Author Archives: Matt Carter

‘We’re turning every consumer into an iBuyer’: Ribbon CEO

By Matt Carter | May 18, 2021 - 4:04 pm |May 18, 2021 Uncategorized

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The founders of two cash offer companies — Ribbon’s Shaival Shah and Homeward’s Tim Heyl — discussed how they are working to empower agents at Connect Now. Continue reading →

Black Knight acquires analytics firm eMBS Inc.

By Matt Carter | May 17, 2021 - 9:09 pm |May 17, 2021 Uncategorized

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Real estate data provider Black Knight has acquired eMBS Inc., a Tampa-based company that tracks the performance of nearly $7.5 trillion in mortgage-backed securities backed by Fannie Mae, Freddie Mac and Ginnie Mae. Continue reading →

Share of mortgages in forbearance continues to dwindle

By Matt Carter | May 17, 2021 - 8:08 pm |May 17, 2021 Uncategorized

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About 2.1 million homeowners remain in forbearance, and close to half of those borrowers haven’t made a payment in more than a year. Continue reading →

Demand for mortgages sagged in April

By Matt Carter | May 17, 2021 - 1:53 pm |May 17, 2021 Uncategorized

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New data from Black Knight shows drop in rate locks for purchase loans and refinancing. Continue reading →

Half of big lenders still get most mortgage applications on paper

By Matt Carter | May 14, 2021 - 4:14 pm |May 14, 2021 Uncategorized

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More than nine out of 10 mortgage lenders offer online applications, but a surprisingly large proportion of their customers aren’t using them. Continue reading →

Genworth postpones IPO of its mortgage insurance business

By Matt Carter | May 13, 2021 - 8:52 pm |May 13, 2021 Uncategorized

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Citing volatile trading in shares of mortgage insurers, Genworth Financial has postponed plans to sell off part of its mortgage insurance subsidiary in an initial public offering. Continue reading →

Inflation concerns not reflected in latest mortgage rate survey

By Matt Carter | May 13, 2021 - 8:27 pm |May 13, 2021 Uncategorized

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A weekly mortgage rate survey from Freddie Mac shows rates continuing to slide, but the snapshot of average rates over a seven-day period doesn’t fully reflect new data that’s pushed rates up this week on renewed worries about inflation. Continue reading →

Blackstone Group, TruAmerica buy 5,800 apartments in San Diego

By Matt Carter | May 12, 2021 - 9:07 pm |May 12, 2021 Uncategorized

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In what’s believed to be one of the biggest real estate deals in San Diego County history, the investment firm says it plans to spend $100 million renovating the properties. Continue reading →

Quicken Loans will officially rebrand as Rocket Mortgage

By Matt Carter | May 12, 2021 - 6:45 pm |May 12, 2021 Uncategorized

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Rocket Mortgage has eclipsed the Quicken Loans brand in the minds of consumers so the company plans to officially change its name on July 31. Continue reading →

Dip in mortgage rates boosts interest in purchase loans, refinancing

By Matt Carter | May 12, 2021 - 5:14 pm |May 12, 2021 Uncategorized

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A dip in mortgage rates to the lowest levels since February helped boost applications for both purchase mortgages and refinancing last week, the Mortgage Bankers Association reports. Continue reading →