How climate risks impact today’s homebuyers
Housing stakeholders warn that climate risks are already affecting home sales activity and disrupting property values, a sentiment shared by …
Loans
After employment data, enthusiasm for rate cuts fades, boosting U.S. yields
(Bloomberg) — U.S. Treasury yields soared as traders lowered expectations for the Federal Reserve to ease monetary policy significantly next …
Treasury overhauls community development financial institution certification process
The Treasury Department on Friday released long-awaited revisions to its community development financial institution certification process, a move that CDFI …
Mortgage job layoffs slow decline
Employment at non-bank mortgage lenders and brokers fell nearly 1% between September and October, bucking recent national trends, according to …
Redfin’s new AI tool turns buyers into interior designers
Redfin has launched an artificial intelligence tool that allows potential homebuyers to get a glimpse of what the interior design …
CrossCountry Mortgage beats loan officer in court
A federal judge dismisses a former CrossCountry Mortgage employee’s lawsuit accusing the lender of failed to pay their fees during …
Newez expands reach with more real estate agencies
In recent months, Newrez has announced two partnerships with real estate agencies, adding to its portfolio of dozens of real …
U.S. household net worth falls as value of stock holdings falls
U.S. household wealth fell the most in a year in the third quarter as the value of stock holdings fell. …
Pennymac Raises Note Offers, Adds TPO Home Equity Loans
Pennymac’s financial services company on Wednesday issued $750 million of 7.875% unsecured senior notes due 2029 in a private placement, …
Bank of America predicts Treasury rally on Fed bets has just begun
Research from Bank of America Corp. shows the rally in U.S. Treasuries ahead of the Federal Reserve’s first rate cut …