Tag Archives: mortgage

PNC Bank partners with Blend to digitize mortgage applications

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“Strategic partnership” is a win for mortgage tech and title insurance provider Blend, which has cut its workforce by about 25 percent this year and racked up an accumulated $995 million deficit. Continue reading →

Moody’s says odds of recession have risen to ‘uncomfortably high’ 59.5%

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Investors who fund mortgages are demanding unusually high premiums in comparison to government bonds, out of fears the loans they make now could quickly be refinanced if rates drop. Continue reading →

Guaranteed Rate taking borrowers from application to close en Español

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Lender expands Spanish language access program launched in April to include disclosures that describe loan terms and fees. Continue reading →

A new normal, or a ‘new weird’? Home prices climb despite 6% rates

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As mortgage rates rose in recent weeks, so did home prices and purchase-loan applications. It’s a strange time, a Redfin economist says. Continue reading →

As it keeps hiking short-term rates, Fed stays the course on mortgages

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Fed Chair Jerome Powell says policymakers are not ready to start selling off Treasurys and mortgage debt to accelerate the balance sheet runoff. Continue reading →

Don’t expect mortgage rate relief in 2023, Fannie Mae warns in forecast

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Even though the economy is probably headed for a recession next year, the Fed is seen as having a ways to go before inflation is under control. Continue reading →

Demand for home loans picks up for first time in 6 weeks

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Rising demand for purchase loans and refinancing as rates climb to new highs underscores volatility, with Fed expected to continue rate hikes, according to the MBA’s latest Mortgage Applications Survey. Continue reading →

Paymints.io integrates into First American’s PRISM platform

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The move eliminates the need for paper checks by allowing title and real estate agents to request and receive electronic disbursement of earnest money and cash-to-close funds within the platform. Continue reading →