U.S. golfing great Tiger Woods will be formally inducted into the World Golf Hall of Fame Wednesday night at a ceremony in Florida. Woods’ 14-year-old daughter Sam, who was born the day after he finished second at the 2007 U.S. Open, will formally introduce him at the new headquarters of the PGA Tour in Ponte […]
Mortgage applications jumped 8.5% for the week ending March 4, as mortgage rates dropped for the first time in three months as a result of Russia’s war in Ukraine, the Mortgage Bankers Association (MBA) reported on Wednesday. Borrowers’ demand for mortgages increased across the board. The MBA‘s seasonally adjusted refi index rose 8.5% from the […]
U.S. Secretary of Education Miguel Cardona issued the following statement in response to the Florida Legislature’s Parental Rights in Education bill: details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. Department of Education
Pink slips will arrive for 3,000 employees of Better.com, the mortgage lender that received a mountain of bad press three months ago when its CEO, Vishal Garg, fired 900 workers via Zoom and chastised their work ethic to remaining employees. The new round of layoffs reaches 35% of Better.com’s staff and hits workers in the […]
Three sisters from Irbil have won gold and silver medals in weightlifting events in the regional 2021 Arab Weightlifting Championship. While preparing for future weightlifting competitions, the three Kurdish women are inspiring young girls to step into a male dominated field. VOA’s Ahmad Zebari reports from Irbil, narrated by Namo Abdulla. Camera: Ahmed Zebari Produced […]
Lenders One Cooperative announced on Monday that it has struck a deal to lease retail space in Walmart stores to sell mortgage products and services. The cooperative inked a deal for space at three Walmart locations, but said there are “many more opportunities to come.” Lenders One will be selling purchase, refinance and home equity products […]
Illinois-based title insurance underwriter Attorneys’ Title Guaranty Fund (ATG) has entered into an agreement to merge with mortgage lender Guaranteed Rate. ATG president and CEO Peter Birnbaum announced the plans for the merger in early January in an email to ATG agents and shareholders. The transaction is still subject to regulatory and shareholder approval, but […]
Illinois-based title insurance underwriter Attorneys’ Title Guaranty Fund (ATG) has entered into an agreement to merge with mortgage lender Guaranteed Rate. ATG president and CEO Peter Birnbaum announced the plans for the merger in early January in an email to ATG agents and shareholders. The transaction is still subject to regulatory and shareholder approval, but […]
The Supreme Court said Monday it will not take up the sexual assault case against comedian Bill Cosby, leaving in place a decision by Pennsylvania’s highest court to throw out his conviction and set him free from prison. The high court declined prosecutors’ request to hear the case and reinstate Cosby’s conviction. The Pennsylvania Supreme […]
Maggie Gyllenhaal’s “The Lost Daughter,” “Drive My Car” and “Summer of Soul” were among the big winners at the 37th Film Independent Spirit Awards Sunday. The ceremony hosted by Nick Offerman and Megan Mullally was held in a tent by the beach in Santa Monica, broadcast on AMC and IFC. It is the cool, casual […]
The 50th running of the Iditarod Trail Sled Dog Race started Sunday with 49 mushers setting their sights on Alaska’s western coast. The race will take the mushers across Alaska’s untamed and unforgiving terrain, including two mountain ranges, the frozen Yukon River and the unpredictable Bering Sea ice. The winner is expected to cross the […]
The fledgling Basketball Africa League tipped off its second season in Dakar, Senegal, on March 5, 2022, with a dozen men’s club teams from as many African countries vying for the 2022 BAL championship title. Senegal’s Dakar Université Club and Guinea’s Seydou Legacy Athlétique Club faced off in the season opener. They had their eyes […]
Walter R. Mears, who for 45 years fluidly and speedily wrote the news about presidential campaigns for The Associated Press and won a Pulitzer Prize doing it, has died. He was 87. “I could produce a story as fast as I could type,” Mears once acknowledged — and he was a fast typist. He became […]
International Women’s Day, celebrated on March 8, aims to focus global attention on the state of women when it comes to gender equality, bias, stereotypes and discrimination. Its goal is to make the world more diverse, equitable and inclusive for them. VOA’s Laurel Bowman has that story. details ⇒ BusinessMediaguide.Com portal received this content from […]
California-based nonbank lender Carrington Mortgage Services has invested in boosting the growth of its wholesale channel, with the latest announcements including a new loan processing technology and plans to increase the sales team. The attention to broker shops comes at a moment in the mortgage industry when the retail channel is losing origination volume, particularly […]
Today, the Bureau of Labor Statistics reported that the United States Of America created 678,000 jobs in February. We also had 92,000 in positive revisions, and this report was a beat of estimates coming off a strong January report as well. The U.S unemployment rate stands at 3.8%, and we are getting closer and closer to […]
Last week, mortgage investment firm Ellington Financial (NYSE: EFC) announced that it had reached a deal to acquireleading reverse mortgage lender Longbridge Financial, in a deal valued at roughly $75 million for a 49.6% stake. Since EFC had already maintained a stake in Longbridge, the deal will basically serve to close the remaining gap in ownership […]
Fannie Mae this week completed its first credit insurance risk transfer (CIRT) deal of the year as part of the agency’s ongoing efforts to share mortgage risk with the private sector. The deal transferred millions of dollars of credit risk to a group of 22 private insurers and reinsurers. That credit risk is tied to […]
The arts may be a luxury many children of underprivileged families can’t afford, but at the Sitar Arts Center in Washington, D.C., it’s available to all who want to participate. VOA’s Virginia Gunawan reports. Camera – Laurentius Wahyudi. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
Over the past few years, digital transformation has increasingly changed the way property and real estate transactions occur. A vertical which has seen a strong digital push is mortgages, with consumers, lenders and other agents increasingly using online tools and services to apply for and process home sales. Nora Apsel, Morty co-founder and CEO One […]
MSR ” data-image-caption=”” data-medium-file=”https://www.housingwire.com/wp-content/uploads/2021/11/HW-money-house-balance.png?w=300″ data-large-file=”https://www.housingwire.com/wp-content/uploads/2021/11/HW-money-house-balance.png?w=1024″ width=”1200″ height=”778″ src=”https://www.housingwire.com/wp-content/uploads/2021/11/HW-money-house-balance.png?w=1024″ alt=”HW+ money house balance” class=”wp-image-330483″ srcset=”https://www.housingwire.com/wp-content/uploads/2021/11/HW-money-house-balance.png 1200w, https://www.housingwire.com/wp-content/uploads/2021/11/HW-money-house-balance.png?resize=150,97 150w, https://www.housingwire.com/wp-content/uploads/2021/11/HW-money-house-balance.png?resize=300,195 300w, https://www.housingwire.com/wp-content/uploads/2021/11/HW-money-house-balance.png?resize=768,498 768w, https://www.housingwire.com/wp-content/uploads/2021/11/HW-money-house-balance.png?resize=1024,664 1024w, https://www.housingwire.com/wp-content/uploads/2021/11/HW-money-house-balance.png?resize=600,389 600w” sizes=”(max-width: 1200px) 100vw, 1200px”> Despite the global turmoil sparked by Russia’s recent invasion of Ukraine and the volatility in interest rates that has followed, the mortgage servicing rights (MSR) market […]
As all participants in the mortgage industry know, securitization is a critical tool for making loans to homeowners at affordable rates. The process of bundling loans and separating risks makes available fixed-rate mortgages that are fully prepayable at borrowing costs well below other forms of debt. To say that securitization is critical to American homeownership […]
The Department of Veterans Affairs is giving borrowers impacted by the pandemic an additional fifteen months to get loan payment relief. The new deadline for home retention options is now July 1, 2023, according to a circular published by the department on Monday. The options were initially set to expire April 1, 2022. The reason […]
The average 30-year-fixed rate mortgage declined to 3.76% for the week ending March 3, down from 3.89% in the previous week, amid the geopolitical tensions caused by Russia’s war in Ukraine, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 3.02%. The PMMS report is focused on conventional, conforming, […]
With the threat of financial sanctions looming, Chelsea’s Russian owner Roman Abramovich confirmed Wednesday he is trying to sell the Premier League club he turned into an elite trophy-winning machine with his lavish investment. The speed of Abramovich’s pending exit from Chelsea is striking as he was trying to instigate a plan this past weekend […]
Despite the ongoing conflict in Ukraine, Federal Reserve Chair Pro Tempore Jerome Powell plans to raise rates by 25 basis points this month. The first rate increase is expected in a little less than two weeks, coinciding with the March Federal Open Markets Committee meeting, scheduled for March 15 and 16. President Joe Biden also […]
Kenyan refugee aid group RefuSHE is hosting a virtual international fashion show in East Africa for female refugees. Organizers say the show’s proceeds will go toward helping female refugees fleeing conflict in East and Central Africa. Brenda Mulinya reports from Nairobi, Kenya. Videographer and producer: Amos Wangwa details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: […]
It’s official: the mortgage industry has entered a purchase era, with refinance applications declining below 50% of the mix for the first time since June 2019, the Mortgage Bankers Association (MBA) reported on Wednesday. Mortgage applications decreased 0.7% for the week ending Feb. 25, as mortgage rates reached 4.15%. Compared to the same week one […]
The invasion of Ukraine by Russian forces has ignited responses from arts and cultural institutions around the world, which are canceling performances by Russian artists, many of whom are supporters of Russian President Vladimir Putin. The Cannes Film Festival, an invitation-only event that previews top-quality films from more than 80 countries, announced that no Russian […]
Major League Baseball has canceled opening day, with Commissioner Rob Manfred announcing Tuesday the sport will lose regular-season games over a labor dispute for the first time in 27 years after acrimonious lockout talks collapsed in the hours before management’s deadline. Manfred said he is canceling the first two series of the season that was […]
In January I received a text message from Dave Savage, CEO of Mortgage Coach. “Hey Clayton …” and a link. News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang (click here for article). LLR is not a newcomer to mortgage technology […]
Despite a 1.6% drop in U.S.-based agent count and a net loss of $15.6 million in 2021, RE/MAX Holding Inc., executives were positive about the Denver-based franchisor’s performance during the firm’s fourth quarter earnings call with investors on Thursday, thanks to RE/MAX’s organic revenue growth. During 2021, RE/MAX generated $329.7 million in total revenue, up […]
UWM’s headquarters in Pontiac, Michigan. ” data-medium-file=”https://www.housingwire.com/wp-content/uploads/2021/10/HW-UWM.png?w=300″ data-large-file=”https://www.housingwire.com/wp-content/uploads/2021/10/HW-UWM.png?w=1024″ width=”1200″ height=”737″ src=”https://www.housingwire.com/wp-content/uploads/2021/10/HW-UWM.png?w=1024″ alt=”HW-UWM” class=”wp-image-324074″ srcset=”https://www.housingwire.com/wp-content/uploads/2021/10/HW-UWM.png 1200w, https://www.housingwire.com/wp-content/uploads/2021/10/HW-UWM.png?resize=150,92 150w, https://www.housingwire.com/wp-content/uploads/2021/10/HW-UWM.png?resize=300,184 300w, https://www.housingwire.com/wp-content/uploads/2021/10/HW-UWM.png?resize=768,472 768w, https://www.housingwire.com/wp-content/uploads/2021/10/HW-UWM.png?resize=1024,629 1024w, https://www.housingwire.com/wp-content/uploads/2021/10/HW-UWM.png?resize=600,369 600w” sizes=”(max-width: 1200px) 100vw, 1200px”>UWM’s headquarters in Pontiac, Michigan. United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, posted another record for production in 2021, but lower margins and declines in fair […]
Yellowstone, the first U.S. national park, draws 4 million visitors annually. Parkgoers marvel at fantastic geysers, colorful hot pools and amazing wildlife. Yellowstone National Park photos courtesy of Tom Murphy Photography details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
A rare version of a book considered the first novel published in the U.S. by a Black woman has returned to her home state of New Hampshire. An original first edition of Harriet Wilson’s “Our Nig; or Sketches From the Life of a Free Black” was recently donated to Black Heritage Trail of New Hampshire, […]
Ebbing COVID-19 cases help propel the Crescent City back to life after last year’s cancellation of Fat Tuesday festivities details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
The 28th Screen Actors Guild Awards will kick off with a “Hamilton” reunion, feature a lifetime achievement award for Helen Mirren and, maybe, supply a preview of the upcoming Academy Awards. The SAG Awards, taking place at Barker Hangar in Santa Monica, California, begin at 8 p.m. EST Sunday and air on both TNT and […]
With a flick of his brush, Ghanaian painter Daniel Anum Jasper armed actor Paul Newman with a pair of revolvers. Unfinished paintings of a bell-bottomed John Travolta and nunchuck-spinning Bruce Lee adorned the walls of his crammed Accra studio. Jasper, a veteran movie poster designer, was finishing up one of the 1969 classic “Butch Cassidy […]
After telling Russian President Vladimir Putin to “stop” on Saturday, Eintracht Frankfurt proceeded to frustrate Bayern Munich in their Bundesliga game until substitute Leroy Sané scored late for the league leaders. Frankfurt prominently displayed the message “STOP IT, PUTIN!” all around its stadium before kickoff, just one of several pointed messages across the league against […]
California-based mortgage lender WinnPointe Corporation, doing business as Interactive Mortgage, has started a reduction in its workforce of around 180 employees, after suffering more than $1 million dollars in losses. The company announced that, in the last 12 months, it laid off 128 employees, including underwriters, loan officers, processors, administrative and funders. However, pink slips […]
Nonbank mortgage lender and servicer Ocwen Financial Corporation improved its performance in 2021, despite a deterioration in its earnings during the last three months of the year. The company reported on Friday a $18 million profit in 2021. Ocwen posted a net loss of $40 million in 2020. For the full year, the company’s servicing portfolio grew […]
U.S. Secretary of Education Miguel Cardona issued the following statement on the release of new CDC guidance: details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. Department of Education
The Federal Housing Administration (FHA) announced on Thursday the launch of a new portal for the Department of Housing and Urban Development’s Single Family Mortgage Asset Recovery Technology (SMART) system. The streamlined SMART portal allows borrowers and servicers to request payoff amounts in real time for FHA partial claims or subordination checklists, which are used […]
The International Federation of Association Football (FIFA) has suspended Zimbabwe’s and Kenya’s memberships over government interference in the countries’ football associations. Zimbabwe authorities say they were acting against corruption, incompetence and sexual abuse. Zimbabwe’s football association denies the allegations, which FIFA says should be investigated without the government’s interference. FIFA President Giovanni Infantino announced the […]
Today, the U.S. Department of Education released a new fact sheet highlighting ways states and school districts are using American Rescue Plan funds to reengage students and enhance academic learning by expanding career and technical education (CTE) opportunities. As schools help students address lost instructional time, high-quality CTE programs can be a powerful tool to boost school […]