Mortgage Mix: Lenders Reporting Losses in Q3 Earnings Reports
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon....
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U.S. Unemployment Crept Up to 3.7% in October
The national unemployment rate has increased to 3.7% after the number of unemployed people in the U.S. rose by 306,000...
Rocket Companies Suffers Sizable Losses in Q3
As the shifting mortgage lending environment continues to deal blows to players of all sizes in the sector, Rocket Companies,...
Despite Continued Revenue Losses, LendingTree Has a Positive Future Outlook
LendingTree’s revenue continues to suffer through another quarter amidst a housing crisis for the ages, according to company executives. In...
Mortgage Rates Dip Under 7%
The average 30-year fixed-rate mortgage (FRM) edged down slightly this week to 6.95%, a drop from the previous week’s historic...
Mortgage Applications Decreased Again This Week
Despite a slight drop in mortgage rates, mortgage applications continued their decrease for the sixth straight week. According to the...
Catastrophic Q3 2022 Results for Opendoor Follow 18% of Jobs Eliminated
A day after letting go of nearly 550 workers, or 18% of the company’s workforce, real estate technology company Opendoor...
Seismic Shifts Are Happening in Real Estate. What Do They Mean for the Future?
Real estate has changed—maybe forever. Since the upheaval of 2020, which began with a global pandemic and has since sprawled...
Fed Maintains Aggressive Rate Hike Effort, but Signals Possible Slowdown
The Federal Reserve has once again dropped the hammer on its rate hike efforts, announcing its fourth 75 basis points...
Researchers Project Home Price Drops in Major Metros
After more than a year of following the nationwide meteoric rise in home prices, researchers at Florida Atlantic University (FAU)...
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