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Investor activity slows, still makes up 1 in 4 homes sold in US

Inman

New data from John Burns and Redfin shows that investor activity slowed toward the end of 2022 but still accounted for about a quarter of home sales. That's up from about 11 percent in 2001.

Investors 188
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After pausing in June, Fed hikes rates to highest level since 2001

Inman

Federal Reserve policymakers keep their options open for another rate hike in September, but futures markets investors and some economists think the Fed is probably done hiking rates.

Investors 114
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Mortgage applications fell another 0.8% last week

Housing Wire

Mortgage applications fell for the fourth consecutive week as the 30-year fixed-rate mortgage rose to its highest level since 2001, reaching 7.16%. As the next Fed meeting approaches, investors worry about another rate hike. For the week that ended August 11, mortgage applications fell 0.8%

Mortgage 369
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Guaranty Home Mortgage hires EVP to expand retail channel

Housing Wire

After being sold to frequent bank investor Gaylon Lawrence in January 2019, the business name changed to Guaranty Home Mortgage Corporation. His career also includes senior management roles at First Community Mortgage , Elite Mortgage Services and Ace Mortgage Funding since 2001. After posting production volume of $148.76

Retail 383
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Fed must signal that it’s at the end of its rate hikes: MBA

Housing Wire

These measures will provide the market with greater certainty about the future path of mortgage rates and the Fed’s plans for its MBS portfolio and reduce volatility for traders and investors, Broeksmit noted. to 5% – the highest level since 2001. The central bank currently holds about $2.6 The 10-year yield was at 4.72% on Oct.

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New Western taps new chief marketing officer

Housing Wire

The Texas firm has locations in more than 25 cities and connects with sellers more than 100,000 local investors looking to rehab houses, according to its website. It estimates there are about 3 million “aged properties” in the Chicago area alone, with almost 88% of them built before 2001.

Marketing 369
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Interfirst Mortgage raises $175 million

Housing Wire

Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. Interfirst was founded in 2001 as a retail originator but expanded to the wholesale channel in 2008 and the correspondent channel in 2011.

Mortgage 357