Author Archives: Matt Carter

Fed policymakers want more data, dash hopes of March rate cut

By | | Uncategorized
Comments Off on Fed policymakers want more data, dash hopes of March rate cut

Fed Chair Jerome Powell says a rate cut at the central bank’s next meeting is not “the base case,” with policymakers wanting to see more data showing inflation is on a sustainable path down to 2 percent. Continue reading →

Applications for purchase loans sag for first time in 2024

By | | Uncategorized
Comments Off on Applications for purchase loans sag for first time in 2024

Firming up of mortgage rates finally catches up with homebuyer demand, with applications for purchase loans falling by a seasonally adjusted 11 percent last week, MBA survey shows. Continue reading →

Assumable loan platform Roam offers seller closing guarantee

By | | Uncategorized
Comments Off on Assumable loan platform Roam offers seller closing guarantee

If it takes longer than 60 days from the time an offer is accepted until close of escrow, Roam will make the homeseller’s mortgage payments for up 60 days after the scheduled closing date. Continue reading →

Shares in Mr. Cooper at all-time high as servicing portfolio hits $1T

By | | Uncategorized
Comments Off on Shares in Mr. Cooper at all-time high as servicing portfolio hits $1T

Moody’s upgrades credit rating of “powerhouse in mortgage servicing” as it restructures the debt it uses to fund growth by issuing $1 billion in unsecured notes at 7.125 percent. Continue reading →

ICE signs Raymond James Bank to use Encompass mortgage platform

By | | Uncategorized
Comments Off on ICE signs Raymond James Bank to use Encompass mortgage platform

In announcing the second Encompass deal this month, ICE cites investments in mortgage technology and data that automate and accelerate the lending process from start to finish. Continue reading →

‘Listing of the future’ will be virtual and multipurpose: ICNY

By | | Uncategorized
Comments Off on ‘Listing of the future’ will be virtual and multipurpose: ICNY

AI-driven, personalized listings will include an immersive virtual tour experience and data will be used not just for sales and marketing, but also restorations, renovations and appraisals. Continue reading →

Tale of 2 housing markets will linger into 2024, Zonda economist warns

By | | Uncategorized
Comments Off on Tale of 2 housing markets will linger into 2024, Zonda economist warns

With listings still in short supply, homebuyers are “dealing with an affordability shock” and new homes will play an outsize role in housing markets, Zonda Chief Economist Ali Wolf said at ICNY. Continue reading →

Competition for spring listings will be fierce and starts … NOW

By | | Uncategorized
Comments Off on Competition for spring listings will be fierce and starts … NOW

Realtor.com data suggests there will only be three listings per agent in 2024 and that sellers who want to close a deal in April are already looking for representation. Continue reading →