Author Archives: Matt Carter

First American doubles down on Endpoint with $150M in funding

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Digital title and settlement services provider is looking to fill nearly 80 job openings in departments including finance and sales. Continue reading →

New Intercontinental Exchange Inc. indices track daily mortgage rates

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Average interest rates and other stats are pulled from the ICE Mortgage Technology platform, which processes about half of all U.S. mortgages applications. Continue reading →

New WFG tool offers insights on mortgage loans in the pipeline

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WFG’s MyHome Funder Dashboard minimizes the back-and-forth that often ensues when balancing files for disbursement, providing a balance figure that includes fees that escrow agents anticipate the lender will keep from the funding wire. Continue reading →

SimpleNexus acquires LBA Ware in bid to expand lender toolset

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LBA Ware CEO Lori Brewer, who founded the company in 2008, will join SimpleNexus as executive vice president and general manager. Continue reading →

Home sales predicted to close out 2021 with surprising strength

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Fannie Mae economists now expect that when the final numbers are in, sales of new and existing homes will grow by 4.7 percent to 6.8 million. Continue reading →

Mortgage rate projected to top 4% in 2022 as Fed tapering plan nears

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The Fed could begin tapering as soon as November, adding momentum to market forces that have been pushing mortgage rates up in recent weeks. Continue reading →

Keller Mortgage lays off 150 new employees following hiring spree

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After nearly doubling the company’s payroll to 1,000 employees, Keller Williams’ lending arm has laid off 150 new recruits, close to one-third of its recent hires. Continue reading →

More lenders jumping the gun on historic Fannie, Freddie loan limits

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Rocket Mortgage and United Wholesale Mortgage — the nation’s top two lenders — and at least five others are raising conforming loan limit to $625,000 ahead of an official FHFA announcement. Continue reading →

Mortgage rates for home loans hit highest levels since June

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Purchase loan applications rose 2 percent week over week, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey, released Wednesday. Continue reading →