Author Archives: Matt Carter

Strong December jobs report pushes mortgage rates higher

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Investors who fund most home loans are now convinced that the Federal Reserve won’t cut rates again until June after employers add 256,000 jobs in December. Continue reading →

Ally Financial’s exit from mortgage will impact Better, HouseCanary

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Ally, which originated $1 billion in mortgages in 2023 through a partnership with Better and is an investor in the company, is laying off hundreds of employees. Continue reading →

RE/MAX’s Motto Mortgage office count contracted again in Q4

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After four consecutive quarters of declines, Motto Mortgage had 225 open offices at the end of 2024, down 8 percent from last year’s peak of 246. Continue reading →

Mortgage demand crumbles as rates are on the rise again

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With mortgage rates back to where they were last summer, purchase applications are coming in at the slowest pace since February 2024, Mortgage Bankers Association lender survey finds. Continue reading →

Loan servicer agrees to $20M fine over 2021 cybersecurity breach

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Bayview Asset Management and affiliates settle allegations that security was deficient and state regulators were stymied in investigation of 2021 incident affecting 5.8 million customers. Continue reading →

Lower building in-house mortgage tech with Neat Labs acquisition

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Lower will integrate Neat Labs’ technology into its own cloud-based originations platform and onboard co-founder Steve Herschleb as chief technology officer, executives announced Tuesday. Continue reading →

Would-be homebuyers are still looking for conditions to improve

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Americans are more hopeful that the economy is on the right track than they were a year ago, but only 1 in 5 thought December was a good time to buy a home, Fannie Mae surveys show. Continue reading →

Manufactured homebuilder’s lender draws regulatory scrutiny

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Vanderbilt Mortgage, which also does business as Silverton Mortgage, is accused by CFPB of approving loans that it should have known borrowers couldn’t repay Continue reading →

Home prices hit new highs in 2024. These 2 factors could ease the pain 

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Prices hit record highs in 2024, making affordability just as big a problem as it was on the eve of the 2007 housing bust. But this time, prices in most markets are expected to decelerate, not fall. Continue reading →

Forecasters see strong economy keeping a lid on 2025 home sales

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According to Inman’s 2025 economic outlook, a soft landing for the economy would mean home prices keep rising and mortgage rates settle in at around 6%, with sales varying widely by region. Continue reading →