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
Title insurer First American back online after cybersecurity incident
There are 'some limits to functionality' as First American continues efforts to return to normal business operations following a cybersecurity breach that knocked its website offline on Dec. 20
by Matt Carter Dec 28
Pending home sales stagnate in November despite rate relief
November's numbers show pending sales didn't move compared to October, but lower rates did apparently lead to more lockbox openings — hinting that better days lie ahead
by Jim Dalrymple II Dec 28
Mortgage rates are in free fall as economy continues to cool
While Federal Reserve policymakers had forecast 3 rate cuts next year, futures markets see an 85% chance of at least 6 rate cuts after a key inflation metric shows the economy is cooling rapidly
by Matt Carter Dec 27
MyHome expands menu of lender services with Volly acquisition
Volly's customer relationship management, lead conversion and portfolio retention tools will be offered to lenders through parent company WFG's Enterprise Solutions division
by Matt Carter Dec 26
Title insurer First American and many subsidiaries remain offline
The Dec. 20 cybersecurity incident has derailed closings and generated complaints about the lack of communication since the company took some systems offline
by Matt Carter Dec 26
LoanCare says data breach affected 1.3M mortgage customers
Parent company Fidelity National Financial has not said whether its other subsidiaries were also affected in a cybersecurity incident the company says it discovered and contained in November
by Matt Carter Dec 26
First American Financial warns clients to watch out for fake emails
Two days after being hit by a cyberattack, the title insurance giant says it's still trying to restore operations, warns clients that it's taken its email system offline and to be wary of messages
by Matt Carter Dec 22
Loan subservicer Dovenmuehle Mortgage laying off 212 workers
Illinois-based Dovenmuehle, which collects monthly payments from homeowners in all 50 states on behalf of lenders and investors, is trimming staff at Lake Zurich HQ but not closing down
by Matt Carter Dec 22
Developer accused of marketing in Spanish, closing in English
Colony Ridge, the developer of more than 40,000 lots northeast of Houston, says its clients have no opportunity to get a loan from anyone else and dismisses federal lawsuit as baseless
by Matt Carter Dec 22
Title insurer First American Financial is hackers' latest target
The nation's 2nd biggest title insurer issues terse statement saying it's taken some systems offline. Ransomware group Blackcat has infiltrated more than 1,000 computer networks
by Matt Carter Dec 21