Author Archives: Matt Carter

Drop in mortgage rates not enough to spur homebuyers

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Although rates eased for the most popular type of mortgage among homebuyers — the 30-year fixed-rate conforming loan — rates for jumbo mortgages, FHA loans and adjustable-rate mortgages were up slightly. Continue reading →

Strong Fannie, Freddie results set the stage for debate over their future

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Both companies benefited from rising home prices, and a resurgence in refinancings prompted by falling mortgage rates, which have come down from 2021 peaks seen in March. Continue reading →

End of forbearance programs could strain loan servicers

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Forbearance programs that allowed homeowners with government-backed mortgages to put their monthly payments on hold during the pandemic will come to an abrupt end in the months ahead, straining the capacity of loan servicers tasked with helping borrowe… Continue reading →

LoanDepot’s ‘Grand Slam’ offer bundles agent, mortgage and title insurance

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LoanDepot and its agent matching subsidiary, mellohome, will offer cash rebates of up to $7,000 on bundled services. Continue reading →

Early investors bail on Doma’s SPAC merger

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Digital title, escrow and closing provider Doma raised less than anticipated in a SPAC merger this week, after paying out nearly $295 million to early investors who redeemed their shares. Continue reading →

Fed will keep buying $40 billion in mortgages every month

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As Fed’s balance sheet approaches $8 trillion, policymakers say path of the economy continues to depend on the course of the pandemic. Continue reading →

Truework speeding up income verification for gig-economy workers

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Truework is rolling out Credentials, a new service that lets workers log into their payroll provider to share verified income and employment data with their mortgage lender or other authorized third parties. Continue reading →