Fannie and Freddie's fees going up Monday despite lender objections
The Federal Housing Finance Agency says risk-based fee increases are aimed at ensuring the mortgage giants' safety and soundness, not to subsidize fee waivers for buyers of limited means
by Matt Carter Apr 26
Home sales will be 'subdued' for rest of 2023, Fannie Mae projects
The housing sector's resilience to higher prices and mortgage rates has bolstered prices, but a lack of for-sale inventory is expected to limit sales, according to Fannie's latest monthly forecast
by Matt Carter Apr 25
More tech vendors approved to support appraisal-free mortgages
Stewart Valuation Intelligence (SVI) is the latest technology vendor to be approved by Fannie Mae to support new value acceptance + property data valuation process
by Matt Carter Apr 21
Fairway loses 8 California branches to rival Guild Mortgage
The defection of former Fairway division manager John Lowe and 40 colleagues who originated $350M in loans last year "is equal to that of a mini acquisition"
by Matt Carter Apr 20
Legislation aimed at banning mortgage trigger leads is back
Despite lobbying by mortgage trade groups, 2 previous bills failed to attract cosponsors and died in the House Committee on Financial Services without a second reading
by Matt Carter Apr 19
Listing shortages kept prices from falling in Q1: Fannie Mae
Mortgage giant's quarterly Home Price Index shows national home prices were up 1% during the first quarter of 2023 compared to the final 3 months of 2022
by Matt Carter Apr 18
RESAAS to facilitate referrals to Rocket Mortgage Canada
One-year agreement calls for RESAAS and Rocket Mortgage Canada to share revenue generated by new mortgages, mortgage renewals and refinances
by Matt Carter Apr 18
Marketing guru's run for POTUS puts speakers in awkward position
NAR's Lawrence Yun among prominent figures scheduled to speak at virtual event where Momentifi CEO and U.S. presidential candidate Gibran Nicholas will hawk his book
by Matt Carter Apr 17
Fathom Realty parent company borrows $3.5M from existing investor
Fathom Holdings will pay at least 8% interest on a convertible note company executives say will provide more flexibility as they seek 'cash flow profitability' by Q3
by Matt Carter Apr 14
UWM says it's hiring as Bloomberg details alleged 'locker room culture'
The nation's biggest mortgage lender is planning to hire 500 people and is holding a job fair Saturday just days after Bloomberg expose of alleged drug use, discrimination and harassment
by Matt Carter Apr 13
Better's 'One Day Mortgage' product lifts off
New products and agent partnerships could help Better make the transition from a company known primarily for refinancing existing loans to one that's geared to serving homebuyers
by Matt Carter Apr 12
Homebuyer mortgage demand perks up as rates retreat
Homebuyer demand for purchase loans up 8% last week even after adjusting for the expected seasonal boost from the spring homebuying season
by Matt Carter Apr 12
FTC goes to court to stop ICE's $11.7B Black Knight acquisition
Antitrust regulator claims Intercontinental Exchange and Black Knight plan to close the merger deal on April 28 — before an administrative hearing to determine its legality has even begun
by Matt Carter Apr 11
The problem with appraisals (and what we can do about it)
It is no secret that appraisals can make or break deals in the real estate industry. That's why their accuracy matters so much
by Lee Davenport Apr 11
Poll shows most Americans still think it's a bad time to buy
Fannie Mae survey shows sentiment ticked up slightly in March with consumers becoming more confident about homeselling conditions and less worried about losing their jobs
by Matt Carter Apr 10
California's shared appreciation loan program out of money
$300M in seed funding for CalHFA's 'Dream For All' program is gone less than 2 weeks after it launched. The program is expected to help 2,300 first-time homebuyers
by Matt Carter Apr 10