Buckle up for a sustained rise in interest rates: analysis

The question now is when will the 10-year break through 3.00% going higher, putting that number “five” back into the mortgage vocabulary for the first sustained time since the Great Recession. Market consensus (of course, often wrong): “when,” not whether …

Real estate daily market update: February 16, 2018

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Real estate startups make a splash on Forbes Fintech 50

“Real estate is the world’s largest asset class and the largest capital market. And it is clearly one of the least efficient as real estate capital markets have been laggards in the adoption of technology.” …

Xome operator Nationstar acquired by WMIH Corp.

WMIH Corp. has acquired a majority interest in Nationstar, the mortgage servicing company that owns real estate technology platform Xome and recently rebranded its loan origination operations to “Mr. Cooper.” …

Real estate daily market update: February 15, 2018

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Fannie Mae reports $6.5B loss for fourth-quarter 2017

Fannie Mae on Wednesday reported a fourth-quarter net loss of $6.5 billion, a steep year-over-year decline that the government-sponsored, publicly traded entity attributed to a one-time accounting charge brought on by changes to the tax code that passe…

Real estate daily market update: February 14, 2018

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Past-due mortgages still ‘up sharply’ where hurricanes struck

“Transition rates for 60-day and 90-day delinquency, while stable across most of the country, were up sharply in many areas impacted by the 2017 hurricanes. In many of the harder-hit regions, such as the Houston and Miami metropolitan areas, housing st…

Real estate daily market update: February 13, 2018

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Lending startup Blend approved for Fannie Mae Day 1 Certainty

Enterprise lending software startup Blend has just earned a major vote of confidence from mortgage securities giant Fannie Mae. Blend has been approved as a provider of asset verification for Fannie Mae’s Day 1 Certainty program. Day 1 Certainty lets …