Paul Centopani is an editor for National Mortgage News. Prior to joining Arizent, he worked as an editor at a private equity publication and freelances as a sports writer in his spare time. Paul grew up in Connecticut, graduated from THE Binghamton University and now resides in Chicago after seven years as a New Yorker.
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Despite home purchasing power growing for the 14th consecutive month in February, rising property values and mortgage rates are likely to influence would-be sellers to stay put, according to First American.
April 27 -
Despite falling from quarter to quarter, Flagstar’s mortgage revenues remained strong, while its servicing portfolio grew.
April 26 -
While government protections currently shield most borrowers and delay process timelines, a growing backlog is likely to hit some areas of the country worse than others.
April 23 -
While it’s the third straight week of a downward trend, borrowers likely have only a brief opportunity to take advantage of sub-3% rates before a reversal comes.
April 22 -
Although the company’s revenue and incomes spiked from year-ago levels, most benchmarks showed a decline from the fourth quarter.
April 21 -
At the metro level, Buffalo, N.Y., had the worst undervaluation for Black-owned homes at 86% followed by 72% in both Memphis, Tenn., and Indianapolis, Redfin found.
April 20 -
As listings were snagged at near-record speed, inventory hit yet another new low point, according to Remax.
April 19 -
And with demand far outweighing supply, the average new-home purchase loan ascended to another record high.
April 15 -
COVID-19 quickly altered the hierarchy of borrower debt, with home financing payments taking precedence over credit cards and auto loans, according to TransUnion.
April 14 -
In the nonstop deluge of loan volume, last year’ highest producing loan officers leaned on tech — though sometimes reluctantly — to adapt in the digital marketplace.
April 14
