Data points to another mortgage boom if rates continue to tumble
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
by Matt Carter Sep 4
Unlock set to expand product set, footprint with $30M Series B
Strategic partnership with D2 Asset Management will help the shared equity pioneer go nationwide, after signing home equity agreements with more than 10K homeowners in 16 states
by Matt Carter Sep 4
Dan Sogorka tapped to grow Rocket's wholesale channel
In a newly created role at Rocket Pro TPO, the former Sagent CEO is tasked with winning more business from mortgage brokers by leveraging Rocket's data, technology and AI capabilities
by Matt Carter Sep 3
July inflation reading trims the odds of a big September rate cut
PCE price index shows inflation continued to cool in July, but at a gentle enough pace that Fed policymakers are now seen as likely to only bring rates down by a hair in September
by Matt Carter Aug 30
DC-area title companies settle agent steering scheme with AG
DC Attorney General Brian Schwalb found that 4 title companies gave financial and other perks to real estate agents in return for homebuyer referrals. The companies have agreed to pay $3M
by Lillian Dickerson Aug 29
Homebuyers still waiting for more listings and lower mortgage rates
The Fed doesn't have direct control over mortgage rates, but they've come down dramatically as investors are convinced policymakers will cut rates at their 3 remaining 2024 meetings
by Matt Carter Aug 28
Mortgage a tough nut to crack for technology provider nCino
Shares in the cloud banking solutions developer are down 14% after it says that mortgage tech business acquired for nearly $1B has been a drag on growth but is expected to pick up
by Matt Carter Aug 28
Mortgage brokers warned of warehouse lending scammers
Victims have been cheated out of hundreds of thousands of dollars overnight, with imposters also gaining access to borrowers' sensitive personal information, California regulators say
by Matt Carter Aug 28
Calque unveils 'light' version of its 'buy before you sell' offering
Touted as faster and more affordable, Calque's new 'Contingency Buster' product is tailored to homeowners who don't need to tap their equity when buying their next home, executives say
by Matt Carter Aug 27
Borrowers clash on how far rates need to fall before they're 'Golden'
How low do rates need to go to reinvigorate the housing market? Buyer and seller responses vary in the latest Inman-Dig Insights consumer survey, suggesting its contours are still being shaped
by Daniel Houston Aug 27
Rocket funding 2-year rate buydowns for low-income buyers
Lender creates and funds an escrow account that's used to cover the difference between the full monthly mortgage payment and the payment with the reduced rate until the buydown expires
by Matt Carter Aug 27
HomeLight lands $20M, adds 40 new 'Buy Before You Sell' states
HomeLight is now partnered with more than 10K loan officers and 28K real estate agents to offer Buy Before You Sell everywhere but Alaska, Massachusetts, New York and Rhode Island
by Matt Carter Aug 26
Investors now certain Fed will cut in September. But by how much?
Falling mortgage rates have more homeowners interested in refinancing, but homebuyers are largely staying on the sidelines. Rates may now be poised for a bigger drop
by Matt Carter Aug 21
It will take time for falling rates to translate into sales: Fannie Mae
Affordability challenges will limit growth in home sales to 0.5% this year — to just 4.78M — before surging to 5.19M in 2025, according to the latest housing forecast from Fannie Mae economists
by Matt Carter Aug 21
Doma grows revenue, cuts Q2 losses on eve of going private again
Title tech provider boosts revenue by 18%, halves EBITDA loss to $3M as $85M merger with Dallas, Texas-based title insurance underwriter Title Resources Group to close later this year
by Matt Carter Aug 21
Mortgage banks notch profit on loans for first time in 8 quarters
The average loan balance for first mortgages rose from $345,761 in Q1 to $356,993 in Q2, the Mortgage Bankers Association reported
by Taylor Anderson Aug 21