Guaranteed Rate helping sellers offer mortgage rate buydowns
The lender's new RateReduce Sell program allows sellers to pay points to lock in a discounted mortgage rate that their real estate agent can cite in co-branded marketing materials
by Matt Carter Jan 12
Jump in key inflation gauge may delay mortgage rate relief
Futures markets still hold out hope for a March rate cut, even as annual inflation increased to 3.4% in December, moving away from the Fed's 2% goal for the first time since September
by Matt Carter Jan 11
Declining mortgage rates bring new-year market thaw: Redfin
Mortgage purchase applications and new listings have improved in recent weeks, thanks to a 25% decline in mortgage rates from October's peak of nearly 8%
by Marian McPherson Jan 11
Buyers take rebound in mortgage rates in stride as lenders tighten
Demand for purchase loans picked up last week as would-be homebuyers took advantage of rates that are still a full percentage point lower than 2023 highs, MBA lender surveys show
by Matt Carter Jan 10
MyCUmortgage signed 13 credit unions as new clients in 2023
With the addition of new partners serving 713,865 members, myCUmortgage says it's now helping nearly 200 credit unions originate, underwrite and service mortgage loans
by Matt Carter Jan 9
Rates will continue to fall in 2024, consumers say in record numbers
A record number of consumers surveyed by Fannie Mae expect mortgage rates to keep falling, a 'significant shift' in expectations that could free homeowners from the so-called 'lock-in effect'
by Matt Carter Jan 9
LoanDepot is latest real estate company to be targeted by hackers
Mortgage lender says unauthorized party accessed its systems and encrypted some of its data, a tactic employed by ransomware groups to target more than 1,000 companies and organizations
by Matt Carter Jan 8
Economic Outlook: Recession may be what drives rates down in 2024
Does the rapid slowdown in the economy mean a recession is now inevitable in the new year, or is a 'soft landing' still possible? Economists are divided on the nation's economic outlook for 2024
by Matt Carter Jan 8
Airbnb vet Jonathan Mildenhall to unify Rocket's marketing efforts
The company's first CMO will be responsible 'for creating a unified and compelling voice for all businesses' under the Rocket umbrella, including Rocket Mortgage and Rocket Homes
by Matt Carter Jan 5
Hom screenshots; mobile application
Hōm makes the right updates to move from a handy mobile tool to a legitimate productivity asset
by Craig C. Rowe Jan 5
Homebuyers are now paying $400 less per month than in October
After rates fell from October highs, homebuyers with a new mortgage are paying about $400 less each month. Still, there's no buying spree — yet
by Taylor Anderson Jan 4
Falling mortgage rates haven't sparked homebuyer stampede
Recent decline in rates is 'some cause for optimism,' but requests for purchase loans are still down 12% from a year ago, latest MBA lender surveys show
by Matt Carter Jan 3
After retiring SimpleNexus brand, nCino grows its mortgage business
Since acquiring SimpleNexus for $933.6M and rebranding the company, nCino has been signing new clients and cross-selling its mortgage solution to existing bank and credit union clients
by Matt Carter Jan 3
America's top loan officer foresees return to bidding wars, price gains
As Shant Banosian gears up to speak at Inman Connect New York in January, he sat down with Inman to discuss the landscape for mortgage lenders heading into 2024
by Taylor Anderson Jan 2
Rocket's new CEO Varun Krishna takes seat on board of directors
The mortgage lending giant's board of directors has been expanded from 7 members to 8 to accommodate the move. Krishna's term will expire at the company's 2026 annual meeting
by Matt Carter Dec 29
How well do you remember 2023's biggest real estate stories?
Scandals, lawsuits, technology and more dominated the headlines in what turned out to be one of real estate's most eventful years in recent memory
by Jim Dalrymple II Dec 29