Mortgage rates overtake inventory as biggest worry for agents: Triple-I
After exceeding 8% in October, rising mortgage rates overtook 'lack of housing inventory' as the top concern for real estate agents, according to the latest monthly Inman Intel Index results.
by Chris LeBarton Nov 21
Have a take on today's market, or what's to come in 2024? Inman Intel is listening!
Please add your voice to the Triple-I, the real estate industry's most ambitious monthly survey
by Chris LeBarton Nov 20
First-timers 'significantly' less satisfied with mortgage lenders
Homebuyers don't just want good rates. They want lenders to solve problems that will keep them from getting to the closing table, annual JD Power mortgage customer satisfaction survey finds
by Matt Carter Nov 16
Mortgage rates post biggest 1-day drop since onset of the pandemic
Tuesday's big drop in rates followed an encouraging inflation report, with bond market investors now convinced the Federal Reserve is done hiking rates and may reverse course in the spring
by Matt Carter Nov 15
Mat Ishbia
The article alleges UWM CEO and Phoenix Suns owner is 'charting a risky path in both business and sports' but the Ishbia family is raking in the profits even when the company is losing money
by Matt Carter Nov 15
Ally Financial partners with HouseCanary to grow mortgage
Co-branded ComeHome solution on Ally's website provides would-be homebuyers with access to listings and loan options and encourage homeowners to explore refinancing
by Matt Carter Nov 15
After downsizing, Better says it has cash to weather $340M Q3 net loss
A $565M influx of cash from an August SPAC merger and a $1B reduction in annual expenses puts Better on a footing to navigate a challenging market, executives say on first earnings call
by Matt Carter Nov 14
Fathom Realty founder Josh Harley steps down as chairman and CEO
'Door open' to Harley's return after he relinquishes leadership roles, citing family reasons. Longtime CFO Marco Fregenal is new CEO and independent director Scott Flanders is chair
by Matt Carter Nov 13
Mortgage rates inch back up after Powell warns Fed could hike again
Speaking at an IMF research conference, Powell said the Fed is committed to raising rates as high as needed to bring inflation down, and 'we are not confident that we have achieved such a stance'
by Matt Carter Nov 13
Better partners with Infosys to power mortgages for other lenders
Better, which has had a strategic partnership with Ally Bank since 2019, is looking to partner with more lenders by launching a white-labeled 'mortgage-as-a-service' platform with Infosys
by Matt Carter Nov 10
Mr. Cooper back online after 'precautionary' 4-day shutdown
More than 4M homeowners send their mortgage payments to Mr. Cooper, but it's unclear how many had their data exposed as the company continues to investigate security breach
by Matt Carter Nov 9
Tough times for mortgage lenders? UWM hired 1,000 employees in Q3
While others are downsizing, the nation's biggest mortgage lender is investing in new technology and hiring new team members to be prepared if mortgage rates come down and business booms
by Matt Carter Nov 8
Exclusive Survey: 95% would pay a buyer agent under right conditions
A majority of potential buyers say they're open to paying their agents in the wake of legal threats to commissions, according to results from a joint survey conducted by Inman with Dig Insights
by Chris LeBarton Nov 8
Homebuyers respond to biggest drop in mortgage rates this year
Purchase mortgage applications trended up last week for the first time in a month as mortgage rates retreated from 2023 highs, according to the MBA's weekly survey of lenders
by Matt Carter Nov 8
LoanDepot warns more layoffs are coming — but on a smaller scale
With headwinds in sight for 2024, loanDepot plans to slash $120M in annual expenses following 3 consecutive quarters of cuts, CEO Frank Martell said during a Q3 earnings call Tuesday afternoon
by Matt Carter Nov 8
The job description of a loan officer has changed
According to mortgage industry expert Matt Muscat, changes in the mortgage industry and in the financial landscape have made the job of loan officer more important and challenging than ever
by Matt Muscat Nov 8