Is Walmart gunning for the mortgage industry? Experts say yes
Experts Holden Lewis, Greg McBride and Jill Gonzalez share their thoughts on Walmart's foray into fintech and what it could mean for the mortgage industry
by Marian McPherson Mar 10
Mortgage applications decrease 1%
Climbing mortgage rates have slowed demand for refinance applications, while purchase applications remain strong moving into spring, according to Mortgage Bankers Association
by Lillian Dickerson Mar 10
Share of mortgages in forbearance dropped 3 points at end of February
The overall decline of mortgage loans in forbearance was led by Ginnie Mae loans, which dropped by 7 basis points from the previous week to 7.28% of loans in forbearance
While still high, mortgage delinquencies see small decline
5.8% of homeowners fell delinquent on their mortgages in December, compared to 3.7% during the same period in 2019
10 credit mistakes that could cost buyers their dream home
Here's how you can help keep your clients on track to prevent them from blowing up their chances of owning a home
by Carl Medford Mar 8
Divvy Homes: What it is and how lease-to-own can work for agents
The company has blended altruism with an innovative twist on an old strategy — rent to own. Operating in 19 markets with more on the way, it opened its first branded brokerage in Cleveland
by Craig C. Rowe Mar 8
12 digital mortgage terms every agent should know
Mortgages are going from handshakes to webcams. Here are 12 terms that are defining industry change
by Craig C. Rowe Mar 6
What happens when 'meme traders' go after mortgage stocks?
Rocket Companies and LoanDepot briefly followed the trajectory of GameStop this month, seeing share prices spike simply because jokey online traders targeted their shares
by Jim Dalrymple II Mar 5
One week after LA launch, Knock blankets Southern California
A rapid expansion from Los Angeles into San Diego, Santa Barbara and markets inland puts Knock well ahead of its '21 in 21' available markets goal
by Craig C. Rowe Mar 4
Study: Women pay higher mortgage rates than men in all but one state
Only 1 state in the US was found to offer lower interest rates to women than men, on average, for a 30-year, fixed-rate mortgage, according to mortgage tech company Own Up
Mortgage forbearance rate increases for first time in 5 weeks
According to the Mortgage Bankers Association's latest report, mortgage forbearances rose 1 basis point for the week ending on Feb. 21
by Marian McPherson Mar 2
Knock: How agents can lean into alternative lending in uncertainty
Alternative lending model Knock is growing quickly by offering homesellers Home Swap, a product that lets them buy before they sell. Here's what you should know about its unique model
by Craig C. Rowe Mar 1
Chase expands its homebuyer grant program for minorities
Chase Bank launched its revamped Homebuyer Grant program, which will provide a $5,000 grant for qualified buyers in majority Black communities
by Marian McPherson Feb 24
3 takeaways from Realogy's year-end results
The real estate holding company is downsizing its office footprint, creating a more integrated transaction experience and reducing debt
by Patrick Kearns Feb 23
Foreclosure ban and mortgage forbearance through June
Analysts say unemployment will continue to be an ongoing issue even as the pandemic subsides
by Andrea V. Brambila Feb 16
Tech-enabled mortgage startup UpEquity raises $25M in funding
The company is one of many that have flocked into the mortgage space in recently years, aiming to disrupt a process that until recent remained stubbornly analog
by Jim Dalrymple II Feb 12