HousingWire, Jan. 10, 2023–Flávia Furlan NunesSan Francisco-based Blend Labs will sharply reduce its workforce and make changes to its leadership as it seeks to achieve profitability, the company announced on …
Category: Top National News
U.S. Trophy-Home Sales Had a Strong 2022, Despite a Second-Half Slowdown
Mansion Global, Jan. 11, 2023–V.L. Hendrickson2022 was a strong year for luxury sales in the U.S., though a slowing market in the second half of the year may point to …
Mortgage Rates Should Keep on Falling, Boosting Home-Builder Stocks, Analysts Say
MarketWatch, Jan. 11, 2023–Tomi KilgoreShares of home builders enjoyed a broad rally Wednesday after BofA Securities said it sees a “favorable setup” for the sector, with lower mortgage rates on …
Mortgage Refinance Demand Surges as Homeowners Take Advantage of Lower Interest Rates
CNBC, Jan. 11, 2023–Diana OlickAfter rising at the end of the year, mortgage rates dropped sharply last week. That drove demand from current homeowners hoping to save on their monthly …
Suddenly, A Barrage of MSR Deals Hits the Market
Inside Mortgage Finance, Jan. 11, 2023–Paul MuoloAfter 10 days or so of tepid auction activity, the servicing sales market picked up a head of steam midweek with a handful of …
Musk’s About-Face on Remote Work Latest Example of WFH Whiplash
Bloomberg, Nov. 18, 2022–Matthew BoyleLeaders on Wall Street, in Silicon Valley and everywhere in between have had to roll back strict RTO demands.https://www.bloomberg.com/news/articles/2022-11-18/elon-musk-s-twitter-ban-on-remote-work-is-latest-example-of-wfh-whiplash?srnd=premium&leadSource=uverify%20wall
Black Knight to Sell TitlePoint Back to Fidelity for $225M
HousingWire, Nov. 18, 2022–Connie KimBlack Knight agreed to sell its TitlePoint business unit to former parent company Fidelity National Financial for $225 million in cash. A sale of TitlePoint is …
Are Fintechs Living Up to their Promise of Financial Inclusion?
American Banker, Nov. 18, 2022–Miriam Cross (subscription)“There is still a long way to go,” said Adrienne Harris, superintendent of the New York State Department of Financial Services, at a fireside …
Appraisal Institute CEO To Step Down In February
National Mortgage Professional, Nov. 18, 2022–David KrechevskyThe Appraisal Institute said Thursday that CEO Jim Amorin will resign effective Feb. 14, 2023. Amorin will conclude five years of service as CEO …
October Sees 29% Drop in New Home Mortgage Applications
Mortgage Professional America, Nov. 18, 2022–Mary OrThe latest numbers from MBA’s builder application survey are in, showing even less (-13%) new home purchase activity in October than there was in …