Mortgage demand drops to 22-year low as rates rebound: MBA survey
As Fed embarks on 'quantitative tightening' to trim $9 trillion balance sheet, interest rates could come under renewed pressure
by Matt Carter Jun 8
Ribbon partners with Coldwell Banker Heritage for Ohio launch
Ohio is the sixth new state the New York-based Power Buyer has added this year, giving it a presence in 13 states
by Matt Carter Jun 8
The most important mortgage column you may ever read
Opinion
An “All-In-One-Mortgage” combines bank account, mortgage, and equity line of credit into a single product that lets you pay off your mortgage up to 18 years sooner
by Bernice Ross Jun 8
Here are the craziest ways you've kept a transaction together: Pulse
This week, we asked: What's the wackiest thing you've had to do to get a deal done? You answered with some doozies
by Inman Jun 8
Power Buyer Knock revamps board of directors
Representative of NAR's venture capital arm, Second Century Ventures, will serve as an observer on Knock's board
by Matt Carter Jun 7
Loan servicing giant Mr. Cooper lays off another 420 workers
Investors warned of 'break even' second quarter as rising mortgage rates put a bigger-than-expected dent in loan originations
by Matt Carter Jun 3
Amid market jolt, hiring continues in residential development sector
Employers added 16,700 residential construction jobs in May on a seasonally adjusted basis, nearly doubling the national rate of job growth, according to new Department of Labor figures
by Daniel Houston Jun 3
A full list of real estate companies making layoffs in 2022 and 2023
While real estate industry layoffs largely began with companies that provide mortgages and mortgage-related services, everyone from Adwerx to Zumper has been impacted by the downturn
by Matt Carter Jun 3
Opendoor aims for 2-minute pre-approvals with new app
The new app combs through data and comes up with a maximum price a consumer should be able to afford. Opendoor believes the process will be faster and easier for consumers than traditional pre-approvals
by Jim Dalrymple II Jun 2
Zombie foreclosures post 1st increase since moratorium's end
The number of vacant properties going through the foreclosure process is up once again to just over 7,500 in Q2, according to Attom Data Solutions, even as fewer total properties lie vacant
by Daniel Houston Jun 1
Mortgage rates trend up again: Investors weigh Fed's next moves
Aggregate demand for mortgages, both purchase and refinancing, at lowest level since December 2018, as bottom falls out of refinancing market
by Matt Carter Jun 1
You told us how your buyers are funding their purchases right now: Pulse
Opinion
This week, you shared the ways that your clients are funding their purchases, especially in the face of higher home prices and interest rates
by Inman Jun 1
Tomo cuts almost 1/3 of workforce, dials back expansion plans
Cuts were from the impact of the recent shift in the mortgage and venture capital markets due to the rapid increase in interest rates, according to Tomo CEO and Co-Founder Greg Schwartz
by Matt Carter May 31
Equifax 'coding issue' possibly skews thousands of mortgage credit scores
The 'coding issue’ reportedly affecting about 12 percent of credit scores calculated from March 16 to April 6, 2022, has been corrected, according to the company.
by Matt Carter May 31
Backed with $10M, Buyside rebrands as Percy, expands into mortgage
Rebranding and strategic alliance with Black Knight, reflect data analytics and marketing company's ability to identify not only homebuyer, but seller leads
by Matt Carter May 31
Sellers are reducing asking prices. But don’t expect house prices to drop, economist says
Affordability challenges mean some sellers are reducing asking prices, but demand for homes continues to outpace supply, says First American Chief Economist Mark Fleming
by Matt Carter May 27