Homebuyers get a break as big lenders redefine 'jumbo mortgage'
CrossCountry Mortgage joins Rocket, Pennymac, UWM and Rate in raising conforming loan limit above current $766,550 cap for Fannie Mae and Freddie Mac ahead of an official announcement
by Matt Carter Sep 24
Rocket is first mortgage lender to raise its conforming loan limits
Rocket will treat loans of up to $802,650 as conforming ahead of expected increase. Last year UWM and Rate also got a jump on the official announcement by Fannie and Freddie's regulator
by Matt Carter Sep 13
Is it time to debut your dual agency juggling act? The Download
How will agents master the delicate art of dual agency (and unlock double the opportunities), while balancing the fine line of fair representation?
by Christy Murdock Jun 8
UHM revamps leadership team to support growing national footprint
Ohio-based Union Home Mortgage boosted capacity by acquiring Amerifirst Home Mortgage. New divisional leadership structure supports a 'rapidly expanding, nationwide footprint'
by Matt Carter Apr 23
Get packing: 10 places that will pay you to live there in 2024
More and more places are turning to cash incentives or free land to lure new residents. Here are 10 to consider if you or your clients are thinking of making a change on the cheap in the new year
by Ben Verde Dec 27
FHA 2024 loan limits are headed up, chasing rising home prices
Annual home price appreciation of 5.5% pushes FHA loan limits up to a minimum of $498,257 in affordable markets and to a ceiling of up to $1.72M in high-cost states like Alaska and Hawaii
by Matt Carter Nov 29
Fannie and Freddie 2024 loan limits upped to $766,550 in most areas
Surge in Q3 home prices pushes mortgage giants' conforming loan limits in high-cost housing markets to $1,149,825 for single-unit properties, and up to $2,211,600 for 4-unit properties
by Matt Carter Nov 28
More lenders raise their conforming loan limit to $750K
Following Rocket's lead, UWM and Guaranteed Rate say they'll price mortgages of up to $750K as if they're eligible for purchase by Fannie Mae and Freddie Mac in anticipation of 2024 increases
by Matt Carter Oct 11
Inventory struggle is real, leaders declare in exclusive Inman survey
Leaders and agents who took Inman's first Intel leadership survey said inventory is among their biggest challenges right now — but growing in 2023 isn't totally out of the question
by Jim Dalrymple II Mar 13
Homes could get more affordable even if prices don't come down
Homebuyer affordability could improve by 9% by the end of next year if mortgage rates continue to fall and home prices plateau as expected, First American economist predicts
by Matt Carter Dec 27
Competition between top mortgage lenders for homebuyers heats up
Rocket Mortgage rolls out 'Inflation Buster' mortgage, which provides a lower rate for 1 year, as it battles rival United Wholesale Mortgage for homebuyer market share
by Matt Carter Sep 16
Big lenders get a head start, adopt $715,000 conforming loan limit
Moves by Rocket and United Wholesale Mortgage could help borrowers get better rates and make smaller down payments when taking out loans that were previously classified as jumbo
by Matt Carter Sep 7
RE/MAX's Motto Mortgage now has 200 offices in 39 states
With a new office in Alaska and an expanded presence in South Carolina, Motto Franchising has announced 7 new franchisees in 6 states so far this year
by Matt Carter Jul 12
US home prices continued rapid climb in the second quarter: FHFA
The second quarter of 2021 marked the 40th consecutive quarter of home price increases, according to Federal Housing Finance Agency data. Prices were up 17.4% year over year
by Lillian Dickerson Aug 31
BHGRE adds a record-breaking 14 new affiliates in 2021
Better Homes and Gardens Real Estate added a record number of new affiliates during the first half of 2021. The brand strengthened its presence in California and opened its first office in Alaska
by Marian McPherson Aug 3