Mortgage rate dip a welcome reprieve, but more industry consolidation is ahead: Piper Sandler

Mortgage rates have pulled back in recent weeks giving consumers and loan originators some breathing room, but headwinds in the industry are far from over.The decline in the 10-year Treasury yield and agency mortgage-backed securities (MBS) yields — due to a soft jobs report in late October — led to
Read MoreHas your banking partner come of age?

HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank, Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve.HousingWire: Has the banking crisis earlier
Read MoreGary Keller accused of embezzlement in updated racketeering lawsuit complaint

Nearly three months after filing an initial complaint accusing Gary Keller and Keller Williams of inflating key profitability metrics including company sales and profits to convince individuals to purchase Keller Williams Regions and Market Centers, John Davis has made tweaks to his lawsuit.In his i
Read MoreNew home sales disappoint in October, prices fall

New home sales fell on a month-over-month basis in October, but continued to outpace last year’s levels. Meanwhile, low supply and high mortgage rates continued to dampen existing home sales.In October, new home sales reached a seasonally adjusted annual rate of 679,000, according to data published
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