Fannie and Freddie get green light to buy $1M mortgages
The big run-up in home prices may have cooled, but the 2023 conforming loan limit will be increased by 12% to $726,200 in most parts of the country
by Matt Carter Nov 29
Mortgage demand up for 3rd week in a row as rates continue to ease
Economists forecast mortgage rates will continue to fall as Federal Reserve minutes suggest policymakers are preparing to wind down an aggressive campaign to fight inflation
by Matt Carter Nov 23
Fidelity paying Black Knight $225M to bring TitlePoint back into the fold
With ICE's acquisition of Black Knight pending, title insurer exercises right to buy back title search and order management solution under terms of 2014 agreement
by Matt Carter Nov 23
Fannie Mae economists see home sales bottoming next year
Sales expected to drop to lowest level since 2008, and the growing lock-in effect — the financial disincentive to sell — 'will remain in a way that has not occurred in over 40 years,' economists say
by Matt Carter Nov 21
First American's PRISM platform evolving beyond title insurance
After paymints.io deal, First American is evaluating additional third-party integrations to simplify transactions from point of sale to handing over the keys
by Matt Carter Nov 18
Surveys reveal why some buyers don't shop for a mortgage
Shopping around can save thousands of dollars, but 1 in 3 prospective homebuyers only get a quote from one lender, Fannie Mae surveys show
by Matt Carter Nov 18
Carrington grudgingly signs off on $5.25M COVID-19 relief settlement
CFPB alleges some homeowners who sought forbearance during the pandemic were charged improper late fees and weren't fully informed of their options
by Matt Carter Nov 17
Homebuyer demand picks up again as mortgage rates retreat below 7%
While purchase loan applications were up 4% week over week, there's still 'very little refinance incentive with rates so much higher than last year,' MBA forecaster says
by Matt Carter Nov 16
The Agency expands to include mortgage and other services
Luxury brokerage The Agency announced national partnerships Friday with CrossCountry Mortgage, Choice Home Warranty and home inspection provider Pillar to Post
by Matt Carter Nov 15
Nations Lending launches mortgage alliance with Carpenter Realtors
After announcing new branch openings and executive hires this year, Nations Lending is seeking to grow by forming a joint venture with an Indiana brokerage that employs more than 600 agents
by Matt Carter Nov 15
Ribbon suspends cash offer service, working on new tools for spring
The New York-based power buyer had been purchasing homes on behalf of RibbonCash clients who were unable to close a deal with their own financing
by Matt Carter Nov 11
Blend announces more layoffs as cumulative losses surpass $1B
The mortgage tech and title provider posted a $132.7M net loss in the third quarter of 2022, with revenue falling 38% from a year ago to $55.3M, according to an earnings call Thursday
by Matt Carter Nov 11
Mortgage rates tumble on signs that inflation is easing
Rates for several types of mortgages fell more than half a percentage point Thursday, with 30-year fixed-rate mortgages averaging 6.62%
by Matt Carter Nov 10
Survey: Mortgage lenders missing chance to build trust with borrowers
JD Power warns that the mortgage customer experience is increasingly commoditized, with few lenders finding the right formula to be seen as trusted advisers
by Matt Carter Nov 10
Black Knight signs another credit union as Empower client
San Diego-based BluPeak is the 9th credit union Black Knight has signed to use its mortgage loan origination system in the last 12 months
by Matt Carter Nov 9
Demand for purchase loans up slightly for first time in 7 weeks
Purchase loan applications rose 1% last week despite latest Fed rate hike, but homebuyer demand for mortgages remained close to 2015 lows, according to the Mortgage Bankers Association
by Matt Carter Nov 9