2 years ago, 9 out of 10 mortgages had rates below 5%. Today, ICE Mortgage Monitor data shows there are 5.8M fewer sub-5% mortgages, and 1 in 4 borrowers has a higher rate
Business intelligence and mortgage customer relationship management platform's expanded services follow $19M Series A funding round led by PeakSpan Capital in April
Before executive roles at CrossCountry Mortgage, Draper and Kramer, and Wintrust, Knapp spent more than a decade as a loan originator and executive at Guaranteed Rate
Investors who fund most mortgage loans weighed the impact of higher tariffs, tighter restrictions on immigration and an extension of 2017 tax cuts under a second Trump administration
The Federal Reserve's preferred inflation gauge fell to 2.56% in May, getting closer to the Fed's 2% target for the 2nd month in a row. Core inflation reading is lowest since March 2021
'The US housing market is stuck, and we are not convinced it will become unstuck anytime soon,' economists at Bank of America Global Research said of ongoing housing affordability issues
President of The Real Brokerage says agents are living in a 'small hinges swing big doors' world and that Inman Connect Las Vegas can help them learn a little skill that can move the needle a lot
Mortgage rates have been on the decline since late April, as closely watched data releases suggest the economy is cooling and that the Fed may start cutting rates as soon as September
Modest pilot program approved by federal regulators was opposed by banks who have traditionally provided most home equity loans, but nonbank lenders have already made inroads
Fannie Mae on Friday slashed its 2024 forecast as a result of weak spring home sales, but listings are returning to the market and mortgage rates look poised to drop, according to new projections
Fathom Holdings beefs up title coverage in 3 states with 'strategic addition' to geographic footprint by acquiring 9-person title agency with offices in Utah, Colorado and Virginia
Purchase loan applications have surged for 2 weeks in a row, but rates for conforming mortgages are inching back up toward 7% this week as investors weigh the odds of Fed rate cuts
NFM Lending is the first to take advantage of Knock API integrations, which let loan officers know if homebuyers can tap the equity in their existing home and buy before they sell
Card issuer Wells Fargo is losing as much as $10M a month as it eats interchange fees for users who are paying off balances after paying their rent, 'The Wall Street Journal' reports
Key Fed inflation metric expected to drop June 28 following unexpected decline in May wholesale prices and jump in weekly jobless claims to 242K workers, highest level since August 2023
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
Rates have returned to last week's levels, when applications for purchase loans leapt by 9% from the week before and refi applications surged by 28%, MBA lender survey shows
Pending layoffs of 420 Newrez employees in Colorado and 53 workers in Florida follow $1.4B in acquisitions as parent company Rithm seeks to diversify beyond mortgage lending
Cash-offer pioneer Flyhomes will partner with agents to expand nationwide after acquiring AI technology from ZeroDown and hiring co-founders Laks Srini and Abhijeet Dwivedi
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
