'OK Boomer': Older homebuyers make gains as millennials struggle
Baby boomers made gains over first-time homebuyers in the decade before the pandemic, growing to 24% of recent home purchases in 2019, according to a new analysis from Zillow
by Daniel Houston Oct 14
Mortgage rates continue their ascent onward into mid-October
Rates creeped upward once again across all major mortgage types, part of a rise from their all-time lows earlier this year, according to Freddie Mac’s weekly lender survey
by Daniel Houston Oct 14
Foreclosures remain low as banks start to churn out post-ban filings
The number of foreclosed properties rose 34 percent in the third quarter of the year, but remained below their typical historical levels
by Daniel Houston Oct 13
Keller Mortgage lays off 150 new employees following hiring spree
After nearly doubling the company's payroll to 1,000 employees, Keller Williams' lending arm has laid off 150 new recruits — close to one-third of its recent hires
by Matt Carter Oct 13
More lenders jumping the gun on historic Fannie, Freddie loan limits
Rocket Mortgage and United Wholesale Mortgage — the nation's top 2 lenders — and at least 6 others are raising conforming loan limit to $625K ahead of FHFA announcement
by Matt Carter Oct 13
Mortgage rates for home loans hit highest levels since June
Purchase loan applications rose 2% week over week, according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey, released Wednesday
by Matt Carter Oct 13
Mortgage delinquency rates approach pre-pandemic levels
Total delinquency rates dropped 4.2 percent in July, 2.3 percentage points lower than the 6.5 percent observed in July 2020, according to new data released Tuesday by CoreLogic
Homeowners slam brakes on refinancing as mortgage rates rise
Prospect of higher monthly mortgage payments for homebuyers and impact on affordability also a concern, according to an analysis of mortgage pipeline data by Black Knight
by Matt Carter Oct 10
Black Knight rolls out new marketing tools for mortgage brokers
Surefire CRM lets brokers grab white-labeled marketing collateral they can customize with their own branding
by Matt Carter Oct 8
Mortgage rates hold steady following late-September spike
Mortgage rates barely changed a week after rising bond yields and Federal Reserve statements led to rate hikes across the board
by Daniel Houston Oct 7
Realogy sells most of its interest in Title Resources Guaranty
Realogy will maintain its ownership of Realogy Title Group, which last year provided title, settlement and escrow services for 214K transactions in 43 states under 45 brand names
by Matt Carter Oct 7
Knock Home Swap
Most Americans think it's a bad time to buy a home but a good time to sell, and high home prices are the culprit
by Matt Carter Oct 7
Jump in rates cuts into demand for mortgages
Rising mortgage rates have curbed demand for refinancing and purchase loans after inflation worries pushed rates to highest levels since July, according to the MBA
by Matt Carter Oct 6
Better enabling homebuyers to make cash offers in 12 states
Program launches as Better moves to finalize its bid to become a public company
by Matt Carter Oct 5
Fannie, Freddie loan limits set for record 50-year leap in 2022
Lenders are betting home prices kept rising in third quarter, and that they'll be able to sell bigger loans to Fannie and Freddie once conforming loan limit officially goes up on Jan. 1
by Matt Carter Oct 5
Knock's GO mortgage offers appraisal coverage and cash-offer close certainty
Knock GO, which stands for Guaranteed Offer, is a 'cash-like' conventional mortgage product that allows buyers to write an offer on a home without including a financing contingency
by Craig C. Rowe Oct 4