Mortgage rates haven't been this chaotic since Black Monday: Study
A buyer looking at $500,000 houses in July would have seen their potential monthly payment fall by $177 in August, then rise by $328 since, according to a new analysis by Redfin
by Daniel Houston Sep 29
Snapdocs integrations with Byte, BeSmartee will automate closings
American Bancshares is among the first lenders to make the most of the new integration with BeSmartee to provide digital closing documents and collect eSignatures
by Matt Carter Sep 29
CMS seeks to set 'gold standard' in mortgage origination technology
With backing from Canadian software giant Constellation Real Estate Group, Constellation Mortgage Solutions will debut its new NOVA loan origination solution at MBA annual conference
by Matt Carter Sep 28
US housing markets considered 'overvalued' quadrupled in 2022
Median home sale prices exceed the house-buying power of would-be buyers in 19 of 50 markets, according to data released Tuesday by First American Financial Corp.
by Matt Carter Sep 28
Mortgage demand stalls as rates climb toward 7% on Fed moves
Rates for borrowers with credit scores below 680 making down payments of less than 20 percent climbed past 7% on Monday, according to Optimal Blue
by Matt Carter Sep 28
PNC Bank partners with Blend to digitize mortgage applications
'Strategic partnership' is a win for mortgage tech and title insurance provider Blend, which has cut its workforce by about 25% this year and racked up an accumulated $995M deficit
by Matt Carter Sep 27
Moody's says odds of recession have risen to 'uncomfortably high' 59.5%
Investors who fund mortgages are demanding unusually high premiums in comparison to government bonds, out of fears the loans they make now could quickly be refinanced if rates drop
by Matt Carter Sep 27
Mortgage rates hit new 2022 high in bond market selloff
Investors fear ongoing moves by the Fed and other central banks to raise short-term interest rates to fight inflation could ultimately lead to a recession
by Matt Carter Sep 23
Guaranteed Rate taking borrowers from application to close en Español
Lender expands Spanish language access program launched in April to include disclosures that describe loan terms and fees
by Matt Carter Sep 23
A new normal, or a ‘new weird’? Home prices climb despite 6% rates
As mortgage rates rose in recent weeks, so did home prices and purchase-loan applications. It's a strange time, a Redfin economist says
by Daniel Houston Sep 22
As it keeps hiking short-term rates, Fed stays the course on mortgages
Fed Chair Jerome Powell says policymakers are not ready to start selling off Treasurys and mortgage debt to accelerate trimming of $9T balance sheet
by Matt Carter Sep 21
Don't expect mortgage rate relief in 2023, Fannie Mae warns in forecast
Even though the economy is probably headed for a recession next year, the Fed is seen as having a ways to go before inflation is under control
by Matt Carter Sep 21
Demand for home loans picks up for first time in 6 weeks
Rising demand for purchase loans and refinancing as rates climb to new highs underscores volatility, with Fed expected to continue rate hikes, according to the MBA's latest survey
by Matt Carter Sep 21 integrates into First American's PRISM platform
Eliminates the need for paper checks by allowing title and real estate agents to request and receive electronic disbursement of earnest money and cash-to-close funds within the platform
by Matt Carter Sep 20
Mortgage relief operation allegedly bilked homeowners out of $6.3M
Los Angeles-based operation allegedly promised to help hundreds of distressed homeowners negotiate with lenders to lower their interest rates, monthly payments or principal amounts
by Matt Carter Sep 20
Staircase automates underwriting of private mortgage insurance
MI Underwriting pulls documents and data directly from lenders, allowing mortgage insurers to make instant policy decisions at half the cost
by Matt Carter Sep 19