Move over, Gamestop — there’s a new memestock in town. The equity price of iBuyer pioneer Opendoor has surged of late, and it appears entirely driven by Reddit’s infamous Wall Street Bets subreddit and other social media platforms. As of Monday morning, Opendoor shares were trading for $3.31, a shocking 429% rise in just one […]

Mortgage rates didn’t move much on Monday, but they moved in the right direction with the average lender 0.03% lower for a top tier 30yr fixed scenario versus last Friday.  That makes this the 4th straight business day with a modest gain and it gets us back in line with the lowest rates since July

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