Digital Mortgage Direct Page

A forward-looking gauge of U.S. home purchases rebounded in October to a 10-month high, signaling steady housing demand despite growing affordability concerns among many prospective buyers.

With home improvement spending up, more mortgage bankers are building out teams to capture the market.

Starwood Capital Group is acquiring 2,300 single-family rental homes from Pretium Partners, increasing its bet on U.S. suburban real estate.

Any reinvestment assets chosen for the trust must be a healthcare property, and they must be intended for refinance with the proceeds of an agency mortgage loan.

Federal Reserve officials at their last meeting stressed the need for flexibility on how quickly they will scale back their bond-buying program as well as the timing of interest-rate increases, before data showed inflation accelerating.

While most agree texting is essential, are more traditional methods, like direct mail, still necessary post-COVID?

The company also let go of staff in its Chicago-area office, with one account estimating "hundreds of employees" lost their jobs there.

However, the median monthly expense associated with financing is still lower than that for a lease.

Sales of new U.S. homes edged up in October, reflecting stabilizing demand even as builders face supply-chain disruptions and buyers grapple with rising prices.

Purchase and refinance numbers both came in higher, while average loan sizes also recorded an uptick.