By CHUCK GREEN Curled up in front of the television watching a Christmas movie, one might romanticize the notion of laying down roots in a holiday-themed town or city. Believe it or not, there are a number of municipalities in America that have names people might associate with this time of year. Stacker, based on…
American home shoppers have plenty to fear this Halloween as the housing crunch continues. But where buyers live plays a role in how stressful their experience is. Though markets are tough across the nation, California is home to the scariest housing markets in the U.S., according to a new analysis by Point2. Of the 200…
By SCOTT KIMBLER Mat Ishbia may only be 5’ 10”, but the CEO of United Wholesale Mortgage likes things big — including his house. Already the majority owner of the Phoenix Suns NBA team and the Phoenix Mercury WNBA team, the mortgage business billionaire is well on his way to building the largest lived-in residence…
By KIMBERLEY HAAS Leaders at Rocket Pro TPO are extending their promotion on 30-year conventional purchase loans at or under $200,000 as they gear up to be more competitive in that market this year. During an IGNITE: Live! webinar on Monday, Executive Vice President Mike Fawaz announced that they are continuing their 37.5 BPS credit…
By CHUCK GREEN As the average mortgage rates decline and markets slow in parts of the country that were red-hot during the pandemic, we at The Mortgage Note decided to ask who is currently in favor during negotiations – the buyer or the seller? It seems that the current consensus on the ground is that…
By KIMBERLEY HAAS A United States district court judge in Michigan has granted in part United Wholesale Mortgage’s motion to dismiss complaints in an ultimatum lawsuit filed by America’s Moneyline. According to court documents, on Dec. 22 Judge Laurie Michelson dismissed fraud and promissory estoppel claims, as well as all but one declaratory-judgment subclaim. Lawyers…
By KIMBERLEY HAAS Industry leaders are sharing their thoughts as 2022 winds down and they are expressing gratitude despite challenges in the current market. Bill Banfield, EVP of Capital Markets at Rocket Mortgage in Detroit, Michigan, said he appreciates the mental stimulation of navigating a tough market because people are forced to get creative in…
By KIMBERLEY HAAS Officials at the US Department of Justice say a Michigan real estate consultant and accountant will serve 18 months in prison after he filed false tax returns with the Internal Revenue Service. Steven Mills, of Harbor Springs and formerly of East Lansing, was retained by a corporation to supervise several real estate…
By KIMBERLEY HAAS As the spring selling season begins, people in the mortgage and real estate industries are speculating on whether 2022 will be a year of growth or the start of the end for a red-hot market that has favored sellers and forced up the price of housing in many parts of the country….
December 2021 saw a record annual surge in US home value, the largest gain seen in any December since at least 2001, according to a new analysis of Redfin’s Housing Value Index. U.S. home value rose 18.6% year-over-year (YOY) to $38.6 trillion. Austin, TX, saw home values double that, jumping 39.2% YOY. That shakes out…
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