Sonar by Simplist blends AI to flatten mortgage operations
Sonar can be white-labeled for companies wanting to deliver their own solution to the market and can help smaller firms deliver a competitive software solution to tech-forward consumers
by Craig C. Rowe Sep 27
Homebuyer demand hardly budged as mortgage rates hit 2024 lows
While many homeowners rushed to refinance, affordability is keeping a damper on sales. Now mortgage rates are climbing again, with investors having already priced in last week's Fed rate cut
by Matt Carter Sep 25
Newrez parent company Rithm raising up to $391M in offering
Proceeds from sale of up to 34.5M shares, which hit a 52-week high on Sept. 19, to be used for corporate purposes that may include future acquisitions, investments or debt repayment
by Matt Carter Sep 25
Homebuyers get a break as big lenders redefine 'jumbo mortgage'
CrossCountry Mortgage joins Rocket, Pennymac, UWM and Rate in raising conforming loan limit above current $766,550 cap for Fannie Mae and Freddie Mac ahead of an official announcement
by Matt Carter Sep 24
There's another rewards card aimed at homeowners: Mesa
Austin, Texas-based startup won't have the space to itself, but strategic partner Visa and backers providing $7.2M in seed funding, led by Streamlined Ventures, like the company's odds
by Matt Carter Sep 24
Fall market preview: Rate cuts have finally arrived — is the recovery on?
It will take more than recent rate cuts for a recovery in home sales to gain traction, a new analysis of market data and economic forecasts suggests. Intel explores what's at stake for the fall market
by Daniel Houston Sep 23
2024 could be worst year for home sales since 1995: Fannie Mae
Falling mortgage rates should help boost home sales by nearly 10% next year. But in the meantime, inventory shortages and affordability challenges are keeping a lid on sales in many markets
by Matt Carter Sep 20
That big Fed rate cut was no panacea for housing: Fitch analysts
Fed easing was already priced into mortgage rates, but there's room for more relief if investors who fund most home loans get less skittish about prepayment risk and quantitative tightening
by Matt Carter Sep 19
OceanFirst Bank settles DOJ redlining allegations for $15M
Since launching an initiative to combat redlining in 2021, prosecutors at the Department of Justice have reached settlements with 13 mortgage lenders totaling more than $137M
by Matt Carter Sep 18
Fed begins rate-cutting campaign with reduction in federal funds rate
Central bank policymakers drop short-term rates by 1/2 percentage point and signal more cuts ahead, but much of the impact may have already been priced in to mortgage rates
by Matt Carter Sep 18
UWM and Rate join the $802K conforming loan limit party
With prices rising, it's becoming standard operating procedure for big lenders like Rocket to help homebuyers avoid jumbo loan pricing by getting a jump on FHFA's official announcement
by Matt Carter Sep 18
The long view: Take the Inman Intel Index survey for September
Opinion
A month into the NAR settlement era, the Inman Intel Index is tracking the impact on buyers, sellers, agents and brokerages. Add your voice to real estate's most ambitious monthly survey today
by Daniel Houston Sep 18
Pennymac joins Rocket in boosting conforming loan limit to $802,650
Lenders have gotten into the habit of helping some homebuyers avoid jumbo loans by raising their limits before an official announcement by Fannie Mae and Freddie Mac's federal regulator
by Matt Carter Sep 17
Mariah Carey has racked up $18.6M in mortgage debt
After buying a Tribeca penthouse for $9M cash in 1999, the pop star has borrowed millions in loans on the pad's equity in order to fund her lavish lifestyle that reportedly includes $45K dog spa days
by Lillian Dickerson Sep 17
Investors' expectations for big Fed rate cut rise on new data releases
Investors who fund most mortgages have already priced in several rate cuts, so further declines could depend on what next week's 'dot plot' says about expectations for the pace of future cuts
by Matt Carter Sep 13
Trump allies formulating plans to privatize Fannie and Freddie
A new 'Wall Street Journal' report reveals that talks about privatization have been taking place since the spring and have included Trump confidants Larry Kudlow and John McEntee
by Jim Dalrymple II Sep 13