Homebuyers rush to lock as mortgage rates hit new 2024 highs
Rates for conforming loans pushed through 7% last week and continue to rise, as latest inflation data and remarks by Fed Chair Jerome Powell dim prospects that Fed will ease in June
by Matt Carter Apr 17
Instead of cutting rates, what if the Federal Reserve raises them?
Mortgage rates have already reclaimed much of the territory ceded last year and are poised to continue rising this week as latest numbers show inflation continuing to run hot
by Matt Carter Apr 15
Canada easing mortgage terms for first-time new homebuyers
Mortgage changes set to take effect Aug. 1 are part of Canadian government's ambitious plan to boost housing construction by 2 million and help renters save up for a down payment
by Matt Carter Apr 15
Billionaires brawl as everyone else just tries to get by: The Download
As mortgage heads from UWM and Rocket fight it out in the press, it seems like both agents and consumers are just wondering how they're going to pay the bills
by Christy Murdock Apr 13
RE/MAX's Motto Mortgage out to re-up original franchise owners
In a break with the past, most new franchisees signing up for Motto's 'mortgage brokerage-in-a-box' solution are real estate brokerages and teams that aren't affiliated with RE/MAX
by Matt Carter Apr 12
Hot inflation data sends mortgage rates to new 2024 highs
Bond market investors who fund most mortgage loans are increasingly convinced the latest inflation numbers mean the Federal Reserve won't cut rates in June
by Matt Carter Apr 10
United Wholesale Mortgage defends its business practices
Citing recent court victories, UWM says 'it is not uncommon nor illegal for a broker to send most or all of their business to a specific lender' and pledges to pay business partners' legal fees
by Matt Carter Apr 10
Rocket Mortgage: Patented AI process cuts turn times by 25%
The Detroit-based lender unveiled 'Rocket Logic' on Tuesday, an AI-fueled platform that can glean insights from 10 petabytes of proprietary data and transcripts from 50M borrower calls each year
by Matt Carter Apr 10
Title data is helping real estate agents and lenders prospect
DataTrace, which now operates more than 1,800 U.S. title plants, says the remarkable granularity of its data can help identify renters who are ready to buy, empty nesters and fix-and-flip investors
by Matt Carter Apr 9
Consumer housing sentiment drops for first time since November
Fading hopes that mortgage rates will come down in the next 12 months are primary drag on Fannie Mae's Home Purchase Sentiment Index, but job and income concerns also up in March
by Matt Carter Apr 8
JPMorgan Chase CEO warns of higher rates, more inflation
Jamie Dimon thinks interest rates could rise to 8% or more. He also said in a new letter that a recession and stagflation could be in the offing
by Jim Dalrymple II Apr 8
Mat Ishbia
Hunterbrook Media founder dismisses Ishbia's take as 'baseless conspiracy theory'; Rocket says it and founder Dan Gilbert have no financial interests or relationship to hedge fund
by Matt Carter Apr 5
Calque partnering up with lenders on 'buy before you sell' services
Austin, Texas-based fintech hires CoreLogic vet Michael Bremer as CEO and signs APEX Mortgage Group, C2 Financial and Cornerstone First Mortgage as partners
by Matt Carter Apr 4
Would-be homebuyers balk as mortgage rates head back up
MBA surveys show purchase loan applications have been flat for 2 consecutive weeks, and now mortgage rates are popping again as more worrisome inflation data rolls in
by Matt Carter Apr 3
Nation's largest mortgage lender shorted by Park Avenue hedge fund
United Wholesale Mortgage denied explosive allegations that many mortgage brokers who send it business aren't shopping around for best deals. UWM dismissed a related lawsuit as 'a sham'
by Matt Carter Apr 3
Aidium Mortgage CRM lands $19M in Series A led by PeakSpan Capital
Founded as Daily AI, Boulder-based Aidium rebranded last year to better align brands it had acquired — Whiteboard CRM and Recruitable.ai — under a single umbrella
by Matt Carter Apr 2