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  • second-largest-us-mortgage-lender-uwm-dumps-bitcoin-payment-plans
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    Second-largest US mortgage lender UWM dumps Bitcoin payment plans

    United Wholesale Mortgage had previously announced plans to test Bitcoin and Ether for mortgage payments in August. United Wholesale Mortgage (UWM), one of the largest wholesale and purchase lenders in the United States, is ditching Bitcoin (BTC) payments plans after running a test.UWM officially announced Thursday that the company has successfully conducted its first-ever cryptocurrency… More

  • second-largest-us.-mortgage-lender-ditches-its-plan-to-accept-payments-in-bitcoin
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    Second-largest U.S. mortgage lender ditches its plan to accept payments in bitcoin

    U.S. homebuyers apparently aren’t all that interested in paying their mortgages in cryptocurrencies like bitcoin.United Wholesale Mortgage, which made its public debut in January via a special purpose acquisition (SPAC) merger, began piloting crypto payments in August in a first for the industry. But CEO Mat Ishbia now tells CNBC that after testing it out, the company… More

  • weekly-mortgage-demand-stalls,-as-rates-jump-to-highest-level-since-june
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    Weekly mortgage demand stalls, as rates jump to highest level since June

    Prospective homebuyers view a kitchen while touring a house for sale in Helotes, Texas.Matthew Busch | Bloomberg | Getty ImagesMortgage rates continued their trudge higher last week, leaving most homeowners with little to no incentive to refinance. Homebuyers, already battling a pricey market, lost more purchasing power due to those higher rates.The average contract interest… More

  • morgan-stanley-upgrades-china-property-to-‘attractive’-despite-default-fears
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    Morgan Stanley upgrades China property to ‘attractive’ despite default fears

    A pedestrian crosses a road in front of residential buildings in Beijing, China.Qilai Shen | Bloomberg | Getty ImagesMorgan Stanley has upgraded China’s property sector to “attractive,” even as worried investors are watching closely to see if debt-saddled Evergrande might default, and whether there will be contagion.The U.S. investment bank said it believes that policy… More

  • as-mortgage-rates-shoot-even-higher,-refinance-demand-plummets-10%
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    As mortgage rates shoot even higher, refinance demand plummets 10%

    A sharp jump in mortgage interest rates over the past few weeks is taking its toll on mortgage demand. Total application volume fell nearly 7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or… More

  • how-much-house-can-you-afford?-here’s-what-first-time-homebuyers-need-to-know
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    How much house can you afford? Here’s what first-time homebuyers need to know

    Alexandra Lashner of Bensalem, Pennsylvania, became frustrated after attempting to buy a house this year and decided to postpone homeownership.Source: Alexandra LashnerAlexandra Lashner and her husband were excited to buy their first home earlier this year.They saved up enough for a 20% down payment and had no credit card debt. Yet they still couldn’t find… More

  • chinese-developer-misses-bond-payment-as-stress-spreads-beyond-evergrande-crisis
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    Chinese developer misses bond payment as stress spreads beyond Evergrande crisis

    A pedestrian crosses a road in front of residential buildings in Beijing, China.Qilai Shen | Bloomberg | Getty ImagesOn the heels of Evergrande’s debt crisis, there are increasing signs of stress in China’s property market after one developer failed to make a bond payment on Tuesday.Ratings agencies have downgraded Chinese developers Fantasia Holdings and Sinic… More

  • mortgage-demand-falls-as-rates-rise-to-highest-level-since-july
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    Mortgage demand falls as rates rise to highest level since July

    Real estate agents arrive at a brokers tour showing a house for sale in San Rafael, California.Getty ImagesHigher interest rates took some recent wind out of the sails in the mortgage market.After gains the previous week, total mortgage application volume fell 1.1% last week from the previous week, according to the Mortgage Bankers Association’s seasonally… More

  • pending-home-sales-surged-more-than-expected-in-august-after-two-months-of-declines
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    Pending home sales surged more than expected in August after two months of declines

    Signed contracts to buy existing homes increased 8.1% month to month in August, according to the National Association of Realtors, as buyers encountered higher inventory and slightly more favorable prices.Analysts were expecting a 1% monthly rise. Signings were still down 8.3% compared with August 2020. August’s increase followed two months of declines, according to the NAR.These… More

  • airbnb-says-it-has-doubled-the-number-of-afghan-refugees-it-plans-to-temporarily-house
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    Airbnb says it has doubled the number of Afghan refugees it plans to temporarily house

    Airbnb CEO Brian Chesky attends the Cannes Lions on June 20, 2016, in Cannes, France.Richard Bord | Getty ImagesAirbnb announced Thursday that its fundraising arm is planning to provide temporary housing to an additional 20,000 Afghan refugees, bringing the total number up to 40,000. Last month, the charitable arm of the short-term lodging service pledged to… More

  • mortgage-market-is-unprepared-for-climate-risk,-says-industry-report
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    Mortgage market is unprepared for climate risk, says industry report

    Jenna Fountain carries a bucket down Regency Drive to try to recover items from their flooded home in Port Arthur, Texas, September 1, 2017.Emily Kask | AFP | Getty ImagesRecord-setting rain, floods and wildfires are examples of the rising risks to the U.S. housing market from climate change.Mortgage lenders and investors are woefully unprepared not… More

  • shares-of-chinese-estates-pop-as-much-as-15%-after-firm-signals-it-could-dump-entire-evergrande-stake
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    Shares of Chinese Estates pop as much as 15% after firm signals it could dump entire Evergrande stake

    A man drives a cart past apartment buildings at China Evergrande Group’s Life in Venice real estate and tourism development in Qidong, Jiangsu province, China, on Tuesday, Sept. 21, 2021.Qilai Shen | Bloomberg | Getty ImagesHong Kong-listed shares of investment holding firm Chinese Estates surged on Thursday after the firm announced plans to potentially dispose… More

  • existing-home-sales-fall-2%-as-first-time-buyers-are-priced-out
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    Existing home sales fall 2% as first-time buyers are priced out

    Sales of previously owned homes declined 2% in August from July to a seasonally adjusted annualized rate of 5.88 million units, according to the National Association of Realtors.Sales were 1.5% lower than August 2020 for the first annual decline in 14 months. Sales, however, are still above pre-pandemic levels.These numbers are a count of home… More

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