July’s home sale gains are a sign activity might have reached a plateau. Processing Content Closed home sales surged 7% year-over-year in July, marking the strongest annual gain seen so far this year. Total closed sales reached 382,898 homes, according to Zillow’s July Market report. “July was a strong month for existing home sales, but […]
Strong home sales mask impending slowdown for originators Read More »
Rates on the conforming 30-year fixed mortgage increased 3 basis points this past week and are now higher on a year-over-year basis, as inflation remains front and center in the minds of investors. Processing Content The latest rates have moved closer to their July 2025 level at over 6.7%, although still below the 7% peak
Mortgage rates keep rising, nearing last July’s peak Read More »
Onity Group’s servicing and lending businesses benefited in the second quarter from higher rates and seasonal homebuying, respectively, but the company reported a loss on nonrecurring negative fair value changes and portfolio restructuring. Processing Content The company recorded a $13 million net loss to common shareholders but taking out those negative items had adjusted pre-tax
Onity’s 2Q revenues jump, other costs tip scales to a loss Read More »