CrossCountry Mortgage joins Rocket, Pennymac, UWM and Rate in raising conforming loan limit above current $766,550 cap for Fannie Mae and Freddie Mac ahead of an official announcement
Austin, Texas-based startup won't have the space to itself, but strategic partner Visa and backers providing $7.2M in seed funding, led by Streamlined Ventures, like the company's odds
Falling mortgage rates should help boost home sales by nearly 10% next year. But in the meantime, inventory shortages and affordability challenges are keeping a lid on sales in many markets
Fed easing was already priced into mortgage rates, but there's room for more relief if investors who fund most home loans get less skittish about prepayment risk and quantitative tightening
Since launching an initiative to combat redlining in 2021, prosecutors at the Department of Justice have reached settlements with 13 mortgage lenders totaling more than $137M
Central bank policymakers drop short-term rates by 1/2 percentage point and signal more cuts ahead, but much of the impact may have already been priced in to mortgage rates
With prices rising, it's becoming standard operating procedure for big lenders like Rocket to help homebuyers avoid jumbo loan pricing by getting a jump on FHFA's official announcement
Lenders have gotten into the habit of helping some homebuyers avoid jumbo loans by raising their limits before an official announcement by Fannie Mae and Freddie Mac's federal regulator
Investors who fund most mortgages have already priced in several rate cuts, so further declines could depend on what next week's 'dot plot' says about expectations for the pace of future cuts
Rocket will treat loans of up to $802,650 as conforming ahead of expected increase. Last year UWM and Rate also got a jump on the official announcement by Fannie and Freddie's regulator
DHI Mortgage, Rate and CrossCountry Mortgage ranked as biggest employers of top-producing Latino mortgage originators by the National Association of Hispanic Real Estate Professionals
A surprisingly large increase in core CPI, which excludes volatile food and energy prices, means Fed policymakers are likely to start out with a modest 25 basis-point rate cut next week
New funding will allow Polly's product and engineering teams to double down on new product innovation, including a new AI platform that was recently in closed beta testing
With former JP Morgan Chase Director Priscilla Almodovar serving as Fannie Mae's CEO since 2022, both mortgage giants are now led by women for the first time in history
Fannie Mae's National Housing Survey shows there's greater optimism about the future, but fewer than 1 in 5 consumers thought August was a good time to buy a home
Since hitting a June 21 low of $1.33, shares in the flat-fee real estate brokerage are up 125% as the company continues to add agents and pursue plans to expand operations to all 50 states
August payroll report includes 'huge downward revisions' to previous estimates of June and July job growth, renewing recession worries and prospects for aggressive Fed rate cuts
Royal Bank of Canada subsidiary now offering grants of up to $50K in minority census tracts in the metro LA market as part of larger initiative to boost lending in underserved communities
Bond market investors who fund most mortgages are already certain the Fed will slash rates this month. The question has become how much will policymakers cut on Sept. 18, Nov. 7 and Dec. 18?
If mortgage rates fall by another percentage point, ICE Mortgage sees homebuyers' monthly payment dropping by $236 and nearly 7.2 million homeowners 'in the money' for a refinance
