Author Archives: Matt Carter

Mortgage tech provider Polly launches new intelligence platform

By Matt Carter | March 12, 2024 - 9:02 pm |March 12, 2024 Uncategorized

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Lender Intelligence harnesses advanced data science and machine learning tools to give lenders a holistic view of their business and the wider competitive landscape. Continue reading →

UWM raises more than $1B by tweaking mortgage servicing

By Matt Carter | March 12, 2024 - 1:24 pm |March 12, 2024 Uncategorized

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Nation’s largest mortgage lender trims its servicing portfolio by nearly one-fourth, selling $70 billion in mortgage servicing rights for $941.2 million. Continue reading →

Housing Secretary Marcia Fudge stepping down March 22

By Matt Carter | March 11, 2024 - 8:56 pm |March 11, 2024 Uncategorized

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The surprise announcement comes as the Biden administration rolls out a $7.3 trillion budget proposal that would provide $258 billion to expand access to affordable housing. Continue reading →

Biden’s relaxed new Freddie, Fannie refi requirements irk title industry

By Matt Carter | March 11, 2024 - 1:56 pm |March 11, 2024 Uncategorized

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In a pilot program announced last week, the Biden administration cleared the way for Fannie Mae and Freddie Mac to let some homeowners refinance mortgages without paying for title insurance. Continue reading →

This first-time homebuyer program is like winning the lottery

By Matt Carter | March 7, 2024 - 10:10 pm |March 7, 2024 Uncategorized

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California to use lottery system to allocate $220 million in “Dream for All” shared appreciation loans that cover down payments for first-time homebuyers. Continue reading →

Homebuyers sit up and take notice as mortgage rates fall

By Matt Carter | March 6, 2024 - 8:40 pm |March 6, 2024 Uncategorized

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Purchase loan applications jump by a seasonally adjusted 11 percent after five consecutive weeks of declines as mortgage rates continue to retreat from 2024 highs. Continue reading →

Argyle sees path to profitability with $30M Series C raise

By Matt Carter | March 5, 2024 - 10:29 pm |March 5, 2024 Uncategorized

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Integrations helped the income and employment data provider grow its mortgage customer base and attract backing from Rockefeller Asset Management’s Fintech Innovation Fund. Continue reading →

NYCB’s surprise $2.7B Q4 loss rekindles regional bank fears

By Matt Carter | March 1, 2024 - 10:09 pm |March 1, 2024 Uncategorized

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Worries about commercial real estate are making jumbo mortgages costlier, since regional banks are a major provider of loans that are too big for Fannie Mae and Freddie Mac. Continue reading →

Scarce inventory, falling rates could boost home prices

By Matt Carter | March 1, 2024 - 7:20 pm |March 1, 2024 Uncategorized

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In December, a Pulsenomics panel of more than 100 housing experts expected homes to appreciate by 2.4 percent in 2024. Now they’re predicting prices will go up by 3.8 percent. Continue reading →

Mortgage rates ease for 2nd consecutive day on inflation data

By Matt Carter | March 1, 2024 - 7:12 pm |March 1, 2024 Uncategorized

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The Federal Reserve’s moves to trim $35 billion in mortgages from its balance sheet each month could keep mortgage rates from falling dramatically this year. Continue reading →