NYCB's surprise $2.7B Q4 loss rekindles regional bank fears
Worries about commercial real estate are making jumbo mortgages costlier, since regional banks are a major provider of loans that are too big for Fannie Mae and Freddie Mac
by Matt Carter Mar 1
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
Bond market investors convinced Fed won't hike rates next week
Demand for purchase loans picks up slightly, and mortgage rates continue to remain below 2023 peaks, as latest inflation data out Wednesday doesn't ruffle investors who fund most mortgages
by Matt Carter Sep 13
Homebuyer mortgage demand hits highest level since May
Jumbo loan rates higher than conforming mortgages for 3rd week in a row as spread widens to 16 basis points, latest MBA lender survey reveals
by Matt Carter Jun 28
Morty now providing jumbo mortgages up to $3M in 44 states
Online mortgage marketplace focused on homebuyers has doubled its headcount over the last year to 70, as it continues to pursue a goal of serving homebuyers nationwide
by Matt Carter May 11
Making sense of the headlines: Could we see another housing meltdown?
Opinion
There will certainly be negative impacts on the housing market from COVID-19, but I anticipate that total existing home sales will drop this year by somewhere between 10-15%
by Matthew Gardner Apr 28
Making sense of the headlines: Why is there a housing shortage?
Opinion
The 4 major factors are land, labor, material costs and regulatory fees
by Matthew Gardner Apr 21
Making sense of the headlines: What will happen with interest rates?
Opinion
No one can truly answer this question until we know how mortgage lenders and homeowners who have chosen forbearance will fare
by Matthew Gardner Apr 13
Making sense of the headlines: Is the jumbo mortgage market collapsing?
Opinion
The jumbo market has not imploded, but economic uncertainty has led to fewer players in that space today
by Matthew Gardner Apr 6
CoreLogic reports cooling in mortgage fraud risk in San Francisco
Jumbo mortgages are among those reports as the most frequently met with fraud.
by Kimberley Sirk Nov 6