by mdibrino@hqmloans.com | Nov 7, 2022 | Uncategorized
According to its report, UWM ended Q3 with a net income of $325.6 million, a sequential improvement of 51.2% from $215.4 million in the previous quarter and a year-to-date gain of roughly $1 billion. For comparison, Rocket generated a small profit of $96 million in...
by mdibrino@hqmloans.com | Nov 7, 2022 | Uncategorized
“Wage growth, as measured by average hourly earnings, decelerated to a 4.73% year-over-year rate, compared to 4.98% in September. This was the slowest rate of growth since August 2021,” Kan noted. “The easing in wage growth might help reduce some inflationary...
by mdibrino@hqmloans.com | Nov 7, 2022 | Uncategorized
It typically took buyers 10 weeks to search for a home, up from eight weeks in 2020 and 2021. Additionally, homebuyers purchased their homes for 100% of the asking price, with 28% purchasing for more than the asking price. Read more: Homebuyer affordability took huge...
by mdibrino@hqmloans.com | Nov 7, 2022 | Uncategorized
“We’re dedicated to providing the best financing, experience and technology in the industry, and we need a diverse group of Levers to help us deliver on that. I’m confident we’ll be able to only accelerate from here.” Read next: CRE...
by mdibrino@hqmloans.com | Nov 7, 2022 | Uncategorized
Demand is on the rise due in part to shifts in demographics, with millennials in their prime years for buying homes. Additionally, the increase in remote work on the back of the COVID-19 pandemic has allowed more people, and particularly young people looking for more...
