Author Archives: Matt Carter

Demand for mortgages sagged in April

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

Comments Off on Demand for mortgages sagged in April

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

Comments Off on Half of big lenders still get most mortgage applications on paper

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

Comments Off on Genworth postpones IPO of its mortgage insurance business

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

Comments Off on Inflation concerns not reflected in latest mortgage rate survey

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

Comments Off on Blackstone Group, TruAmerica buy 5,800 apartments in San Diego

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

Comments Off on Quicken Loans will officially rebrand as Rocket Mortgage

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

Comments Off on Dip in mortgage rates boosts interest in purchase loans, refinancing

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 →

Guild Mortgage acquires foothold in the Northeast

By Matt Carter | May 11, 2021 - 9:56 pm |May 11, 2021 Uncategorized

Comments Off on Guild Mortgage acquires foothold in the Northeast

After going public last fall, Guild Mortgage is expanding its footprint into the Northeast with an agreement to acquire South Portland, Maine-based Residential Mortgage Services Holdings Inc. for roughly $197 million. Continue reading →

Better is the latest mortgage company to go public

By Matt Carter | May 11, 2021 - 8:24 pm |May 11, 2021 Uncategorized

Comments Off on Better is the latest mortgage company to go public

The parent company of Better Mortgage is going public through a merger with a blank-check firm, raising $778 million it can use to grow not only its mortgage business but also its real estate brokerage and title insurance businesses. Continue reading →

End of mortgage payment relief looms for 2.2M homeowners

By Matt Carter | May 10, 2021 - 10:38 pm |May 10, 2021 Uncategorized

Comments Off on End of mortgage payment relief looms for 2.2M homeowners

Many homeowners who were granted forbearance during the pandemic are scheduled to hit 18-month program eligibility limit at the end of September. Continue reading →