At Inman Connect Las Vegas, July 30-Aug. 1 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. After holding steady for two weeks, mortgage rates look poised to resume a pullback from 2024 highs, after the Federal Reserve’s preferred measure
Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $19.63, but opened at $17.64. Blackstone Mortgage Trust shares last traded at $17.59, with a volume of 2,329,629 shares traded. Analysts Set New Price Targets Several analysts have recently commented
Bettendorf, July 26, 2024 (GLOBE NEWSWIRE) — Bettendorf, Iowa – John Cornish, a seasoned mortgage lender, has introduced a new program aimed at offering thorough mortgage support to both homebuyers and current homeowners. This initiative seeks to simplify the mortgage process, making it more accessible and less confusing for those trying to secure their financial
John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB – Get Free Report) was up 0.1% during mid-day trading on Tuesday . The stock traded as high as $21.78 and last traded at $21.75. Approximately 4,063 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 8,220 shares. The stock had previously
A game-changer is underway. Even the NAR concedes this “shift from a seller’s market to a buyer’s market.” By Wolf Richter for WOLF STREET. Mortgage rates have dropped to about 6.8%, down by a full percentage point from October last year, and yet sales of existing homes have plunged, and vacant homes for sale are coming out of
Wood Markets News Share of Mortgage Loans in Forbearance Increases in June—First Upward Movement Since October 2022 End Use Posted on July 23, 2024 According to the Mortgage Bankers Association’s (MBA) new Loan Monitoring Survey (LMS) released on Tuesday, the total number of loans in forbearance as of June 30th increased to 0.23% of servicers’
By now you’ve heard the news. President Biden dropped out of the 2024 presidential race and paved the way for current VP Kamala Harris to run in his place. That was big news that shook up the election overnight, and now there is a renewed focus on Harris, including her financial disclosures. The WSJ ran
WESTLAKE VILLAGE, Calif., July 23, 2024–(BUSINESS WIRE)–PennyMac Mortgage Investment Trust (NYSE: PMT) today reported net income attributable to common shareholders of $15.0 million, or $0.17 per common share on a diluted basis for the second quarter of 2024, on net investment income of $71.2 million. PMT previously announced a cash dividend for the second quarter
At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. Some of homeownership’s largest hidden costs, including property taxes and homeowners insurance, are the biggest factors contributing to a growing number of mortgage delinquencies,
The only dull part of Kamala Harris’s life right now may be her investment portfolio. The only dull part of Kamala Harris’s life right now may be her investment portfolio. The vice president and her husband, Doug Emhoff, are fairly conservative investors, federal disclosure records show. They keep much of their money in plain-vanilla index