]
A week later, the “Barbenheimer” boom has not abated. Seven days after Greta Gerwig’s “Barbie” and Christopher Nolan’s “Oppenheimer” conspired to set box office records, the two films held unusually strongly in theaters. “Barbie” took in a massive $93 million in its second weekend, according to studio estimates Sunday. “Oppenheimer” stayed in second with a […]
As we can see below, Tracking housing inventory this summer is like watching a zombie slowly walking on the beach. Last week inventory growth dropped and new listing data declined again. Strong labor data pushed up mortgage rates and purchase applications fell week to week. Weekly active listings rose by only 4,988 Mortgage rates rose […]
ADELAIDE, AUSTRALIA — Morocco made history in multiple ways during its 1-0 victory over South Korea in the Women’s World Cup on Sunday. Defender Nouhaila Benzina became the first player to wear a Hijab in a World Cup game at the senior level, and her teammate Ibtissam Jraïdi scored the Atlas Lionesses’ first World Cup […]
TEHRAN, Iran — Millions of Shiite Muslims in Iran, Afghanistan, Pakistan and around the world on Friday commemorated Ashoura, a remembrance of the 7th-century martyrdom of the Prophet Muhammad’s grandson, Hussein, that gave birth to their faith. In Afghanistan, the Taliban cut mobile phone services in key cities holding commemorations for fear of militants targeting […]
JPMorgan Chase will buy nearly $2 billion worth of mortgages to grease Banc of California‘s purchase of PacWest Bancorp, Bloomberg reported. The bank entered into an agreement to buy $1.8 billion of single-family residential loans at a discount, according to the outlet. Banc of California and PacWest announced on Tuesday an all-stock merger with a […]
Mauricio Umansky‘s residential brokerage The Agency is venturing into core services. Through partnerships with Bubble Insurance Solutions and New American Funding, real estate agents at The Agency will have access to mortgage lending services and insurance services for their clients. With Bubble Insurance Services, The Agency is launching its own affiliate insurance service, Agencia Insurance […]
Ex-workers took action in a New York court this week to ensure that a $3.5 million settlement with Sprout Mortgage for unpaid wages goes through. It follows a request from the shuttered lender to halt the agreement due to an involuntary bankruptcy petition filed by three creditors. New Wave Lending Group, JMJ Financial Group and EF Mortgage filed on July 5 an […]
Sophia Braun and Romina Nunez scored goals in a five-minute span late in the second half, rallying Argentina to a 2-2 draw with South Africa in the Women’s World Cup on Friday (local time). Linda Motlhalo put South Africa in front in the 30th minute, and Thembi Kgatlana doubled the lead in the 66th minute […]
Austin, Texas-based OJO promoted industry veteran Chris Heller to president while Jerimiah Taylor will move into the chief real estate officer role that Heller held. The moves come amid OJO’s continued growth in 2023, which the company attributes to is OJO Pro+ offering. Heller, who has held leadership roles at Keller Williams and loanDepot‘s mellohome, […]
California-based Pennymac Financial Services increased its profits by 92% in the second quarter of 2023 from the prior quarter. Although the performance was propelled by its servicing portfolio – as occurred in previous quarters – mortgage production returned to profitability. The company reported on Thursday its net income came in at $58.3 million in Q2 2023, up […]
The Community Home Lenders of America (CHLA) on Thursday sent a letter to Sandra Thompson, director of the Federal Housing Finance Agency (FHFA), urging the slower implementation of changes to the credit score reporting process. The letter, which was also sent to the CEOs of Fannie Mae and Freddie Mac, expresses appreciation to FHFA for […]
About two years after Better.com announced its plans to go public via special purpose acquisition company (SPAC) Aurora Acquisitions Corp., the fate of Better.com’s journey to IPO will be decided next month. “Aurora shareholders will be asked to consider and vote upon a proposal (…) to approve and adopt the agreement and plan of merger […]
Mortgage rates rose slightly this week ahead of the Federal Reserve Open Markets Committee‘s rate hike. The 25-basis point increase to the federal funds rate was widely anticipated and priced in by capital markets. Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year […]
After a year’s worth of warnings about a recession, Federal Reserve chair Jerome Powell said Wednesday that the central bank’s staff no longer forecasts a nationwide economic downturn. It’s welcome news for the economy to achieve a soft landing, a scenario in which inflation falls, unemployment remains relatively low and a recession is avoided. Housing […]
Portugal’s Telma Encarnacao scored one goal and set up the other in a 2-0 win over fellow Women’s World Cup debutants Vietnam, sending the Southeast Asian side out of the tournament at Waikato Stadium on Thursday. Portugal is third in Group E with three points and will face the U.S. in their final group game […]
WELLINGTON, NEW ZEALAND — Lindsey Horan, angry over being knocked down minutes earlier by Danielle Van de Donk, scored a revenge goal minutes later in the second half Thursday to help the United States squeeze out a 1-1 draw with the Netherlands at the Women’s World Cup. The Dutch struck first with a goal from […]
Sinead O’Connor, the gifted Irish singer-songwriter who became a superstar in her mid-20s but was known as much for her private struggles and provocative actions as for her fierce and expressive music, has died at 56. “It is with great sadness that we announce the passing of our beloved Sinead. Her family and friends are […]
United Wholesale Mortgage (UWM), the country’s largest wholesale lender, expanded its debt service coverage ratio (DSCR) loan options to four after launching its first product in March. Dubbed “Investors Flex,” the non-QM product for real estate investors, offered purchase and refinance loans up to $2 million that could be used to finance up to 20 […]
The Federal Reserve (Fed) raised the federal funds rate 25 basis points to the 5.25 to 5.5% range on Wednesday, its highest level in 22 years. While the markets have already “priced in” this rate hike, which was widely expected, most investors are already wondering what it would take for the central bank to lift […]
Add Guaranteed Rate to the list of lenders offering down payment assistance programs to target first-time homebuyers facing historic affordability challenges. The Chicago-headquartered lender released OneDown — a mortgage loan that allows customers to buy a home with a minimum down payment of 1% of the purchase price. G-Rate will provide 2% of the required […]
A London jury acquitted Kevin Spacey on sexual assault charges on Wednesday after a four-week trial in which the actor said he was a “big flirt” who had consensual flings with men and whose only misstep was touching a man’s groin while making a “clumsy pass.” Three men accused the Oscar winner of aggressively grabbing […]
Founders of the Somali Digital Media Academy say women’s involvement in the Mogadishu film industry is surging. Abdiaziz Barrow spoke to women who are contributing to the visual history of their country in this report from the Somali capital, narrated by Salem Solomon. Camera — Abdulkadir Zubeyr details ⇒ BusinessMediaguide.Com portal received this content from […]
As mortgage rates remained stubbornly high last week, hovering around 6.87%, mortgage applications fell from a week prior. For the week that ended July 21, mortgage applications fell 1.8% from the prior week, according to data from the Mortgage Bankers Association. “Mortgage rates were essentially flat last week but remained high, with the 30-year fixed staying at […]
First Lady Jill Biden Tuesday marked the U.S.’ return to the United Nations’ cultural organization after five years away, amid concerns that its absence has let China take a lead in key areas like artificial intelligence and technology education. “I was honored to join you today as we raise the flag of the United States, […]
Congo has stepped up security in the capital, Kinshasa, amid concerns about the safety of athletes taking part in the International Francophone Games starting this week, the government said. Around 4,500 additional police backed by state security agents have been deployed ahead of the event, said Isidor Kwanja, the game’s coordinator. Athletes will be personally […]
Bronny James, son of NBA superstar LeBron James, was hospitalized after going into cardiac arrest while participating in a practice at Southern California on Monday, a family spokesman said Tuesday. The spokesman said medical staff treated the 18-year-old James on site and he was transported to a hospital, where he was in stable condition after […]
Also released on Tuesday, the S&P CoreLogic Case-Shiller National Home Price Index indicated that home prices rose month-over-month for the fourth consecutive time in May. However, this decade-long rally in U.S. home prices could finally come to an end, said Robert Shiller, professor of economics at Yale University yesterday on U.S. house prices rose slightly in […]
Home prices showed resilience in May as buyers took advantage of the relatively lower rates during that month, keeping the pressure on available inventory. The S&P CoreLogic Case-Shiller home price index posted a 0.7% month-over-month increase after a seasonal adjustment in May — marking the fourth consecutive monthly increase. The 10-city composite gained 1.1% and […]
The gravity-defying customized cars known as lowriders started out in Mexican American communities of the western United States and now have inspired lowrider clubs in Asia and South America. VOA Correspondent Scott Stearns takes us to an art show inspired by lowrider design. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: […]
How we doing AFT?! We good? Full of energy? I am really thrilled to be here. In preparation, I told my wife, hey I am going to be speaking at the AFT Teach conference in DC and she said, you better. She’s a paying AFT member herself. Shout out to Marissa. It’s great to have […]
Comic books have often been about tackling social issues and protecting the underdog. That may be why they are attracting a wide variety of unique voices, from comic creators to cosplayers. Genia Dulot reports from Comic-Con 2023 in San Diego, California. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
The Federal Trade Commission (FTC) looks poised to settle on the merger deal with Intercontinental Exchange Inc. (ICE) and Black Knight, Keefe, Bruyette & Woods (KBW) said in a note following the postponement of the preliminary injunction to August from this week. ICE and Black Knight’s agreement to sell its product and pricing engine unit […]
Rithm Capital Corp., the real estate investment trust that operates NewRez, Caliber and several other businesses, entered into a definitive agreement to acquire Sculptor Capital Management Inc. for $639 million, the company announced on Monday. The deal, if approved by regulators, will bring to Rithm Sculptor’s $34 billion of assets under management, including real estate, credit and multi-strategy investing spectrum. To […]