With focus on mortgage business, Zillow launches 'BuyAbility' tool
Zillow releases a new 'BuyAbility' tool it says helps consumers find homes they can actually afford to buy after accounting for more variables
by Taylor Anderson Nov 19
Motto Mortgage office (contributed photo).
After seeing its open office count shrink this year for the first time ever, RE/MAX's mortgage franchisor brings new offices online in Arizona, South Carolina and Michigan
by Matt Carter Nov 19
AnnieMac notifies more than 170K customers of data breach
National mortgage lender offering affected customers free credit monitoring and identity theft protection after hackers accessed Social Security numbers in August data breach
by Matt Carter Nov 18
Take the Inman Intel Index survey for November
Opinion
The post-August-deadline adjustment period is drawing to a close, and the next chapter is about to begin. Add your insights to the Inman Intel Index, real estate's most ambitious monthly survey
by Daniel Houston Nov 18
Healthy FHA reserves justify premium cuts, lenders say
Private mortgage insurers are hoping to head off a repeat of the 35% reduction approved by the Biden administration last year, which is projected to save homebuyers $5.1B over 10 years
by Matt Carter Nov 15
US credit ratings could soon be another worry for mortgage rates
Rating agencies are keeping a close eye on whether politicians in the nation's polarized Capitol will rise to challenges including the $34.8T national debt, debt ceilings and inflation
by Matt Carter Nov 14
Portals and disruptors are eyeing the future of mortgage markets
The companies that can afford to, including Zillow, are aggressively growing MLO headcount in order to capture future market share, Mike DelPrete writes
by Mike DelPrete Nov 14
Latest CPI reading leaves door open for December Fed rate cut
October Consumer Price Index report isn't having a big impact on mortgage rates, as investors who fund most home loans doubt the Fed will have much room to bring rates down next year
by Matt Carter Nov 13
Better funds $1B in mortgages in Q3 but still $54M in the red
Having pivoted from refinancing to purchase loans, CEO Vishal Garg says investment in AI technology and partnerships with retailers like NEO Home Loans will fuel cost-effective growth
by Matt Carter Nov 13
Rocket boosts market share, posts $481M Q3 loss on writedowns
Looking beyond paper writedowns in the fair value of its mortgage servicing rights, CEO Varun Krishna is pleased as Q3 mortgage originations climb 28% from a year ago
by Matt Carter Nov 12
Homebuyer challenges offer an opportunity for lenders: JD Power
Survey finds lenders that have remained staffed up and invested in digital processes that streamline the mortgage process are crushing their competitors on customer satisfaction
by Matt Carter Nov 12
Amerant Bank exits Texas but still providing mortgages nationwide
Coral Gables, Florida-based community bank sells its Houston branches to MidFirst Bank, but growing mortgage subsidiary Amerant Mortgage has a presence in most states
by Matt Carter Nov 12
Porch shares soar 55% on $14M Q3 profit and restructuring plan
Regulators have signed off on plans to restructure insurance business into a company that's owned by policyholders and operated by Porch, insulating it from catastrophic weather events
by Matt Carter Nov 8
Mortgage rates not expected to budge on latest Fed rate cut
Move was anticipated by investors that fund most home loans, who have been driving up mortgage rates over concerns about inflation and pace of future Fed rate cuts
by Matt Carter Nov 7
Record number of Americans say they'd rather rent than buy
Housing market sentiment rose in October to the highest level since February 2022, but 8 in 10 consumers still said it was a bad time to buy: Fannie Mae survey
by Matt Carter Nov 7
New customers and layoffs help Blend approach profitability
In addition to signing a multi-year deal with Pentagon Federal Credit Union, Blend laid off 50 workers in September, or about 9% of its workforce, helping trim expenses by 32%
by Matt Carter Nov 6