Effective July 31, the Texas-based bank will shut down its mortgage origination business, and shift its focus towards full-service banking and mortgage servicing options.
Most Recent Articles
Survey Finds Nearly 40% of Americans Feel Pressure to Relocate
A new survey from LendingTree revealed that in addition to rising mortgage rates and housing costs, approximately 39.79% of respondents cited rent increases as the primary reason why they felt...
U.S. Home Affordability Grows More Challenging in Q3
"The dynamics influencing the U.S. housing market appear to continuously work against everyday Americans, potentially to the point where they could start to have a significant impact on home...
Pending Home Sales Fall 7% in August
NAR reports that pending home sales dropped in all four U.S. regions month-over-month and compared to one year ago, as mortgage rates above 7% continue to impact homebuying.
HUD Clarifies Civil Rights Protections Against Housing Discrimination
As part of the Biden Administration’s strategy to counter antisemitism, HUD’s Office of Fair Housing and Equal Opportunity has joined seven other federal agencies to issue fact sheets on Title VI...
Mortgage App Payments Rose in August Despite Decline in Homebuyer Affordability
Mortgage application payments increased slightly in August to $2,170, according to MBA's Purchase Applications Payment Index, while overall homebuyer affordability declined, as homebuyers’ budgets...
Black, Hispanic Homebuyers Continue to Experience Discrimination During Homebuying Process
According to a new Redfin survey, discrimination drove roughly 1 in 10 Black, Hispanic, and LGBTQ+ respondents away from their previous residences. In addition, some 32% of Black and Hispanic...
Black, Hispanic Homebuyers Continue to Experience Discrimination During Homebuying Process
According to a new Redfin survey, discrimination drove roughly 1 in 10 Black, Hispanic, and LGBTQ+ respondents away from their previous residence, while 32% of Black and Hispanic respondents...
Mortgage Rates Climb to 23-Year High Point
Freddie Mac reports that mortgage rates reached levels last seen in December 2000, as the 30-year fixed-rate mortgage rose 12 basis points week-over-week and low supply continues to create...
CFPB: Rate Environment Dictated the Mortgage Market in 2022
In its annual report on residential mortgage lending activity and trends, the Bureau found that mortgage lending fell in 2022 amid a significant rise in interest rates and discount points.
Senior Home Equity Rose to $12.7 Trillion in Q2
According to NRMLA, senior home equity rebounded in the second quarter of 2023, as housing wealth for U.S. homeowners aged 62 years and older rose by $820 billion in Q2.
Senior Home Equity Rises to $12.7 Trillion in Q2
According to NRMLA, senior home equity rebounded in the second quarter of 2023, as U.S. homeowners 62 years of age and older saw their housing wealth rise by $820 billion in Q2.
Fannie Mae Launches New Resources to Further Advance Latino Homeownership
Fannie Mae announced the unveiling of HomeView en Español, a new resource available to help Latino communities and further address the homeownership gap in America.
Examining U.S. Towns With the Highest Home Values
According to a new LendingTree study, the nation’s most expensive towns are often found in popular vacation spots; however, such homebuyers may further deplete the already limited housing supply,...
Examining U.S. Towns With the Highest Home Values
According to a new LendingTree study, the nation’s most expensive towns are often found in popular vacation spots; however, such homebuyers may further deplete the already limited housing supply,...
What a Government Shutdown Could Mean for the Real Estate Economy
In a new report, the National Association of Realtors revealed what a government shutdown would mean for the real estate industry, including the closing of some federal housing, mortgage, and...
Purchase Mortgage Apps Down 27% YoY
As mortgage rates advanced upward to levels last seen 20 years ago, the MBA reports overall application volume slipping yet again after a quick one-week rebound.
New Residential Sales Slow in August
Month-over-month, HUD and the Census Bureau reported an 8.7% drop-off in new home sales in August, with sales impeded by mortgage rates over the 7% mark.
Nearly 7 in 10 Americans Feel Cost of Living Outpacing Worker Salaries
A new BofA study revealed that American employees continue to feel stressed about their finances and remain concerned about the increasing cost of living, with an estimated 67% of American...
Nearly 7 in 10 Americans Feel Cost of Living Outpacing Worker Salaries
A new BofA study revealed that American employees continue to feel stressed about their finances and remain concerned about the increasing cost of living, with an estimated 67% of American...
Total Housing Market Values Up Nearly 50% From Pre-Pandemic Levels
A new Zillow study revealed that total U.S. housing value has surged more than $2.6 trillion over the past year, an estimated 49% higher than before the pandemic, with new home construction...