Homebuyers are out in force and mortgage rates are coming down
With 7.24M Americans out of work in July and payroll growth slowing to an average of 35K jobs a month, the Fed is expected to pivot from fighting inflation to preserving jobs
by Matt Carter Aug 27
Small lenders oppose combining Fannie, Freddie into single entity
Mortgage giants should continue to operate as separate companies and be regulated like utilities with a cap on excessive fees and prohibitions on backing risky loans, industry group maintains
by Matt Carter Aug 22
Could your lender co-marketing violate RESPA? The Download
Learn more about a North Carolina 'pay-for-play' scheme, and get new ideas for optimizing your marketing while providing clients with the finance-related guidance they need
by Christy Murdock Aug 11
Lower mortgage rates get a few more homebuyers off the fence
Tariff uncertainties and job loss worries meant lower rates had a bigger impact last week on refinancing demand than homebuying, Mortgage Bankers Association surveys show
by Matt Carter Aug 6
Homebuilders cry 'uncle' as duties on Canadian lumber hit 27%
NAHB urges Trump administration to negotiate new softwood lumber agreement with Canada 'that will provide a fair and equitable solution to all parties and eliminate tariffs altogether'
by Matt Carter Aug 4
'Meme stock' surge lifts Opendoor out of delisting danger zone
While shares in rival iBuyer Offerpad also went on a rollercoaster ride in July, the company's market capitalization remains below the New York Stock Exchange's $50M minimum requirement
by Matt Carter Aug 1
RealPage acquires Rexera to serve condo lenders and title agents
A 2024 Inman AI Award winner, Rexera's AI agents automate workflows on condo sales by obtaining HOA documents and public records, extracting data and flagging potential issues
by Matt Carter Jul 29
Meme stock rally? Short squeeze? This iBuyer's share price is soaring
Opendoor, which posted a $392M 2024 net loss and faced delisting from the Nasdaq Stock Market, has seen shares surge 283% in the last month
by Matt Carter Jul 18
Homebuyers get cold feet as mortgage rates rebound from lows
Purchase loan applications came in last week at the slowest pace since May, as renewed concerns about the impact of tariffs drive up mortgage rates and weigh on consumer sentiment
by Matt Carter Jul 16
Fannie Mae and Freddie Mac are not accepting VantageScore 4.0
Once selling guides are updated, lenders will have the option of using either VantageScore 4.0 or the Classic FICO scoring model, but FICO Score 10 T remains in limbo, FHFA says
by Matt Carter Jul 16
Homebuyers rushed to lenders last week as mortgage rates dipped
Rates are on the rebound again as investors weigh how Federal Reserve policymakers will view a strong June jobs report and the Trump administration's threats to impose new tariffs in August
by Matt Carter Jul 9
Job loss fears, mortgage rates weigh on housing sentiment
Fannie Mae survey echoes polls by the University of Michigan and the Conference Board that found uncertainty over Trump administration's tariff policies is weighing on consumer confidence
by Matt Carter Jul 7
Rocket reorganizes to close Redfin acquisition, Mr. Cooper on deck
By handling every aspect of homebuying and selling, from search to financing to title and closing, Rocket aims to cut transaction costs on the median priced home in half, from $40k to $20k
by Matt Carter Jun 30
What homebuyers want right now is some certainty: Economist
NewHomeSource Chief Economist Ali Wolf will provide insights into economic factors, buyer behavior, and how market shifts are impacting consumers at Inman Connect San Diego
by Matt Carter Jun 27
Consumer sentiment about housing market rebounds
While just 26% of Americans said May was a good time to buy, that's up from 23% in April and 14% a year ago, an all-time survey low in Fannie Mae National Housing Survey
by Matt Carter Jun 9