Lower launches 'Realtor agnostic' cash-offer service, MortgagePass
Less than a month after partnering with Orchard to provide Power Buyer services, Lower pilots its own program in Columbus, Ohio, with plans to go nationwide
by Matt Carter Jun 14
Mortgage rates surge past 6% on fears of Fed tightening
Dramatic inflation reading fuels speculation that Federal Reserve policymakers will implement drastic 75-basis point interest rate hike Wednesday
by Matt Carter Jun 13
Mortgage rates under pressure again with inflation at 40-year high
Bond market investors are wary that the Fed will be forced to implement drastic 75-basis point rate hike in June or July, as soaring cost of gas, food and rents drive inflation to 8.6% in May
by Matt Carter Jun 10
Crypto Corner: How blockchain is changing real estate
Opinion
Rich Hopen invites you to jump down the crypto rabbit hole in his new series for Inman. First up, the basics of bitcoin and blockchain
by Rich Hopen Jun 10
RE/MAX's Motto Mortgage hires new VP of product to fuel growth
Chris Erickson, who joins Motto Mortgage as vice president of product and strategy, has held product management roles at Guaranteed Rate, CoreLogic, Nationstar Mortgage and Citi
by Matt Carter Jun 9
Lending activity plummeted during Q1, fastest YOY decline in 8 years
A report found overall residential lending to be down 32% between the 1st quarters of 2021 and 2022, with refinancing lending dropping 22% and mortgages dipping 18%
by Ben Verde Jun 8
Homeowners gained $3.8T in equity over the past year, CoreLogic says
Homeowner equity grew by 32.2% in the past year as the number of borrowers underwater on their mortgages fell to a new low. California, Hawaii and Washington led the way
by Taylor Anderson Jun 8
Mortgage demand drops to 22-year low as rates rebound: MBA survey
As Fed embarks on 'quantitative tightening' to trim $9 trillion balance sheet, interest rates could come under renewed pressure
by Matt Carter Jun 8
Better CEO to colleagues: Biden death would be a boon for business
New whistleblower lawsuit claims Vishal Garg made a series of puzzling declarations, including misstatements to SEC 'aimed at duping investors and shareholders' amid quest to go public
by Taylor Anderson Jun 8
Ribbon partners with Coldwell Banker Heritage for Ohio launch
Ohio is the sixth new state the New York-based Power Buyer has added this year, giving it a presence in 13 states
by Matt Carter Jun 8
The most important mortgage column you may ever read
Opinion
An “All-In-One-Mortgage” combines bank account, mortgage, and equity line of credit into a single product that lets you pay off your mortgage up to 18 years sooner
by Bernice Ross Jun 8
Here are the craziest ways you've kept a transaction together: Pulse
This week, we asked: What's the wackiest thing you've had to do to get a deal done? You answered with some doozies
by Inman Jun 8
Homebuyer sentiment hits new low for 3rd month in a row
Only 17% of Americans surveyed in May said it was a good time to buy a home, breaking previous record lows of 19% seen in April and 24% in March
by Matt Carter Jun 7
Loan servicing giant Mr. Cooper lays off another 420 workers
Investors warned of 'break even' second quarter as rising mortgage rates put a bigger-than-expected dent in loan originations
by Matt Carter Jun 3
You told us how your buyers are funding their purchases right now: Pulse
Opinion
This week, you shared the ways that your clients are funding their purchases, especially in the face of higher home prices and interest rates
by Inman Jun 1