Inman unveils 2024 class of ‘Best of Finance’ award winners
The awards recognize over 150 individuals and their companies for their innovation and impact in the mortgage and financial services spaces
by Inman Jun 17
Fed cool on rate cuts despite encouraging May inflation report
Policymakers now envision making just one rate cut this year, but investors who fund most mortgages are still betting the central bank will change its tune if inflation continues to ease
by Matt Carter Jun 12
Nine out of 10 Americans agree: May was a bad time to buy a home
Elevated mortgage rates and home prices are creating challenges for many homebuyers, and 86% said May was a bad time to buy — a new high in Fannie Mae surveys dating to 2010
by Matt Carter Jun 8
Hometown Lenders' national expansion collided with rising rates
In bankruptcy court, the Huntsville, Alabama-based mortgage lender says it plans to repay creditors by claiming more than $20M in tax credits, clawing back $1M from warehouse lenders
by Matt Carter Jun 5
UWM's 0-down loans a hit with buyers, worry consumer advocates
Unlike subprime loans that were subjected to minimal underwriting standards in the runup to the 2007 housing crash, new 0-down loans meet criteria set by mortgage giant Freddie Mac
by Matt Carter Jun 4
Rates ease as inflation gauge moves in the right direction
Mortgage rates have some room to come back down in June after PCE price index shows annual inflation easing to 2.65% in April, and Q1 2024 GDP growth revised downward to 1.3%
by Matt Carter May 31
Mortgage rates are bouncing back, and homebuyers don't like it
As rates on conventional mortgages head back above 7%, homebuyer demand for purchase loans is wilting, with applications dropping for a 3rd week in a row last week, MBA survey finds
by Matt Carter May 29
Mortgage rates staying below 2024 highs, but buyers indifferent
Bond market investors shrug off Federal Reserve Governor Christopher Waller's warning that he wants to see 'several more months of good inflation data' before cutting rates
by Matt Carter May 22
UWM expands program that dispenses with title insurance
Nation's largest mortgage lender says brokers 'will no longer need to work with a title company or settlement agent for title work, balancing fees, scheduling closing or any related communication'
by Matt Carter May 17
real estate agent commissions rose
For real estate agents, highlighting diverse financing options is one of the easiest ways to attract more traffic to their listings. Clever's Luke Babich shares programs and options to know about
by Luke Babich May 16
Mortgage demand picks up as rates retreat from 2024 highs
Some borrwers were quick to spring into action, with applications for purchase loans rising by a seasonally adjusted 2% and requests to refinance up 5% week over week, MBA survey shows
by Matt Carter May 8
Consumer disconnect: Good time to sell means it's a bad time to buy
Fannie Mae's latest National Housing Survey finds 67% of Americans agree April was a good time to sell, the highest level in nearly 2 years. But only 20% said it was a good time to buy
by Matt Carter May 8
10 answers to the questions confused buyers are asking now
Realtors and buyers are both confused right now, writes mega-team leader Carl Medford. To help buyers sort out the mess, here are our top 10 answers for buyer questions
by Carl Medford May 7
Homebuyers falter as mortgage rates hit new 2024 highs
Requests for purchase loans dropped by 1% last week compared to the work before and were off 15% from a year ago, according to the latest Mortgage Bankers Association lender survey
by Matt Carter Apr 24
Fed's 'higher for longer' gambit may yet cool home price gains
Fannie Mae and MBA economists are now in agreement that mortgage rates will come down only gradually this year and next but that home price appreciation will slow
by Matt Carter Apr 24