Author Archives: Matt Carter

First Community Mortgage announces ‘major’ expansion

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FCM lures talent from PrimeLending and invests in technology and diversity to fuel growth as mortgage rates force many lenders to downsize. Continue reading →

Mortgage database created to track bad actors now a recruiting tool

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Unique IDs created by Nationwide Multistate Licensing System can reveal competitors’ loan originations by product, loan amount, geography and loan officer. Continue reading →

Mortgage demand hits lowest level since 1997 as rates continue to rise

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Thirty-year, fixed-rate loans hit 6.982 percent on Oct. 13, a new 2022 high, according to an Optimal Blue Mortgage Market index. According to an index by Mortgage News Daily, rates were at 7.15 percent. Continue reading →

Insurance industry veteran re-ups for another 3 years as Stewart CEO

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Fred Eppinger who is credited with generating “record-setting growth and success” earned $5.15 million in total 2021 compensation, the company said. Continue reading →

CredEvolv coaches homebuyers to help them qualify for mortgages

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Integration with Freddie Mac’s HomeCoach tool lets housing counselors access automated underwriting tools used by mortgage lenders. Continue reading →

Heading off surprises helps keep deals on track as rates rise

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Power buyers and mortgage lenders are providing certainty to homebuyers and sellers, industry leaders said at Inman Connect on Tuesday. Continue reading →

Industry groups renew push for lower FHA mortgage premiums

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The Black Homeownership Collaborative also asks HUD to ditch a “life of loan” requirement that forces homeowners to continue paying mortgage insurance premiums in perpetuity. Continue reading →

Mortgage tech provider Lender Price partners with NEXA Mortgage

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The deal is the second Lender Price has announced this week to provide broader access to its marketplace product, pricing and eligibility engine. Continue reading →

For the first time, Fannie Mae now expects home prices to fall next year

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Economists at Fannie Mae project national home prices to decline by 1.5 percent and home sales by 21 percent in 2023 as Fed continues inflation fight. Continue reading →