PIMCO saw a bright future for now-bankrupt mortgage lender FGMC
Investment management firm acquired nonbank mortgage lender First Guaranty Mortgage as part of broader strategy to serve lower end of market
by Matt Carter Jul 1
Roostify, Indecomm aim to expedite gig workers' mortgage applications
The partnership integrates Indecomm's automated income calculation technology, IncomeGenius, into the Roostify Beyond platform to analyze income of self-employed borrowers
by Matt Carter Jun 29
First Guaranty Mortgage cuts 76% of workforce, leaving partners in lurch
Non-QM lender fires three-quarters of its workforce, saying it's experienced 'significant operating losses and cash flow challenges' and has been unable to obtain funding
by Matt Carter Jun 27
Delinquency rates remain at rock bottom, according to new report
CoreLogic reports the number of people behind on their mortgage payments fell to a new record low, helped by rise in home prices and past government protection
by Taylor Anderson Jun 14
Don't blame investors for run-up in home prices, Freddie Mac says
Researchers at the mortgage giant point to 4 things that drove the meteoric rise in home prices over the past few years. Investors weren't one of them
by Taylor Anderson Jun 13
The shifting market will slow prices down — but won't stop them cold
The market is reaching a turning point in which price reductions are more common. But that doesn't mean homes can't still appreciate in value
by Jim Dalrymple II Jun 7
CoreLogic Chief Economist Frank Nothaft dies unexpectedly
Before taking on the role of CoreLogic's chief economist, Nothaft spent nearly 3 decades at mortgage giant Freddie Mac
by Matt Carter Jun 6
Equifax 'coding issue' possibly skews thousands of mortgage credit scores
The 'coding issue’ reportedly affecting about 12 percent of credit scores calculated from March 16 to April 6, 2022, has been corrected, according to the company.
by Matt Carter May 31
Mortgage rates fall to 5.10% in biggest drop since 2020
Rates on 30-year fixed-rate mortgages have dropped 20 basis points in two weeks, the most dramatic decline since April 2020
by Ben Verde May 26
Zillow, Opendoor and Compass debut on the Fortune 500
The companies all debuted within a few slots of established player Realogy, and highlight both the role of tech in real estate and the rise of bitter rivalries
by Jim Dalrymple II May 23
Buyers got cold feet? 6 objection handlers to warm 'em up
Opinion
There is no question that rising interest rates have pushed us into a market shift. Here's how to have those all-important discussions with your buyer clients about timing, markets and budget
by Carl Medford May 17
A mortgage giant crunched 47 years of housing data. Here's what it found
The new Fannie Mae Home Price Index aims to capture a broader picture of the housing market. What it found was the fastest annual pace of home price growth in nearly half a century
by Matt Carter Apr 18
Mortgage tech provider Gateless looking to ride automation wave
The mortgage technology company founded by Guaranteed Rate CEO is integrating with Fannie Mae and Freddie Mac and partnering with Google Cloud, it was announced this week
by Matt Carter Apr 15
Would-be homebuyers rushed to lock in mortgage rates in March
Despite the fastest one-month rise in mortgage rates in nearly 13 years, purchase lock volume climbed 31% from February likely driven by borrowers moving to secure loans before rates rise
by Matt Carter Apr 10
New tools from Clear Capital facilitate desktop appraisals
Real estate agents and brokers approved by Clear Capital provide property information that supplements data from public sources, helping appraisers complete accurate desktop appraisals
by Matt Carter Mar 31