FHA, VA requests drive pickup in purchase mortgage demand

Rates surged and then pulled back last week in what could foreshadow more election-year volatility in the months ahead. Jerome Powell tells Congress Fed will remain above the fray. Continue reading

More lenders partner with Calque to offer ‘The Trade-In Mortgage’

EMM Loans, Searchlight Lending join growing list of mortgage lenders who have partnered with Calque to help homeowners tap their equity and buy before they sell. Continue reading

3rd round of layoffs at Newrez brings 2024 job cuts to 750

After cutting nearly 500 jobs after Computershare acquisition, lender to eliminate another 277 positions in August, including senior executives in Colorado, Arizona and Florida. Continue reading

Homebuyer sentiment rebounds in June from May’s record low

Fannie Mae’s monthly National Housing Survey shows many Americans may be underestimating the odds that mortgage rates will continue to pull back from 2024 peaks. Continue reading

Consumers want lowest mortgage rate, but most won’t shop for it

ICE Mortgage Technology survey finds 84 percent of homeowners who have taken out a mortgage in the last five years only considered one or two lenders before closing the deal. Continue reading

Mortgage rates retreating from 7% on ‘massive’ revision to jobs report

After spiking after the June 27 presidential debate, mortgage rates are trending down again on mounting expectations that the Federal Reserve will start cutting rates in September. Continue reading

EasyKnock juggling lawsuits, regulators in multiple states

Sale-leaseback platform tells NPR civil lawsuits in Texas and other states are “meritless” and that it’s cooperating with attorneys general in Massachusetts and Michigan. Continue reading

Homebuyer mortgage demand dips, breaking 3-week streak

Mortgage rates are on the rebound despite encouraging inflation data, as Fed policymakers warn “higher for longer” rate strategy will remain in place until they see more conclusive evidence the economy has cooled. Continue reading

Fewer homeowners constrained by mortgage lock-in effect

Two years ago, nine out of 10 mortgages had rates below 5 percent. Today, there are 5.8 million fewer sub-5 percent mortgages in the market and 1 in 4 borrowers has a higher rate. Continue reading

Aidium launches 24/7 customer support for mortgage lenders

Business intelligence and mortgage CRM platform’s expanded services follow $19 million Series A funding round led by PeakSpan Capital in April. Continue reading