Fannie Mae reported Thursday it posted a comprehensive income of $4.5 billion in the second quarter of 2018, which was primarily driven by a shift to fair value gains. This income up slightly from Q1’s $3.9 billion, and up from Q2 of 2017, when it saw a comprehensive income of $3.1 billion.
Executive Conversations is a HousingWire web series that profiles powerful people in the financial industry, highlighting the operations and the people that make this sector tick. In the latest installment, we sit down with Jason O’Brien, senior vice president of payments at SWBC, to discuss the importance of an omnichannel payment strategy.
A vacant parcel in Beverly Hills could potentially become the most expensive piece of real estate ever sold.
Eighteen blazes in the state have scorched an area larger than Los Angeles, but despite the devastation, home prices may surge. Here’s why.
However, the expanded supply of homes for sale is not relieving the upward pressure on prices, realtor.com® reports.
The Fed’s key interest rate does not have a direct impact on mortgage rates, but it usually influences them.
For the second time in less than a month, Zillow is expanding its direct homebuying program. Last month, the online real estate giant announced that it is planning to bring its direct buyer program to Atlanta. Now, the company is expanding again, announcing Wednesday that it is also planning to begin directly buying houses from sellers in the Denver area.
Capital One is planning to lay off 286 employees from its Plano, Texas, campus as it continues to close its mortgage lending and home equity operations. According to the Dallas Business Journal, the exit is a result of the rising interest rate environment and high home prices freezing homebuyer demand.
Homebuyers desperately need some good news — a drop in interest rates, relief from climbing home prices or a significant wage increase, maybe all three — in order to turn the tide on falling mortgage applications.
The merger between Nationstar Mortgage, the nonbank now known as Mr. Cooper, and WMIH Corp., the former parent company of Washington Mutual, is now complete. The newly combined company will also lean hard into the Mr. Cooper brand, which Nationstar officially adopted last year and began moving toward way back in 2015.
Karin Comeaux
Compass Realty & Management
8880 W Sunset Rd, Ste 290
Las Vegas, NV 89148
(702) 328-4114
(702) 586-1616
