by | Jun 2, 2023 | Housing and Mortgage Trends
Real estate investment management firm Pretium Partners is acquiring thousands of homes from home construction company D.R. Horton Inc. in a $1.5 billion deal, as Bloomberg first reported. The deal includes a combination of completed homes and homes that are not yet...
by | Jun 2, 2023 | Housing and Mortgage Trends
We’ve had some odd job reports over the years, but the key is to always follow the trend. That’s especially important with Friday’s data, which showed 339,000 jobs were created in May even while the unemployment rate increased. As someone who wrote that we should get...
by | Jun 2, 2023 | Housing and Mortgage Trends
The U.S. Department of Justice (DOJ) this week announced that it had secured a settlement of more than $3 million from Philadelphia, Penn.-based ESSA Bank & Trust over allegations that the company engaged in redlining majority Black and Hispanic communities from...
by | Jun 2, 2023 | Housing and Mortgage Trends
On the heels of a Thursday announcement by six federal agencies unveiling a proposed rule that would implement quality control standards that govern the use of automated valuation models (AVMs), Vice President Kamala Harris weighed in. “Today, I’m proud to announce we...
by | Jun 2, 2023 | Housing and Mortgage Trends
Polly, a leading provider of innovative mortgage capital markets technology, recently announced the appointment of industry veteran Cheryl Messner as chief customer officer (CCO). Messner, who has extensive experience and expertise in mortgage fintech, joins Polly as...
by | Jun 2, 2023 | Housing and Mortgage Trends
Mat Ishbia is optimistic about the mortgage market. The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. Meanwhile, 2025 and 2026 will be off the charts. What...
