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 …
Category: Top National News

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 …

The 10 Top Cities for First-Time Homebuyers, According to Zillow
Money, April 5, 2024-Brenden RearickFirst-time homebuyers are becoming one of the largest segments of the real estate market, making up half of all buyers in 2023. While this demographic continues …

Housing Market 2024: 5 States With the Highest Foreclosure Rates
Yahoo! Finance, April 5, 2024-Gabrielle OlyaForeclosure rates are on the rise. As of February, there were nearly 33,000 properties in foreclosure, an 8% increase from the year prior, according to …

Office Vacancies Set New All-Time High, Blowing Past Recession-Era Rates
Fortune, April 4, 2024-Alena BotrosThe poster child of commercial real estate’s downfall is making headlines again, for the worse.Click here for more (subscription)

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