Higher mortgage rates and related affordability challenges are putting the squeeze on homeowners who have fallen behind on their mortgage payments, but foreclosure activity took a step back in August. According to the monthly foreclosure report from Attom, foreclosure filings fell 5.3% compared to July and completed foreclosures dropped by 12%. A total of 30,227…
"September 2024" Archives
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Global investment firm Atlas Merchant Capital and Florida-based lender A&D Mortgage have announced a joint venture (JV) to expand A&D’s $7 billion mortgage securitization platform. The JV, which will draw from a combination of internal and third-party capital sources, will purchase mortgages originated and serviced by A&D and other lenders. The goal of the JV…
The federal government is launching a campaign on Zillow to help provide housing counseling services to more Americans. The Department of U.S. Department of Housing and Urban Development (HUD) on Tuesday also will publish a new final rule in the Federal Register to expand accepted communication methods for counseling clients. Zillow advertising partnership Zillow is…
The biggest single risk for the Fed is to do ‘too much too quickly,’ says Atlas Merchant Capital CEO
Bob Diamond, Atlas Merchant Capital CEO and former Barclays CEO, joins ‘Squawk on the Street’ to discuss his expectations for rate cuts, a possible turnaround in the mortgage market, and more.