Fannie, Freddie must curb appetite as demand for second homes soars

Demand for second homes and investment properties continues to hold steady at more than double pre-pandemic levels, despite Fannie and Freddie being ordered to limit their appetite for loans backed by these types of properties. Continue reading

Bad jobs report could hold silver lining for housing

The Fed now has justification to keep a tight lid on interest rates. But some fear that if employers are forced to raise wages too quickly, that could spark inflationary pressures and spook bond investors. Continue reading

Sellers absolutely have the upper hand in this housing market: Survey

In a first, more people thought April was a bad time to buy a home than a good time, according to Fannie Mae’s latest survey of home purchase sentiment. Continue reading

Accurate Group acquires Coast to Coast Title & Escrow

The deal expands Accurate Group’s presence in the Southeast and strengthens its national title insurance and closing capabilities. Continue reading

Weaker mortgage demand tied to low inventory, higher prices

Applications for mortgage purchase loans fell for the second week in a row at the end of April, according to the Mortgage Bankers Association’s weekly mortgage application survey. Continue reading

Homeowners are cashing out equity like it’s 2005

With home values soaring and mortgage rates still near historic lows, homeowners are cashing out home equity at volumes not seen since the height of the housing bubble. Continue reading

Nation’s fifth largest mortgage insurer joins the IPO craze

Genworth Mortgage Insurance Corp. will rebrand as Enact in a partial IPO that values the company at $3.6 billion and paves the way for a future spin-off. Continue reading

Propertybase launches new lead source for loan officers, small teams

BoldMortgage offers individuals and small teams access to many of the capabilities of Propertybase’s enterprise-level mortgage business growth platform, Unify. Continue reading