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- Housing industry jobs disappearing amid fears of a prolonged recession December 9, 2022CoStar Group trims about 100 employees and UpEquity slashes 25% of its workforce as the housing industry continues to rightsize.
- U.S. Bank inherited a wholesale lending business. It’s shutting it down December 9, 2022The acquisition of MUFC Union Bank brought with it a wholesale mortgage division. But that's not part of the U.S. Bank’s current mortgage strategy.
- How boutique lender Revolution Mortgage plans its expansion December 9, 2022Brian Covey, new EVP at Revolution Mortgage, is taking on training and hiring top talent who can penetrate local markets with their own database and network.
- ATTOM’s Rick Sharga on a data-driven housing industry December 9, 2022Higher mortgage rates have dramatically affected affordability for many prospective homebuyers — especially first-time buyers.
- Best practices to speed up the appraisal process December 8, 2022It’s often been difficult for appraisals to keep pace as the rest of the process becomes more streamlined and efficient. But that’s starting to change, and it’s not just the result of less volume.
- Former mortgage broker sentenced to 5+ years for $8M loan fraud scheme December 8, 2022Alex Ashod Dadourian a licensed mortgage loan broker, took out 17 mortgage loans between 2017 and 2019 and received more than $254,0000 in fees and commissions in return, prosecutors said.
- Inside the collapse of a top reverse mortgage lender December 8, 2022What led Reverse Mortgage Funding, the nation's fifth-largest reverse lender, to declare Chapter 11? We interviewed over a dozen people and pored over bankruptcy proceedings and bond documents to learn how the death-spiral occurred.
- Lending standards loosen amid high mortgage rates, slow housing market December 8, 2022Credit availability rose for the first time in nine months as lenders navigate an environment with higher rates and a slower housing market.
- Mortgage rates are down, but not enough for most borrowers December 8, 2022The average 30-year fixed-rate mortgage rate decreased to 6.33% this week, down 16 basis points compared to the previous week, according to the latest Freddie Mac survey.
- HW Media acquires Altos Research to expand access to real-time housing data December 8, 2022HW Media, publisher of HousingWire, RealTrends and Reverse Mortgage Daily has closed on the strategic acquisition of Altos Research.
