When billionaire Mat Ishbia’s mortgage company was facing significant losses on soured hedges earlier this year, he called old friends at Oaktree for help. Processing Content Oaktree Capital Management had helped out United Wholesale Mortgage after an unsuccessful hedge in 2020 before it went public, according to people familiar with the deal, the details of […]
Oaktree backs UWM with $1.5B Read More »
US mortgage rates rose to the highest level in more than two years, further weighing on a housing market already suppressed by elevated prices and sluggish sales. Processing Content The contract rate on a 30-year fixed mortgage rose 15 basis points to 7.12% in the week ended Sept. 18, according to Mortgage Bankers Association data
Mortgage rates surge above 7% to a more than two-year high Read More »
Today’s housing market splits into four distinct types. You’ve got cash buyers, buyers financing a purchase, owners who feel locked into a low rate, and builders with homes to sell. Which type you’re in changes how you should buy or sell. Ryan Serhant, CEO of SERHANT agrees: “There is no longer a housing market .
There Are 4 Types of Housing Markets Right Now. Which 1 Are You In? Read More »