Purchase loan demand perks up as mortgage rates plateau
Uptick in loan requests is 'potentially a good sign for the spring home buying season, which has seen a slow start thus far' says MBA forecaster Joel Kan
by Matt Carter May 4
Shared equity platform Point to launch down payment product
With $115M in Series C funding, Point plans to be in 28 markets within a year
by Matt Carter May 3
Mr. Cooper lays off originators while mortgage servicing business booms
Sale of Xome subsidiary could be in the works as lenders boost foreclosure filings and auction platform's distressed property inventory swells to record levels
by Matt Carter May 3
'Caste' author: Sordid history of unfair housing cannot be left as-is
Author Isabel Wilkerson urged NAR midyear attendees at the Realtors Legislative Meeting to roll up their sleeves and fix the consequences of past racist policies without guilt, shame or blame
Housing affordability races toward levels not seen since 2006 bubble
If mortgage rates rise by another half a percentage point — or if home prices go up another 5% — affordability will hit the worst levels on record, Black Knight warned on Monday
by Matt Carter May 2
How an appraisal gap guarantee can help you land a house
Opinion
In the current real estate market, buyers need to think outside the box to get a house they love. Here's how to head off issues with appraisals
by Bill Gassett May 2
Mortgage is emerging battleground to watch in 2022: Mike DelPrete
Opinion
Recent growth and contraction in the mortgage, iBuyer and Power Buyer space have resulted in a reshuffling of the largest businesses aiming to disrupt the industry
by Mike DelPrete Apr 29
Foreclosures drive 53% listings growth on auction site Hubzu
Site operator Altisource posts its first quarter of sequential revenue growth in nearly 3 years, according to a quarterly earnings call Thursday
by Matt Carter Apr 29
Most homebuyers ready to make an offer 3 days after showing: Survey
One-fifth of prospective homebuyers polled would also be willing to put in an offer immediately, according to Bank of America's annual Homebuyer Insights Report, released Thursday
by Matt Carter Apr 28
Better shed nearly 60% of employees and posted $304M loss in 2021. But IPO still in cards, SEC filings show
New documents filed Monday with the US Securities and Exchange Commission shed new light on just how bad the past 18 months have been for the online mortgage lender
by Taylor Anderson Apr 28
Rocket and Wells Fargo eye buyouts and layoffs in face of rising rates
Rocket Mortgage and Amrock, Rocket’s title and settlement company, are offering buyouts to 8% of its workforce while Wells Fargo confirmed with Inman that it laid off employees last week
by Matt Carter Apr 28
Orchard open for business in Phoenix, Portland and Seattle
The Power Buyer has doubled its geographic footprint since its $100M Series D round and now has a presence in 13 markets
by Matt Carter Apr 27
HomePace to launch homebuyer solution with backing from Lennar
With $7M in Series A funding, the shared equity startup will launch a homebuyer solution that allows buyers to double their down payments
by Matt Carter Apr 27
Mortgage rates climb to highest level since 2009
Demand for purchase mortgages was down 17 percent last week compared to the same time a year ago, according to a weekly survey of lenders by the Mortgage Bankers Association on Wednesday
by Matt Carter Apr 27
LoanDepot founder Anthony Hsieh hands CEO reins to Frank Martell
Former CoreLogic CEO Frank Martell will oversee daily operations, while Hsieh will take on 'holistic strategic role' as executive chairman
by Matt Carter Apr 26
Bidding wars dip for first time in 2022 — but competition still fierce
New data from Redfin shows the market in March was slightly less brutal than one month prior
by Jim Dalrymple II Apr 25