The Royal Bank of Canada subsidiary is now offering grants of up to $50,000 in majority-Black or Hispanic census tracts in the metro Los Angeles market as part of a larger initiative to boost lending in underserved communities. Continue reading
The East Asian island country has experienced decades of near-0 percent interest rates and an abundance of inventory, but the government has started to increase rates as wages have seen a boost. Continue reading
Bond market investors who fund most mortgages are already certain the Fed will slash rates this month. The question has become how much will policymakers cut on Sept. 18, Nov. 7 and Dec. 18? Continue reading
If mortgage rates fall by another percentage point, ICE Mortgage sees homebuyers’ monthly payment dropping by $236 and nearly 7.2 million homeowners “in the money” for a refinance. Continue reading
Strategic partnership with D2 Asset Management will help shared equity pioneer go nationwide, after signing home equity agreements with more than 10,000 homeowners in 16 states. Continue reading
In a newly created role at Rocket Pro TPO, the former Sagent CEO is tasked with winning more business from mortgage brokers by leveraging Rocket’s data, technology and AI capabilities. Continue reading
PCE price index shows inflation continued to cool in July, but at a gentle enough pace that Fed policymakers are now seen as likely to only bring rates down by a hair in September. Continue reading
DC Attorney General Brian Schwalb found that four title companies gave financial and other perks to real estate agents in return for homebuyer referrals. The companies have agreed to pay $3 million. Continue reading
The Fed doesn’t have direct control over mortgage rates, but they’ve been coming down as investors are increasingly convinced that policymakers will be cutting rates at their three remaining meetings this year. Continue reading
Shares in the cloud banking solutions developer are down 14% after the company says the mortgage technology business it acquired for nearly $1 billion in 2022 has been a drag on growth but is expected to pick up. Continue reading