Homebuyers still have jitters about the economy and job market
Mortgage rates have stabilized and more inventory is coming online, but applications for purchase loans fell by a seasonally adjusted 6% last week compared to the week before
by Matt Carter Jul 30
RE/MAX stays profitable as US agent count, revenue decline
The franchisor's total agent count grew 2.5% from a year ago, to 147,073. But a growing proportion of those agents work outside of RE/MAX's main markets, the US and Canada
by Matt Carter Jul 29
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
Jobs report gives the Fed more leeway for a September rate cut
With Trump's Aug. 1 trade deal deadline looming, new readings on consumer confidence show would-be homebuyers may be getting less fearful that tariffs will tank the economy
by Matt Carter Jul 29
Rocket Companies CEO Varun Krishna and Mr. Cooper Chair and CEO Jay Bray.
Both companies have invested heavily in AI. But while Rocket consistently earns high marks for loan servicing, Mr. Cooper's J.D. Power rankings have been subpar for more than a decade
by Matt Carter Jul 28
Recruiting smarter for brokerage growth: Now Streaming
Tune in to Inman Access as Vija Williams, head of industry at Place, offers insights for recruiting high-performing real estate agents to your brokerage
by Inman Jul 25
Will home sales rebound? Closely watched forecasts say, 'Yes'
Economists at Fannie Mae and the Mortgage Bankers Association differ on how much room mortgage rates have to come down and how fast home price appreciation will cool
by Matt Carter Jul 24
Higher rates aren't stopping homebuyers from bargain hunting
Purchase loan requests are up 3% from a week ago and 22% from last last year even as mortgage rates climb to highest level in 4 weeks, Mortgage Bankers Association survey shows
by Matt Carter Jul 23
Rocket Companies CEO Varun Krishna and Mr. Cooper Chair and CEO Jay Bray.
After turning a $198M Q2 profit, CEO Jay Bray says the loan servicing giant intends to 'hit the ground running' with integrated platform when it merges with Rocket Companies later this year
by Matt Carter Jul 23
Luxury brokerage Douglas Elliman is now in the mortgage business
Mortgage broker Elliman Capital, a 'strategic alliance' with Associated Mortgage Bankers Inc., will offer traditional and specialty loan products 'from multiple national and regional lenders'
by Matt Carter Jul 22
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by Daniel Houston Jul 22
Elizabeth Warren calls Pulte out for social media attacks on Powell
114 posts in July alone raise 'significant questions about your judgment and commitment to operating FHFA in a responsible, competent, and lawful manner,' Senator scolds regulator
by Matt Carter Jul 21
Blend Labs embraces Doma's 'instant title decisioning' solution
Doma claims Upfront Title can saves borrowers 40% to 70% on title insurance and that in a trial run with Mr. Cooper the solution cut loan cycles by 3 days and saved borrowers hundreds of dollars
by Matt Carter Jul 18
Outside lawyers, WSJ editorial board urge Trump not to fire Powell
Trump administration would probably lose court battle, lawyers reportedly advise White House, and markets would react badly, 'The Wall Street Journal' editorial board warns
by Matt Carter Jul 18
Backers of rival mortgage credit scores wage public relations war
As new scoring models by Fair Isaac and VantageScore vie for acceptance by Fannie Mae and Freddie Mac, claims and counterclaims fly. For now, mortgage giants are stuck with FICO Classic
by Matt Carter Jul 17
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