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by Daniel Houston Jan 22
mortgage shifts
Bernice Ross writes that the time to jump over the January slump is now, thanks to 3 recent shifts in the mortgage market that may yield new prospects from the data you already have
by Bernice Ross Jan 21
NAR economist says 'we're not anywhere near' a recession
Lawrence Yun shared his economic outlook Wednesday, saying that despite volatility the U.S. is still on track for 4 to 5 percent growth next quarter
by Marian McPherson Jan 21
What did Trump say about housing and mortgage rates at Davos?
President Trump kept his focus on a potential ban on institutional homebuyers and highlighted existing plans to buy $200B in mortgage bonds to drive down rates
by Taylor Anderson Jan 21
Mortgage
The latest numbers from the Mortgage Bankers Association show that applications for loans increased last week. Rates for a 30-year fixed rate loan averaged 6.16%
by Jim Dalrymple II Jan 21
Need a mortgage? Have crypto? Now you're in luck
Mortgage lender Newrez announced this week that it'll let would-be borrowers count their crypto assets when qualifying for a loan. The company said it's the first major lender to make such a move
by Jim Dalrymple II Jan 16
Mortgage firm Lower acquires Acopia Home Loans
Lower previously acquired residential portal and tech firm Movoto, and struck up a marketing partnership with HomeSmart. The Acopia deal helps the company expand in the Southeast
by Jim Dalrymple II Jan 14
4 times Redfin CEO Glenn Kelman showed he's one of a kind
From his start as a 'pugnacious' young exec to recent appearances on reality TV, Kelman has given the real estate community many memorable moments to reflect on as he leaves the industry
by Lillian Dickerson Jan 14
Latest Consumer Price Index data leaves door open for March rate cut
Inflation rose at an annual rate of 2.7% in December, leading many to believe the Fed will hold rates steady this month. But if market conditions cool, a March rate cut may be in the cards
by Lillian Dickerson Jan 13
DOJ investigates Federal Reserve
Jerome Powell issued a warning on Sunday that the Fed's independence was under threat of political intimidation, as evidenced by grand jury subpoenas served to the bank by the DOJ
by Lillian Dickerson Jan 12
Donald Trump and Jerome Powell, mortgage rates drop on Powell speech
Although $200B sounds like a lot of money, the impact and longevity of Fannie and Freddie's bond purchases on mortgage rates won't be as big as the Federal Reserve's
by Matt Carter Jan 9
Pulte pledges Fannie, Freddie's help in curbing home purchases by institutional investors
Trump's promise to "ban" big investors from buying more single-family homes renews the debate over whether such a move would be legal — or make much of a dent on affordability
by Matt Carter Jan 8
With mortgage rates down, home payments hit lowest level in 2 years
The 4.7% annual drop in monthly payments has yet to bring buyers or sellers back to the market in a significant way, but this may largely be due to seasonality, economists say
Homebuyer demand sags as mortgage rates stay range bound
Applications for purchase mortgages drops for a 5th consecutive week to the lowest level since October as mortgage rates continue to hover above 6%, MBA lender surveys show
by Matt Carter Jan 7
Newrez bets on AI with strategic investment in startup HomeVision
Top 5 lender and loan servicer says it's already using HomeVision's AI tech to evaluate collateral and will expand its capabilities to create an automated end-to-end underwriting platform
by Matt Carter Jan 7
Fannie, Freddie regulator vows to protect consumers from rising credit report fees
FHFA Director Bill Pulte's social media post dented Equifax, Experian and TransUnion shares as the Mortgage Bankers Association renewed calls to do away with tri-merge reporting
by Matt Carter Jan 6