As mortgage profits shrink, Rocket determined to grow market share
The nation's largest mortgage lender sees itself as a fintech platform that's out to unlock the lifetime value of its clients
by Matt Carter Feb 25
Mortgage payments shoot past their 2007 highs — and at faster pace
Rising home prices don't always mean higher monthly payments. But as the pandemic-era market wears on, buyers are increasingly feel the squeeze
by Daniel Houston Feb 25
How to beat iBuyers every time
Help clients sell on the open market, avoid giving away huge amounts of their equity to iBuyers and, if eligible, work with a Power Buyer to buy their next home before selling their current one
by Bernice Ross Feb 25
Fed may dial back pace of rate hikes over Ukraine uncertainty
Bond markets hold steady and oil prices retreat as the U.S. and its Western allies hold off sanctions targeting Russian oil and gas exports
by Matt Carter Feb 24
Pent-up demand could prop up home sales as mortgage rates rise
Fannie Mae economists say a recent runup in mortgage rates and home prices could help cool home price appreciation, without putting a major dent in home sales
by Matt Carter Feb 23
Demand for purchase mortgages down for 3rd week in a row
As rates keep rising, requests to refinance accounted for just half of mortgage applications, down from 68% a year ago
by Matt Carter Feb 23
Homie joins the ranks of Power Buyers with cash offer program
The flat-fee brokerage is now offering bridge loans to turn home-seekers into cash buyers. The Homie Cash program is available in Nevada, Arizona, Utah, Idaho and Colorado
by Andrea V. Brambila Feb 22
Evergreen Home Loans expands cash offer program to 6 states
CashUp by Evergreen program offered with lower fees and down payment requirements to homebuyers in Washington, Arizona, California, Idaho, Nevada and Oregon
by Matt Carter Feb 22
One in 10 US homes impacted by natural disasters in 2021
A CoreLogic report found that 14.5M properties were subject to natural disasters that caused $56.9B in property damage last year. These events can have long-term impacts on communities
by Matt Carter Feb 18
Doma expects rising interest rates will slow company's growth
Company races to adapt technology it pioneered to provide instant underwriting of title insurance for refis to be used on more complex purchase loans
by Matt Carter Feb 18
News Quiz: Do you know the biggest stories for the week of Feb. 13?
Compass, Realogy and Redfin all posted earnings reports this week. Test your knowledge of the biggest stories — and quarterly wins and losses — to see if you're up to date on the industry
by Inman Feb 18
Anthony Hsieh's $16M vote of confidence in LoanDepot
The LoanDepot founder and CEO has racked up $2.2 million in paper losses on the 3.15 million shares in the company he's bought since November
by Matt Carter Feb 17
Sundae now financing investor purchases of distressed properties
Distressed property marketplace offering financing in California, Florida, Georgia, Texas and Colorado with more states to be added over the next few months
by Matt Carter Feb 17
Offerpad arrives in California — and goes head-to-head with Opendoor
Offerpad's rollout in Riverside and San Bernardino in Southern California will put the iBuyer in direct competition with Opendoor, which has operated across the Inland Empire since 2018
by Matt Carter Feb 16
Facade Flags Justice Department Building Washington DC
Janette Miller of Miller & Perotti Real Estate Appraisals in California argues that the Fair Housing Act doesn't apply to appraisers, but a federal regulator disagreed this week
by Andrea V. Brambila Feb 16
Homebuyers taking rising mortgage rates in stride
As rates breach 4% for first time since 2019, requests to refinance are down more than 50% from a year ago
by Matt Carter Feb 16