First American adds real-time fraud alerts to title tech platform
Order Insights helped protect over 130K files in November by validating transaction data, notifying title agents of discrepancies and identifying other potential fraud indicators
by Matt Carter Dec 11
December Fed rate cut seen as a lock — then caution may prevail
The latest CPI reading is in line with expectations, but progress in the fight against inflation has stalled, economists warn. A slower pace of easing might keep mortgage rates above 6% in 2025
by Matt Carter Dec 11
SoCal law enforcement personnel offered 0-down home loans
Los Angeles Police Federal Credit Union (LAPFCU) expands its service area and membership base to include municipal, county, state and federal law enforcement agencies in 10 counties
by Matt Carter Dec 10
MyCUmortgage onboards 15 credit unions as new clients in 2024
Ohio-based credit union service organization (CUSO) partners with mortgage technology providers to help credit unions originate, underwrite and service home loans nationwide
by Matt Carter Dec 10
Americans optimistic home prices and mortgage rates have peaked
While only 23% of Americans surveyed by mortgage giant Fannie Mae in November thought it was a good time to buy a home, that's up from 14% a year ago when mortgage rates were peaking
by Matt Carter Dec 9
Embattled sale-leaseback platform EasyKnock closes its doors
Facing lawsuits and enforcement actions by attorneys general in several states, the company said Thursday it would shut down about 2 weeks after being sued by Connecticut's Attorney General
by Matt Carter Dec 6
Hiring slows and unemployment rises, boosting odds of Fed rate cut
Employers added 227,000 workers to their payrolls in November, but with 7.1 million Americans out of work, the unemployment rate is back up to 4.2%, the Bureau of Labor Statistics reports
by Matt Carter Dec 6
Rocket Mortgage sues HUD over alleged appraisal bias 'tightrope'
Responding to appraisal bias lawsuit, Rocket claims the government requires lenders to grant appraisers independence, then holds them liable if those appraisers engage in discrimination
by Matt Carter Dec 5
Growth helps cloud banking tech provider nCino trim Q3 loss by 67%
By adding new customers and selling additional services to existing clients, nCino grew revenue by 14% from a year ago, to $138.8M, helping the company slash its Q3 net loss to $5.3M
by Matt Carter Dec 4
Sustained drop in mortgage rates gets attention of homebuyers
Purchase mortgage demand picks up for the 4th week in a row to highest level since January as rates continue a post-election retreat that could have legs: MBA survey
by Matt Carter Dec 4
Dark Matter charts its own course under Constellation Software
Mortgage tech company carved out of ICE's Black Knight acquisition has signed new clients, expanded its product lineup, and announced plans to transition to a new CEO in April
by Matt Carter Dec 4
Latest inflation data ups the odds of a December Fed rate cut
Progress in taming inflation slowed in October, but futures market investors think the latest numbers increase the odds of another Federal Reserve rate cut next month
by Matt Carter Nov 27
Homebuyer interest surges on slight pullback in mortgage rates
Applications for purchase loans jumped 12% week over week and 52% from a year ago as rates dropped to 6.86%, according to a weekly survey of lenders by the Mortgage Bankers Association
by Matt Carter Nov 27
HUD raising FHA ceiling in high-cost markets to $1.2M next year
Adjustment for rising home prices increases FHA ceiling in high-cost markets like New York, San Francisco and Washington, D.C., and raises the floor in low-cost markets to $524,225
by Matt Carter Nov 26
Fannie, Freddie loan limits upped to $806,500 in most markets
Mortgage giants will be allowed to back loans of up to $1.2M in high-cost markets, providing ammo to critics who say goverment backing for mortgages adds to affordability woes
by Matt Carter Nov 26
The Agency launches EastWest Abstract with Langdon Title
The newly launched affiliated title agency will streamline closings and increase efficiency for The Agency's New York-based clients and agents, the brokerage told Inman
by Lillian Dickerson Nov 25