Fannie, Freddie fees on 2nd homes, conforming jumbos go up April 1
Mortgage giants ordered to exempt first-time homebuyers from increases, which could boost private lending
by Matt Carter Jan 18
The 'tap tap' mortgage
Tech advances in data, authentication, artificial intelligence and loan processing are making mortgage fulfillment easier. Why can't a simple iris scan make mortgage funding even quicker?
by Brad Inman Jan 18
Wells Fargo mortgage production fades as it closes branches
Nation's biggest provider of purchase loans made 27% fewer loans to homebuyers in 2021
by Matt Carter Jan 17
Foreclosures drop in December, capping off all-time low year
Foreclosure filings dropped 8% in December as a once-feared wave of mortgage defaults has largely failed to materialize, according to a new report from Attom Data Solutions
by Daniel Houston Jan 14
Redfin ramping up mortgage business with $135M acquisition
Bay Equity Home Loans closed nearly 10 times as many loans as Redfin Mortgage in 2021
by Daniel Houston Jan 12
Mortgage rates hit highest point since COVID closures in early 2020
Demand for purchase loans remains steady, but rising rates are closing the door on refinancing opportunities, according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey
by Matt Carter Jan 12
Rocket shuffles leadership and repositions as a fintech platform
As interest rates rise, the largest US mortgage lender bills itself as more than home loan provider
by Matt Carter Jan 12
UpEquity brings Buy with Cash service to California
After raising $50M in Series B funding round, 'Power buyer' looking to expand from 11 to 19 states in 2022
by Matt Carter Jan 11
IBuyers flipped 1 in 5 homes to institutional investors in 2021
In one 'hot spot within a hot spot' — McDonough, Georgia — 70% of homes flipped by iBuyers like Zillow Offers and Opendoor were resold to institutional investors, many without being listed
by Matt Carter Jan 7
I worry about higher mortgage rates — and other stuff
'When all the experts unanimously agree, it makes me nervous,' Inman Publisher Brad Inman writes. 'I'll never forget the careless chorus of experts pumping up the housing market in 2008.'
by Brad Inman Jan 7
On anniversary of all-time low, mortgage rates climb past 3.2%
Mortgage rates rose 11 basis points this week as the Federal Reserve signaled it intends to shrink its balance sheet, according to Freddie Mac’s latest lender survey
by Daniel Houston Jan 6
NAR is second biggest trade group donor to 'Sedition Caucus': Analysis
Donations to lawmakers who voted against certifying the 2020 election results from the National Association of Realtors and Rocket Mortgage clocked in at more than $375K in 2021
Credit report errors are harming mortgage borrowers: Fed watchdog
Credit bureaus have 'little incentive to treat consumers fairly when their credit reports have errors,' according to Consumer Financial Protection Bureau, which analyzed 700K complaints
by Matt Carter Jan 6
Interest rates climb as Fed looks to shrink balance sheet
Although the Fed hasn't set a timetable for shrinking its balance sheet, it's likely to do so more quickly than it did after the 2007-09 recession
by Matt Carter Jan 5
Flyhomes will cover closing costs — but only if you use their agent
Homebuyers represented by partner agents will still pay closing costs, and could be on the hook for 1% convenience fee, Flyhomes executives confirmed with Inman
by Matt Carter Jan 5
Demand for mortgages slips as rates climb back to April levels
Demand for purchase loans fell to a seasonally adjusted 4% from 2 weeks ago, and 12% from a year ago, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey
by Matt Carter Jan 5