Tag Archives: mortgage

Financial tech giant strikes deal to acquire Black Knight

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Intercontinental Exchange has agreed to acquire Black Knight, a mortgage-industry service provider, at a valuation of $13.1 billion, it was announced Wednesday. Continue reading →

Mortgage rates may level off as Fed unveils details of tightening plan

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Mortgage rates may level off despite the biggest short-term interest rate hike in 20 years thanks to the certainty the Fed is providing about its plans to shrink its nearly $9 trillion balance sheet. Continue reading →

Is now a good time to buy a home? Agents confront mortgage riddle

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Buyers have watched mortgage rates shoot from 3 percent to 5 percent this year alone, and that common refrain — “Is it really the best time to buy?” — is always top of mind for clients, agents told Inman. Continue reading →

Purchase loan demand perks up as mortgage rates plateau

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MBA forecaster Joel Kan sees the uptick in loan requests as a “potentially a good sign for the spring home buying season, which has seen a slow start thus far.” Continue reading →

Shared equity platform Point to launch down payment product

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New offering will provide up to 15 percent of a home’s purchase price to put toward a down payment, helping buyers qualify for pricier homes and avoid private mortgage insurance. Continue reading →

Mr. Cooper lays off originators while mortgage servicing business booms

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Citing impact of rising rates on mortgage originations, Mr. Cooper laid off 250 workers during the first quarter, with more reductions in store. Continue reading →

‘Caste’ author: Sordid history of unfair housing cannot be left as-is

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Isabel Wilkerson urged attendees at the Realtors Legislative Meetings at NAR midyear to roll up sleeves and fix the consequences of past racist policies without guilt, shame, blame or emotion. Continue reading →

Housing affordability races toward levels not seen since 2006 bubble

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If mortgage rates rise by another half a percentage point — or if home prices go up another 5 percent — affordability will hit the worst levels on record, Black Knight warned on Monday. Continue reading →

How an appraisal gap guarantee can help you land a house

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In the current real estate market, buyers need to think outside the box to get a house they love. Bill Gassett offers advice on what to do if there are issues with appraisals. Continue reading →