Banks offer exposure to mortgage risk — and investors want in
The new bond products offer higher yields in a low-interest-rate environment; but if the loans go bad, investors are on the hook
by Daniel Houston Jul 29
Fed will keep buying $40 billion in mortgages every month
As Fed's balance sheet approaches $8 trillion, policymakers say path of the economy continues to depend on the course of the pandemic
by Matt Carter Jul 29
Knock moves into 50th market, launches closing guarantee
Knock has announced it will offer Home Swap in Chicago in addition to offering a $5,000 on-time closing promise
by Craig C. Rowe Jul 29
Truework speeding up income verification for gig-economy workers
Service lets employees log into their payroll provider and share verified data with a few clicks
by Matt Carter Jul 28
Drop in mortgage rates spurs refis, but not home sales
With rates on 15-year mortgages hitting a record low, requests to refinance accounted for two-thirds of mortgage applications
by Matt Carter Jul 28
Total Expert integrates RatePlug to connect loan officers with agents
RatePlug, a marketing platform that connects mortgage loan officers and real estate agents, is now integrated into Total Expert, a customer relationship management solution
by Matt Carter Jul 27
Stewart bolsters Midwest operations with Title First Agency acquisition
After posting record second quarter earnings, Stewart Information Services Corp. has acquired one of the nation's largest independent title agencies, Title First Agency Inc.
by Matt Carter Jul 27
Cloud providers are now big players in the mortgage process
AWS, Google Cloud, and Microsoft Azure have developed proprietary AI and machine learning capabilities that can be customized for lenders
by Matt Carter Jul 27
Selling to buy? It should get easier in coming weeks, report says
Conditions should start to improve for buyers while remaining great for sellers if current trends hold, according to a new Redfin report
by Daniel Houston Jul 23
With home prices slow to fall, would-be buyers are getting squeezed out
People who lost income during the pandemic are finding it hard to buy their first homes as real estate prices grew faster than incomes, according to a new Harvard University report
by Daniel Houston Jul 23
Mortgage rates hit new all-time low for 15-year loans
Interest rates for a 15-year mortgage hit new all-time lows amid high sale prices and low inventory; rates for 30-year loans dipped as well
by Daniel Houston Jul 22
1M homeowners face elevated risk of foreclosure when protections lift
Delinquency rates are at the lowest level since the pandemic began, but borrower protections are lifting in September: Black Knight
by Matt Carter Jul 21