A HomeStreet Inc. division is shedding Ginnie Mae mortgage servicing rights ahead of the parent company’s merger with Mechanics Bank, which has not been active as an MSR investor. The Seattle-based HomeStreet Bank has agreed to sell the portfolio on Aug. 1. It had a principal balance of $794 million as of June 30. The […]
HomeStreet selling nearly $800 million in Ginnie servicing Read More »
Opendoor Technologies jumped 120% on Monday, extending its gravity-defying rally from last week, as investors continued to pile into the stock that has found a sudden fandom among retail traders and social-media platforms. The stock’s triple-digit surge sent shares of the Tempe, Arizona-based company soaring to $4.97, well-above the $1 level it was bouncing around
Opendoor shares jump as traders flock to newest meme stock Read More »
A new bill proposed in Congress would make it easier for homeowners to build accessory dwelling units on their properties, a step supporters say will help alleviate the nation’s housing affordability crisis. The legislation, called the SUPPLY Act, aims to expand access to second mortgages for homeowners who want to build an ADU by making
Bill to expand ADU financing introduced in Congress Read More »