'Historic' agreement aims to break racial barriers in appraisal industry
The Appraisal Foundation will establish $1.22M scholarship fund to help aspiring appraisers get training and fulfill experience requirements said to have contributed to lack of diversity
by Matt Carter Jul 12
‘It’s finally happening': Cooler inflation opens the door to rate cut
Overall inflation rose just 3% on an annual basis in June, according to Bureau of Labor Statistics. The 10-year Treasury yield, an indicator of mortgage rates, plummeted on the news Thursday
by Taylor Anderson Jul 11
FHA, VA requests drive pickup in purchase mortgage demand
Rates surged and then pulled back last week in what could foreshadow more election-year volatility in the months ahead. Powell tells Congress Fed will remain above the fray
by Matt Carter Jul 10
More lenders partner with Calque to offer 'The Trade-In Mortgage'
EMM Loans, Searchlight Lending join growing list of mortgage lenders who have partnered with Calque to help homeowners tap their equity and make non-contingent offer to buy before they sell
by Matt Carter Jul 10
3rd round of layoffs at Newrez brings 2024 job cuts to 750
After cutting nearly 500 jobs following Computershare acquisition, lender to eliminate another 277 positions in August, including senior executives in Colorado, Arizona and Florida
by Matt Carter Jul 9
Homebuyer sentiment rebounds in June from May's record low
Fannie Mae’s monthly National Housing Survey shows many Americans may be underestimating the odds that mortgage rates will continue to pull back from 2024 peaks
by Matt Carter Jul 8
Consumers want lowest mortgage rate, but most won't shop for it
ICE Mortgage Technology survey finds 84% of homeowners who have taken out a mortgage in the last 5 years only considered 1 or 2 lenders before closing the deal
by Matt Carter Jul 5
Mortgage rates retreating from 7% on 'massive' revision to jobs report
After spiking in the wake of the June 27 presidential debate, mortgage rates are trending down again on mounting expectations that the Federal Reserve will start cutting rates in September
by Matt Carter Jul 5
EasyKnock juggling lawsuits, regulators in multiple states
Sale-leaseback platform tells NPR civil lawsuits in Texas and other states are 'meritless' and that it's cooperating with attorneys general in Massachusetts and Michigan
by Matt Carter Jul 3
Homebuyer mortgage demand dips, breaking 3-week streak
Mortgage rates are on the rebound despite encouraging inflation data, as Fed policymakers stick to 'higher for longer' strategy until they see more conclusive evidence economy has cooled
by Matt Carter Jul 3
Fewer homeowners constrained by mortgage lock-in effect
2 years ago, 9 out of 10 mortgages had rates below 5%. Today, ICE Mortgage Monitor data shows there are 5.8M fewer sub-5% mortgages, and 1 in 4 borrowers has a higher rate
by Matt Carter Jul 2
Aidium launches 24/7 customer support for mortgage lenders
Business intelligence and mortgage customer relationship management platform's expanded services follow $19M Series A funding round led by PeakSpan Capital in April
by Matt Carter Jul 2
Proper Rate taps mortgage veteran Chris Knapp as new president
Before executive roles at CrossCountry Mortgage, Draper and Kramer, and Wintrust, Knapp spent more than a decade as a loan originator and executive at Guaranteed Rate
by Matt Carter Jul 1
Mortgage rates surge as Trump's odds improve after debate
Investors who fund most mortgage loans weighed the impact of higher tariffs, tighter restrictions on immigration and an extension of 2017 tax cuts under a second Trump administration
by Matt Carter Jul 1
Prospects for lower mortgage rates grow as inflation continues to ease
The Federal Reserve's preferred inflation gauge fell to 2.56% in May, getting closer to the Fed's 2% target for the 2nd month in a row. Core inflation reading is lowest since March 2021
by Matt Carter Jun 28
BofA analysts cast doubts on prospects for 2025 sales rebound
'The US housing market is stuck, and we are not convinced it will become unstuck anytime soon,' economists at Bank of America Global Research said of ongoing housing affordability issues
by Matt Carter Jun 27