Home prices may be 'unhinged' from fundamentals, Fed analysts say
For months, the rise in home prices was in line with underlying indicators. Now, it may have gone too far, a Dallas Fed report suggests
by Daniel Houston Apr 1
New tools from Clear Capital facilitate desktop appraisals
Real estate agents and brokers approved by Clear Capital provide property information that supplements data from public sources, helping appraisers complete accurate desktop appraisals
by Matt Carter Mar 31
Home affordability erodes at fastest annual pace since 2004
Despite record-high prices, homes remain much more affordable for buyers than they were in 2006, but buying power has taken a big hit lately
by Daniel Houston Mar 30
Rising mortgage rates not deterring spring homebuyers
Purchase mortgage applications were up 1% during the week ending March 25
by Matt Carter Mar 30
Pennymac lays off 236 workers after upping tech, marketing investments
The layoffs come as Pennymac ups its investment in technology and marketing to help it do more business directly with consumers and mortgage brokers
by Matt Carter Mar 29
Realogy finalizes $210M Title Resources Guaranty deal
Realogy finalized the sale of Title Resources Guaranty to Centerbridge partners on Tuesday. The company will maintain a 30 percent stake in the company
by Marian McPherson Mar 29
California-based unicorn PandaDoc stands with Ukrainian employees
The company continues to pay its Ukrainian workers, including those who are engaged in the fight to defend their country, and is actively recruiting new talent
by Matt Carter Mar 25
Biden administration lays out bold plan to combat appraisal bias
Released Wednesday morning, the 5-point plan seeks to arm consumers with assistance, prevent algorithmic bias, cultivate a more diverse appraisal industry and leverage data for policymaking
by Ben Verde Mar 23
Rising mortgage rates take a toll on demand for FHA, VA loans
First-time homebuyers who rely on government mortgage programs are 'increasingly challenged' by rapid home price increases and higher mortgage rates
by Matt Carter Mar 23
Inflation warning sends mortgage rates soaring
Mortgages surged to 4.6% Monday, the highest since March 2019, after Fed Chair Jerome Powell said the war in Ukraine and supply disruptions could drive inflation beyond previous forecasts
by Matt Carter Mar 22
Referral app sends agents' clients to cofounder's mortgage company
Realfinity co-founder Erwin Robert Hirt's mortgage companies have been involved in litgation over loan officer compensation and suspected client data breach
by Matt Carter Mar 22
Tomo's $40M Series A more than doubles its valuation to $640M
With the addition of Michigan and Ohio, the purchase mortgage fintech is now in 7 states
by Matt Carter Mar 21
‘Modern-day redlining:’ Wells Fargo faces scrutiny over Black refi stats
The lender says credit scores, home appraisals and broader inequities in the U.S. economy explain the higher approval rates for white borrowers
by Matt Carter Mar 21
rental image
Rent rose sharply, but it didn’t keep up with the rapid increase in the price of a monthly mortgage, according to a Redfin report released Monday
by Taylor Anderson Mar 21
States getting COVID mortgage relief programs off the ground
Nearly 30 states have launched programs to distribute $9.961 billion in federal aid for households who are behind on their mortgages
by Matt Carter Mar 18
Rate hikes, Ukraine won't derail spring homebuying — necessarily
Rates remain low by historical standards and could retreat from recent highs. Lenders eager to make up for a precipitous drop in refinancings, meanwhile, are scrambling to win new business
by Matt Carter Mar 17