Housing sentiment improves on hopes for lower mortgage rates
Consumer sentiment toward housing increased to the highest level in nearly 2 years in January, with a record number expecting mortgage rates to come down in the year ahead: Fannie Mae
by Matt Carter Feb 7
FNB of Pennsylvania to pay $13.5M to settle redlining allegations
FNB's 2017 acquisition of Yadkin Bank for $1.8B expanded its footprint into North Carolina, where the DOJ alleges it avoided providing mortgages to majority-Black and Hispanic communities
by Matt Carter Feb 6
Blowout January jobs report has mortgage rates surging again
Employers added 353,000 workers to their payrolls in January, a 'head scratching' jobs report from the Labor Department that kills prospects for a March rate cut 'stone dead,' economist says
by Matt Carter Feb 2
Let TikTok's favorite debt expert help skyrocket your credit score
Trainer Bernice Ross talks to popular TikTok credit expert Alisa Glutz to find out how you and your clients can optimize the potential of a credit profile for lower interest rates and better scores
by Bernice Ross Feb 2
Wholesaler Crescent Mortgage closing up shop at end of March
Sixty-five employees are slated to lose jobs when the Atlanta-based lender, licensed in 48 states, ceases operations on March 29, the company confirmed in a WARN Act filing with Georgia officials
by Matt Carter Feb 2
New American Funding acquires Draper and Kramer Mortgage
'Strategic move' expands New American's footprint in the Midwest and East Coast regions, with DKMC brand to be retired but a majority of loan originators and support staff being retained
by Matt Carter Feb 1
Fed policymakers want more data, dash hopes of March rate cut
Chair Jerome Powell says a rate cut at the central bank's next meeting is not 'the base case,' with policymakers wanting to see more data showing inflation is on a sustainable path down to 2%
by Matt Carter Jan 31
Applications for purchase loans sag for first time in 2024
Firming up of mortgage rates finally catches up with homebuyer demand, with applications for purchase loans falling by a seasonally adjusted 11% last week, MBA survey shows
by Matt Carter Jan 31
Chase Home Lending increases homebuyer grant to $7,500
Chase has increased its grant to $7,500 in 8,500 of the 15,000 communities in within its homebuyer grant program. The bank also removed the income requirement for its 3% down DreaMaker mortgage
by Marian McPherson Jan 31
Assumable loan platform Roam offers seller closing guarantee
If it takes longer than 60 days from the time an offer is accepted until close of escrow, Roam will make the homeseller's mortgage payments for up 60 days after the scheduled closing date
by Matt Carter Jan 31
Shares in Mr. Cooper at all-time high as servicing portfolio hits $1T
Moody's Investors Service upgrades credit rating of 'powerhouse in mortgage servicing' as it restructures some of the debt it's used to fund growth by issuing $1B in unsecured notes at 7.125%
by Matt Carter Jan 30
ICE signs Raymond James Bank to use Encompass mortgage platform
In announcing the second Encompass deal this month, ICE cites investments in mortgage technology and data that automate and accelerate the lending process from start to finish
by Matt Carter Jan 30
Does your 'date-the-rate' advice constitute deceptive advertising?
CEO and new Inman contributor Jillayne Schlicke explains how common phrases around financing and interest rates can land you and your business in hot water
by Jillayne Schlicke Jan 30
Inventory problems to stick around for a 'very long time'
Shant Banosian of Guaranteed Rate told Inman Connect New York attendees Thursday that a seller's market is likely to persist for years
by Jim Dalrymple II Jan 25
In mortgage and finance, high rates are 'a little bit of a blessing'
Wednesday's panel at ICNY 2024 says a high interest rate environment will continue driving innovation in the mortgage and finance sector
by Taylor Anderson Jan 24
Personal data of 16.6M loanDepot customers exposed
The mortgage lender has restored websites that collect payments, accept loan applications and match homebuyers with partner real estate agents after Jan. 4 cyberattack
by Matt Carter Jan 24