Author Archives: Matt Carter

Canada tightening mortgage standards as home prices soar

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Canada is tightening standards for mortgages over worries about rising home prices, with the Greater Toronto Area, Hamilton and Montréal markets particular causes for concern. Continue reading →

National delinquency rate dipped below 5% in April

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The national delinquency rate dipped below 5 percent in April, although nearly 1.8 million homeowners were at least 90 days behind on their mortgage payments, an increase of 1.3 million compared to before the pandemic. Continue reading →

Florida Realtors bring new challenge to federal eviction ban

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The CDC is facing another legal challenge of the federal agency’s nationwide eviction moratorium, this time from the Florida Association of Realtors, which claims the agency lacks the authority to be “the nation’s landlord-in-chief.” Continue reading →

Recovering economy is driving housing market’s potential: Study

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“Potential existing-home sales” rose to an adjusted annual rate of 6.31 million in April, up 1.3 percent from March, according to First American Financial’s Potential Home Sales Model. Continue reading →

Watchdog group asks FTC to review Quicken Loans mortgage ads

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The National Advertising Division of BBB National Programs takes issues with promises by Quicken Loans that “No Registration, No Login” is required in company advertisements “encouraging consumers to refinance their mortgage and learn more about its lo… Continue reading →

Inflation, rate increases pose risks to housing market, Fannie Mae says

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In their latest monthly forecast, Fannie Mae economists on Tuesday projected existing homes will sell at an annual pace of 5.88 million during April, May and June. Continue reading →

Doma adds Wells Fargo as a client as it prepares to go public

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Doma offers “instant underwriting” of title insurance for mortgage refinancing, along with remote and digital closing and escrow services for all types of mortgages. Continue reading →

Knock builds executive team as it prepares to go public

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The ‘Home Swap’ provider is aiming to boost headcount by 5X this year, with an eye toward expanding into 100 markets by 2023. Continue reading →