NYCB's surprise $2.7B Q4 loss rekindles regional bank fears
Worries about commercial real estate are making jumbo mortgages costlier, since regional banks are a major provider of loans that are too big for Fannie Mae and Freddie Mac
by Matt Carter Mar 1
Scarce inventory, falling rates could boost home prices
In December, a Pulsenomics panel of more than 100 housing experts expected homes to appreciate by 2.4% in 2024. Now they're predicting prices will go up by 3.8%
by Matt Carter Mar 1
Mortgage rates ease for 2nd consecutive day on inflation data
'Quantitative tightening' — the Federal Reserve's moves to trim $35B in mortgages from its balance sheet each month — could keep mortgage rates from falling dramatically this year
by Matt Carter Mar 1
New rules for scoring mortgage borrowers coming in Q4 2025
Fannie and Freddie's federal regulator wants lenders to synchronize adoption of bi-merge credit reporting with more inclusive FICO Score 10T and VantageScore 4.0 scoring models
by Matt Carter Feb 29
Latest inflation numbers give mortgage rates some room to fall
A key Fed inflation metric, the PCE price index, continues to drop toward the Fed's 2% inflation target, falling from 2.6% annual growth in December to 2.4% in January
by Matt Carter Feb 29
UWM's best year for purchase loans also produces $69.8M loss
Nation's biggest mortgage lender posts first annual loss since going public in 2020, largely driven by an $854.1M write-down in the value of UWM's $300B mortgage servicing rights portfolio
by Matt Carter Feb 28
Homebuyer mortgage demand down for 5th consecutive week
With mortgage rates hovering above 7%, requests for purchase loans were down by a seasonally adjusted 5% week over week and 2% lower than a year ago, MBA lender survey finds
by Matt Carter Feb 28
LoanDepot hackers had access to Social Security numbers, DOBs
Hit by lawsuits, the lender is offering 24 months of free identity protection services and credit monitoring from Experian to 16.9M consumers affected by the January cyberattack
by Matt Carter Feb 27
Institutional investors are scooping up Kiavi's 'fix and flip' bridge loans
Kiavi upsizes its 16th securitization to $350M and says oversubscribed offering is company's biggest since November 2021, bringing total issuance since 2019 to $4B
by Matt Carter Feb 26
With $15M goal, Knock turns to 'everyday' investors
Second Century Ventures and Foundry Venture Capital have backed the company with $10M. Knock is now turning to public funding site Wefunder to get to $15M
by Craig C. Rowe Feb 26
Brokerages, lenders anticipate big recruitment push in 2024: Triple-I
Approximately 28% of brokerage leaders believe 'recruiting and retaining talent' will be their most challenging responsibility 1 year from now, according to results from the Inman Intel Index survey
by Chris LeBarton Feb 26
5 tips for shepherding clients through mortgage challenges
Buyer demand is still robust, but affordability challenges can make it harder for clients to qualify for financing, Luke Babich writes. Here's how to help
by Luke Babich Feb 26
Strong economy could lift 2024 home sales: Fannie Mae forecast
The additional boost to 2024 home sales might come at the expense of slightly slower growth next year due to elevated mortgage rates, economists at the mortgage giant said Friday
by Matt Carter Feb 23
'The Mortgage Professor' Jack Guttentag dies peacefully at 100
Guttentag 'remained sharp to the end' and continued researching and writing about mortgages until passing away on Feb. 6, his friend and colleague Allan Redstone tells the Wharton School
by Matt Carter Feb 23
Shares in Rocket up after hours as investors roll with $233M Q4 loss
Mortgage giant reports positive adjusted earnings for the third consecutive quarter, 'despite some of the most difficult industry conditions in three decades,' CEO Varun Krishna says 
by Matt Carter Feb 22
Ransomware group claims it was behind loanDepot cyberattack
The FBI has developed a decryption tool to combat the ALPHV/Blackcat ransomware variant, and authorities are offering $15M in rewards to stop the group
by Matt Carter Feb 21