Mortgage rates settle in, hovering around 3%
So far, bond markets are taking the prospect of Fed tapering of monthly purchases of $40B in mortgage-backed securities and $80B in Treasuries in stride
by Matt Carter May 20
Woman files complaint alleging discrimination in home appraisals
The valuations of an Indianapolis property owned by Carlette Duffy, a Black woman, more than doubled when she removed anything from her home identifying her race
by Lillian Dickerson May 20
Watchdog group asks FTC to review Quicken Loans mortgage ads
Ads promise 'No Registration, No Login' but the website requires you to do both
by Matt Carter May 19
Lower rates boost mortgage purchase, refi applications
The MBA's Weekly Mortgage Applications Survey showed requests for loans were up 2.1% on a seasonally adjusted basis during the week ending May 7 compared to the week before
by Matt Carter May 19
Inflation, rate increases pose risks to housing market, Fannie Mae says
In their latest monthly forecast, Fannie Mae economists on Tuesday projected existing homes will sell at an annual pace of 5.88 million during April, May and June
by Matt Carter May 19
Doma adds Wells Fargo as a client as it prepares to go public
The startup, which is aimed at digitizing the transaction process, plans to go public through a blank check merger with Capitol Investment Corp. V
by Matt Carter May 18
Knock builds executive team as it prepares to go public
The 'Home Swap' provider is aiming to boost headcount by 5X this year, with an eye toward expanding into 100 markets by 2023
by Matt Carter May 18
Black Knight acquires analytics firm eMBS Inc.
Building on last year's Optimal Blue deal, Black Knight strengthens its secondary mortgage market offerings
by Matt Carter May 17
Share of mortgages in forbearance continues to dwindle
But an estimated 2.1 million homeowners are still taking a break from mortgage payments
by Matt Carter May 17
Demand for mortgages sagged in April even as rates remain near historic lows
Drop in purchase loan originations may be another sign the market is topping off
by Matt Carter May 17
Half of big lenders still get most mortgage applications on paper
Survey also finds borrowers were more likely to consider just one lender in 2020 than was the case in 2018
by Matt Carter May 14
Genworth postpones IPO of its mortgage insurance business
The company cited volatility in trading of mortgage insurance companies as the reason for delay
by Matt Carter May 13
Inflation concerns not reflected in latest mortgage rate survey
A weekly Freddie Mac survey doesn't fully reflect new data that's pushed rates up this week on inflation worries
by Matt Carter May 13
'Should I pay down a collection?' How to answer clients
Consumers who've had a collection hit their credit report might be wondering if they should pay it off or hold off. Micah Curtis shares the right move to make — and the answer is not what you might think
by Rick Guerrero May 13
Quicken Loans will officially rebrand as Rocket Mortgage
Rocket Mortgage has eclipsed the Quicken Loans brand in the minds of consumers so the company plans to officially change its name on July 31
by Matt Carter May 12
Dip in mortgage rates boosts interest in purchase loans, refinancing
'Robust demand' for purchase loans continues to be constrained by scarce listings and shortages of buildings materials, according to the Mortgage Bankers Association
by Matt Carter May 12