Mortgage demand hits lowest level in 25 years as rates keep rising
With a Fed meeting looming next week, rates on 30-year fixed-rate mortgages have surged well past the 7% threshold, a Mortgage Bankers Association survey released Wednesday shows
by Matt Carter Oct 26
Is Divvy Homes actually helping renters become homeowners?
Fast Company claims Divvy charges higher rents than other landlords in some markets, drags its feet on maintenance and has stepped up evictions of clients
by Matt Carter Oct 25
Fannie, Freddie ordered to slash fees for many first-time homebuyers
Regulators order mortgage giants to eliminate upfront fees on many purchase loans in order to help first-time homebuyers of limited means, the Federal Housing Finance Agency said Monday
by Matt Carter Oct 25
Regret, reduce, relocate: The 6 biggest US luxury trends of 2022
Amid a persistent uptick in interest rates, lingering inflation and economic uncertainty, luxury homebuyers are changing habits ever so slightly. Coldwell Banker notes 6 big trends to watch
by Lillian Dickerson Oct 24
Mortgage rates punch through 7% but may pause for Fed clues
Several Fed policymakers have hinted that they'd be open to a smaller increase in short-term rates in December if there are signs that inflation is starting to ease
by Matt Carter Oct 21
First Community Mortgage announces 'major' expansion
FCM lures talent from PrimeLending and invests in technology and diversity to fuel growth as mortgage rates force many lenders to downsize
by Matt Carter Oct 20
Rocket courts correspondent lenders with tech tools
New branded client portal lets homebuyers apply for loans, review documents and e-sign disclosures and closing documents
by Matt Carter Oct 19
Mortgage database created to track bad actors now a recruiting tool
Unique IDs created by Nationwide Multistate Licensing System can reveal competitors' loan originations by product, loan amount, geography and loan officer
by Matt Carter Oct 19
Mortgage demand hits lowest level since 1997 as rates continue to rise
Thirty-year, fixed-rate loans hit 6.982% on Oct. 13, a new 2022 high, according to an Optimal Blue Mortgage Market index. According to an index by Mortgage News Daily, rates were at 7.15%
by Matt Carter Oct 19
Insurance industry veteran re-ups for another 3 years as Stewart CEO
Fred Eppinger who is credited with generating 'record-setting growth and success' earned $5.15M in total 2021 compensation, the company said
by Matt Carter Oct 18
CredEvolv coaches homebuyers to help them qualify for mortgages
Integration with Freddie Mac's HomeCoach tool lets housing counselors access automated underwriting tools used by mortgage lenders
by Matt Carter Oct 18
Heading off surprises helps keep deals on track as rates rise
Power buyers and mortgage lenders are providing certainty to homebuyers and sellers, industry leaders said at Inman Connect on Tuesday
by Matt Carter Oct 18
Rent-to-own startup Landis raises $40M from Google, Jay-Z and NAR
The new Series B funding will go toward boosting the company's homeownership coaching program, growing its team and expanding to new markets
by Andrea V. Brambila Oct 18
Industry groups renew push for lower FHA mortgage premiums
Black Homeownership Collaborative also asks HUD to ditch a 'life of loan' requirement that forces homeowners to continue paying mortgage insurance premiums in perpetuity
by Matt Carter Oct 17
Mortgage tech provider Lender Price partners with NEXA Mortgage
The deal is the second Lender Price has announced this week to provide broader access to its marketplace product, pricing and eligibility engine
by Matt Carter Oct 13
For the first time, Fannie Mae now expects home prices to fall next year
Economists at Fannie Mae project national home prices to decline by 1.5% and home sales by 21% in 2023 as Fed continues inflation fight
by Matt Carter Oct 12