Rocket Responds to Claims From UWM CEO Ishbia

National Mortgage Professional, April 8, 2024-Katie JensenAfter a whirlwind of explosive allegations came out last week against United Wholesale Mortgage (UWM), in both a class action lawsuit filed by borrowers …

Movie Theaters Have Weird Real Estate. It’s Saving Them.

The Wall Street Journal, April 8, 2024-Kate KingU.S. movie theaters were hurtling toward obsolescence only a few years ago. Their unorthodox real estate might be their salvation. Click here for more …

Purchase Loan Credit Scores Hit Highest Point in 6 Years

National Mortgage News, April 8, 2024-Bonnie SinnockThe average credit score for financing taken out to purchase homes soared in March, according to Optimal Blue’s latest report on rate-locked loans.Click here …

Construction Hiring Accelerates

The Wall Street Journal, April 5, 2024-Ryan DezemberConstruction employment continues to boom, adding 39,000 jobs last month and 270,000 since March 2023, according to Labor Department data.Click here for more …

Monthly HELOC Originations Stabilize

Home Equity Lending News, April 1, 2024Monthly open-end real estate lending appears to be finding its footing after recently hitting a new low. The lackluster activity contrasts the vibrant market …

Mortgage Lender Jobs Fall as Rate Relief Hopes Fade

National Mortgage News, April 5, 2024—-Bonnie SinnockMortgage broker jobs have risen slightly but origination hiring overall has remained under duress amid broader U.S. employment strength that has further diminished hopes …

Average Long-Term US Mortgage Rate Rises Modestly

The Associated Press, April 5, 2024The average long-term U.S. mortgage rate rose modestly this week, holding below 7 percent as it has for much of this year.Click here for more