Page 5 - Guy Cecala News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The housing market is as hot as ever. The mortgage market, though, is losing steam. Homes are selling at a blistering pace unseen since before the financial crisis, pushing up home values in nearly every U.S. ZIP Code. Yet lenders are preparing for mortgage demand to cool in the coming months, the result of rising interest rates that make refinancing less attractive for a huge chunk of borrowers. The anticipated decline in mortgage volume is setting off price wars across the industry. That is driving down profit margins and spooking the shareholders of mortgage firms that wen...

Inman Connect On the heels of its success with Compass and Opendoor, SoftBank is on the search for its next golden goose in the real estate industry. As the fintech industry gains speed in an increasingly digital world, the Japanese-based conglomerate has used its Vision Fund to invest millions in fintech startups, with Better.com being the latest to benefit from a multi-million-dollar cash infusion. The digital mortgage startup will receive $500 million from the SoftBank Vision Fund, according to a report by WSJ said the two companies have been discussing terms of the deal since late last ...

Mortgage City: With 3 new public companies, Southeast Michigan solidified as industry hub Joins neighbors and competitors, Detroit-based Rocket Companies Inc., Pontiac-based UWM Corp 3 Southeast Michigan companies did about $567.5 billion in mortgage volume last year. Home Point Southeast Michigan's claim to the name "Mortgage City" has become a little stronger. With Home Point Capital Inc. making its debut on the public markets on Friday, the region has been solidified as a hub for mortgage lending, particularly for non-bank institutions. The Ann Arbor-based mortgage originator and servicer ...

Mortgage Originations Are on Pace for Best Year Ever Record-low interest rates and strong demand for homes boost lenders during Covid-19 pandemic The boom in mortgages for homes including this Jacksonville, Fla., development has extended into the final quarter of 2020. Photo: Charlotte Kesl for The Wall Street Journal By Dec. 10, 2020 5:30 am ET Americans are poised to take more mortgages this year than they did even during the run-up to the 2008-09 financial crisis. In the first nine months of the year, lenders extended $2.8 trillion of mortgages, ...