Tag Archives: mortgage

Report documents culture of harassment at Guaranteed Rate

By Taylor Anderson | June 17, 2024 - 5:05 pm |June 17, 2024 Uncategorized

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A “Chicago Tribune” investigation included accounts from former employees who described accounts of sexual harassment, misogyny and bullying. Continue reading →

Mortgage rates have more room to fall on 2 new economic reports

By Matt Carter | June 13, 2024 - 8:12 pm |June 13, 2024 Uncategorized

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Key Fed inflation metric expected to drop June 28 following unexpected decline in May wholesale prices and jump in jobless claims to highest level since August 2023. Continue reading →

Fed cool on rate cuts despite encouraging May inflation report

By Matt Carter | June 12, 2024 - 9:16 pm |June 12, 2024 Uncategorized

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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. Continue reading →

Mortgage rates plummet as CPI report shows inflation cooling

By Matt Carter | June 12, 2024 - 7:16 pm |June 12, 2024 Uncategorized

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Rates have returned to last week’s levels, when applications for purchase loans leapt by 9 percent from the week before, and refi applications surged by 28 percent. Continue reading →

Newrez laying off nearly 500 workers after Rithm acquisitions

By Matt Carter | June 11, 2024 - 9:48 pm |June 11, 2024 Uncategorized

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Pending layoffs of 420 Newrez employees in Colorado and 53 workers in Florida follow $1.4 billion in acquisitions as parent company Rithm seeks to diversify beyond mortgage lending. Continue reading →

Flyhomes joins portal wars with launch of AI-powered search

By Matt Carter | June 11, 2024 - 12:30 pm |June 11, 2024 Uncategorized

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Cash-offer pioneer Flyhomes says it will partner with agents to expand nationwide after acquiring “conversational real estate search” tech from ZeroDown, hiring co-founders Laks Srini and Abhijeet Dwivedi. Continue reading →

Zillow, Redfin, Better seek to grow their mortgage businesses

By Mike DelPrete | June 10, 2024 - 3:35 pm |June 10, 2024 Uncategorized

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Even in a down market, companies can uncover key insights to grow market share, Mike DelPrete writes, as long as they have the cash to invest. Continue reading →

Nine out of 10 Americans agree: May was a bad time to buy a home

By Matt Carter | June 8, 2024 - 11:47 am |June 8, 2024 Uncategorized

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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. Continue reading →

Mortgage rates are spiking on Friday’s blowout jobs report

By Matt Carter | June 7, 2024 - 5:21 pm |June 7, 2024 Uncategorized

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Employers added 272,000 jobs in May, far exceeding the consensus view among economists that payrolls would rise by 180,000 and the average of 232,000 over the past year. Continue reading →

Hometown Lenders’ national expansion collided with rising rates

By Matt Carter | June 5, 2024 - 10:28 pm |June 5, 2024 Uncategorized

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In bankruptcy court, the Huntsville, Alabama-based mortgage lender says it plans to repay creditors by claiming more than $20 million in tax credits and clawing back $1 million from warehouse lenders. Continue reading →