Educational HousingWire reports that UWM has removed loan-level price adjustments on high-balance fixed-rate loans through October 30 and extended its Bullseye 90 pricing to include eligible jumbo products. The temporary elimination of LLPAs should ease pricing pressure on larger conforming loans, while the Bullseye 90 extension gives
Educational The Real Deal LA reports that Ian Schrager and Ed Scheetz have secured a $116.5 million bridge loan to refinance the Public Hotel West Hollywood, a 137-room property currently shuttered for full-scale rehabilitation. Driftwood Capital and Benefit Street Partners provided the financing for the asset at
Educational BREAKING — National Mortgage News reports that Treasury yields pushed higher after the debt buyback announcement, with the 10-year note climbing roughly 6 basis points to 4.85% by early afternoon in New York, after earlier touching levels not seen since 2023. The market's reaction suggests that
Educational HousingWire reports that AD Mortgage compared buying a home now versus waiting across all states during a three-year period, and the math favored immediate purchase in 61% of scenarios. The study's geographic breadth and multi-year frame suggest the finding was not pinned to a single
Educational BREAKING — Mortgage Professional America reports that first-time buyers are proving more resilient than repeat buyers in the current market, with First American data showing first-time buyer activity declining at roughly half the rate of repeat buyers. This marks a notable shift from typical cycles, where first-time
Educational BREAKING — Mortgage Professional America reports that housing inventory has climbed to its highest level in six years, a shift that alters the balance between buyers and sellers after years of tight supply. More homes on the market means sellers are recalibrating their expectations, and buyers with financing in place
Educational Scotsman Guide reports that home prices saw no monthly gains in July, according to Cotality, as climbing mortgage rates and persistent affordability pressures cooled what had been a resilient market. The stall marks a shift from earlier in the year, when values continued edging upward despite higher borrowing costs.
Educational BREAKING — National Mortgage News reports that mortgage rates have climbed to 6.85%, their highest point in more than a year. The upward pressure on borrowing costs has cooled loan demand measurably. The Mortgage Bankers Association's refinance index dropped 6.2% and now sits at its lowest
Educational BREAKING — Mortgage Professional America reports that mortgage rates have climbed to 6.85% and demand for adjustable-rate mortgages has hit a summer peak, as borrowers shifted away from fixed-rate products during the week ending September 4. The move toward ARMs coincided with a slide in overall application
Educational HousingWire reports that Superus Careers has secured a $1 million line of credit from HEXA Ventures to fund technology development aimed at mortgage recruiting. The arrangement gives Superus access to capital specifically earmarked for building out its tech infrastructure in the talent acquisition space, a corner of the industry
JPMorgan Chase, America’s largest bank, just made a big bet on housing—a $750B bet to be exact. At a time when most people hope home prices will fall, JPMorgan is […]
Educational CNBC Real Estate reports that rising mortgage rates are pushing more borrowers toward adjustable rate mortgages, which carry lower initial rates than their fixed-rate counterparts. The trade-off is familiar: borrowers exchange predictability for temporary affordability, betting that rates will ease before their loans reset. It is a