Author Archives: Matt Carter

Homebuyer sentiment drops back to record low

By Matt Carter | October 7, 2021 - 12:30 pm |October 7, 2021 Uncategorized

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Even though most Americans think that sellers have the upper hand, two-thirds say they’d buy a home rather than rent if they were going to move. Continue reading →

Jump in rates cuts into demand for mortgages

By Matt Carter | October 6, 2021 - 11:00 am |October 6, 2021 Uncategorized

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Rising mortgage rates have curbed demand for refinancing and purchase loans after inflation worries pushed rates to highest levels since July. Continue reading →

Better enabling homebuyers to make cash offers in 12 states

By Matt Carter | October 5, 2021 - 9:46 pm |October 5, 2021 Uncategorized

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Better says its cash offer program will bring both buyers and sellers to its real estate brokerage business. Continue reading →

Fannie, Freddie loan limits set for record 50-year leap in 2022

By Matt Carter | October 5, 2021 - 12:42 pm |October 5, 2021 Uncategorized

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Lenders are betting that home prices kept skyrocketing during the third quarter, and that they’ll be able to sell the bigger loans to Fannie and Freddie once the conforming loan limit officially goes up on Jan. 1. Continue reading →

Demand for mortgages cools as rates bounce back to July levels

By Matt Carter | September 29, 2021 - 11:00 am |September 29, 2021 Uncategorized

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An uptick in mortgage rates following last week’s Federal Reserve meeting cooled demand for both purchase mortgages and refinancing, particularly for government-backed FHA, VA and USDA loans. Continue reading →

Sustained surge in mortgage rates could dent home sales

By Matt Carter | September 28, 2021 - 10:28 pm |September 28, 2021 Uncategorized

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In addition to worries about the potential impact of Fed tapering, there’s also uncertainty about the approaching U.S. debt ceiling and the future leadership of the Fed. Continue reading →

Are 15-minute mortgage loan approvals the future?

By Matt Carter | September 27, 2021 - 8:21 pm |September 27, 2021 Uncategorized

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United Wholesale Mortgage says it developed automated document recognition and processing capabilities in-house that allow for an initial mortgage loan approval in minutes. Continue reading →

Housing industry ‘will not be spared’ by climate change: MBA

By Matt Carter | September 27, 2021 - 2:15 pm |September 27, 2021 Uncategorized

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Extreme weather could strain flood insurance to breaking point, undermine home prices, and drive mortgage defaults, according to the Mortgage Bankers Association. Continue reading →

Ocrolus valued at $500M after raising $80M Series C round

By Matt Carter | September 27, 2021 - 2:00 pm |September 27, 2021 Uncategorized

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The document automation platform is staffing up its machine learning and data science teams in the wake of a funding round led by Fin VC. Continue reading →

Fed prepared to taper mortgage purchases this year

By Matt Carter | September 22, 2021 - 10:21 pm |September 22, 2021 Uncategorized

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The Fed’s debt purchases are credited with helping keep mortgage rates low during the pandemic. Continue reading →