Tag Archives: mortgage

Mortgage brokers warned of warehouse lending scammers

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Victims have been cheated out of hundreds of thousands of dollars overnight, with imposters also gaining access to borrowers’ sensitive personal information. Continue reading →

Calque unveils ‘light’ version of its ‘buy before you sell’ offering

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Touted as faster and more affordable, Calque’s new “Contingency Buster” product is tailored to homeowners who don’t need to tap their equity when buying their next home, executives say. Continue reading →

Borrowers clash on how far rates need to fall before they’re ‘Golden’

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How low do rates need to go to reinvigorate the housing market? Buyer and seller responses vary in the latest Inman-Dig Insights consumer survey, suggesting its contours are still being shaped. Continue reading →

Rocket funding 2-year rate buydowns for low-income buyers

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Lender creates and funds an escrow account that’s used to cover the difference between the full monthly mortgage payment and the payment with the reduced rate until the buydown expires. Continue reading →

HomeLight lands $20M, adds 40 new ‘Buy Before You Sell’ states

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HomeLight is partnered with more than 10,000 loan officers and 28,000 real estate agents to offer Buy Before You Sell in 46 states and Washington, D.C. — everywhere but Alaska, Massachusetts, New York and Rhode Island. Continue reading →

Investors now certain Fed will cut in September. But by how much?

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Falling mortgage rates have more homeowners interested in refinancing, but homebuyers are largely staying on the sidelines. Rates may now be poised for a bigger drop. Continue reading →

It will take time for falling rates to translate into sales: Fannie Mae

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Affordability challenges will limit growth in home sales to 0.5 percent this year — to just 4.78 million — before surging to 5.19 million in 2025, according to the latest housing forecast from Fannie Mae economists. Continue reading →

Bureau of Labor Statistics revises job growth downward by 818K

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The numbers suggest that the labor market cooled off much faster than was previously thought and is not in as strong a position as believed. The Federal Reserve now also has a case to make a bigger cut in interest rates than initially anticipated come … Continue reading →