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
Job market is cooling, but not fast enough to alarm Fed policymakers
An estimated 7.24M Americans were unemployed in May, as hiring by private employers slowed to slowest pace since October and the federal government continued to shrink its payroll
by Matt Carter Jun 6
Senate Dems ask Pulte to put Fannie, Freddie revamp on hold
Lawmakers want assurances that privatizing the mortgage giants or taking them public won't drive mortgage rates up, or put investor profits 'over the homes of millions of Americans'
by Matt Carter Jun 6
How to talk with your clients about the economy: Now Streaming
Tune in to Inman Access as Jeff Tucker, principal economist at Windermere Real Estate, walks agents through client communication strategies
by Inman Jun 6
HUD and the FHFA are changing. Here's everything you need to know
Workforce cuts, the rescission of Fair Housing initiatives and COVID assistance, and multiple pathways for Fannie Mae and Freddie Mac are all under discussion at the federal housing agencies
by Marian McPherson Jun 5
Dip in mortgage rates doesn't do much to excite homebuyers
While purchase loan demand was still up 18% last week from a year ago, some of that demand may not translate into sales after unusual bump in cancelled purchase contracts
by Matt Carter Jun 4
Wells Fargo free to grow again after Fed lifts $1.95T asset cap
Lifting of the asset cap could give the bank greater leeway to originate jumbo mortgages that exceed Fannie Mae and Freddie Mac’s $806,500 conforming loan limit in most markets
by Matt Carter Jun 4
Redfin shareholders approve Rocket merger at special meeting
With antitrust regulators declining to weigh in, $1.75B deal to marry a tech-focused mortgage lender to real estate brokerage could close by the end of the month
by Matt Carter Jun 4
Rocket Companies CEO Varun Krishna and Mr. Cooper Chair and CEO Jay Bray.
Although Rocket's plans to acquire Mr. Cooper and Redfin are structured as all-stock deals, assuming their debts will leave Rocket more highly leveraged, Fitch analysts say
by Matt Carter Jun 3
Fannie and Freddie may stay in conservatorship: Regulator
Shares in mortgage giants tumble as investors weigh whether the Trump administration is more interested in mining Fannie and Freddie's profits than privatizing them
by Matt Carter Jun 3
Creating a better value proposition: Now Streaming
Tune in to Inman Access as Vija Williams, head of industry at Place, tells you how to rework your brokerage's value proposition for more effective recruitment
by Inman May 30
Inflation improved in April, but Fed not expected to budge on rates
Trump administration keeps up pressure on Fed, but investors don't expect the US central bank to cut short-term rates until September as policymakers weigh tariff impacts
by Matt Carter May 30
Motto Mortgage office (contributed photo).
Since peaking at 246 offices in the fourth quarter of 2023, RE/MAX's mortgage brokerage franchising business has experienced declines for 5 consecutive quarters
by Matt Carter May 29
Trump, Pulte shed more light on plans for Fannie and Freddie
Promise that the government will maintain 'implicit guarantees' of the companies' obligations suggests that what Trump has in mind is monetization, not privatization
by Matt Carter May 28
Fannie Mae taps Palantir to detect 'rampant' mortgage fraud
Head of mortgage giants' federal regulator, Bill Pulte, has made fraud an issue after leveling accusations against Trump opponent, New York Attorney General Letitia James
by Matt Carter May 28
Tariff fears are behind those big swings in consumer confidence
A surge in the Conference Board's Consumer Confidence Index for May made the preliminary numbers from a similar U of M survey look 'far too negative,' one economist told clients Tuesday
by Matt Carter May 27