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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Clayton Properties Group, a builder specializing in prefabricated modular and manufactured homes, acquired Mungo Homes in a move to bolster the scale of its site-built housing.
December 3 -
Hometown Lenders Inc. will acquire TotalChoice Mortgage in a move to expand its geographic footprint and meet its goal of growing annual originations from $1 billion to $5 billion.
November 30 -
Volatility in the stock market caused the growth in the top 5% of average home sale prices to slow more than the rest of the market, according to Redfin.
November 29 -
Existing-home sales are on pace to fall 2.3% year-over-year in 2018, and the baby boomer generation is a big reason why, according to Fannie Mae Chief Economist Doug Duncan.
November 29 -
Affordability will take a hit and rent prices are expected to go higher next year behind rising mortgage rates, but they'll bring positive developments, according to Zillow.
November 28 -
October's loan delinquencies, especially those in serious delinquency, got much healthier after improving from the fallout of the last two hurricane seasons, according to Black Knight.
November 27 -
While a downturn is expected to come for the housing market, it could be more of a side-step than falling off a cliff, according to the latest Barclays Global Economics Weekly report.
November 26 -
While the housing market perennially decelerates in the winter, it can be a wonderland for potential homebuyers, according to Attom Data Solutions.
November 21 -
As inflating home prices hampered sales in recent years, housing inventory finally shows signs of bouncing back, according to Zillow.
November 21 -
While it's normally a time the market slows down for mortgage lenders relative to the rest of the year, this winter shouldn't be used to hibernate, according to Attom Data Solutions.
November 20 -
October's rise in the supply of homes for sale could signal the housing market is getting closer to equal footing for buyers and sellers, according to Remax.
November 19 -
Borrowers buying new homes produced fewer loan applications than they did a year earlier due to October's rising interest rates.
November 16 -
After last week's surge of 11 basis points, mortgage rates held steady due to a dip in energy costs, even with continued stock market volatility, according to Freddie Mac.
November 15 -
The decelerating pace of home price growth in October is helping offset the rise in mortgage rates, according to Quicken Loans.
November 14 -
The mortgage delinquency rate dipped to a 12-year low, but overvalued housing markets and eventual reversal in the unemployment rate present risk for future delinquencies, according to CoreLogic.
November 13 -
American Financial Resources, a Parsippany, N.J.-based mortgage lender, will pay any required agent fees for U.S. Department of Veterans Affairs loans for its brokers and correspondents on all AFR-related VA loan submissions starting Veterans Day.
November 12 -
Rising home prices and climbing mortgage rates pulled down affordability to the lowest point since before the housing market crash.
November 9 -
Continued diversification of its business lines and better margins in its securitization activities helped Redwood Trust overcome steep mortgage origination declines and post nearly 14% annual growth in net income during the third quarter.
November 8 -
The prospect of growing mortgage rates took a negative hit on consumer perception of home buying and selling during October, according to Fannie Mae.
November 7 -
Eighty percent of millennials said they plan on moving within the next five years, while nearly three-quarters claim affordability as their biggest hurdle in the buying a home.
November 6
