Futures markets still hold out hope for a March rate cut, even as annual inflation increased to 3.4 percent in December, moving away from the Fed’s 2 percent goal for the first time since September. Continue reading
Demand for purchase loans picked up last week as would-be homebuyers took advantage of rates that are still a full percentage point lower than 2023 highs. Continue reading
With the addition of new partners serving 713,865 members, myCUmortgage says it’s now helping nearly 200 credit unions originate, underwrite and service conventional and government-backed home loans. Continue reading
A record number of consumers surveyed by Fannie Mae expect mortgage rates to keep falling, a “significant shift” in expectations that could free homeowners from the so-called “lock-in effect.” Continue reading
Mortgage lender says an unauthorized party accessed its systems and encrypted some of its data, a tactic employed by ransomware groups to target more than 1,000 companies and organizations. Continue reading
Does the rapid slowdown in the economy mean a recession is now inevitable in the new year, or is a “soft landing” still possible? Economists are divided on the nation’s economic outlook for 2024. Continue reading
The company’s first group CMO will be responsible “for creating a unified and compelling voice for all businesses” under the Rocket umbrella, including Rocket Mortgage, Rocket Homes and Rocket Money. Continue reading
Recent decline in rates is “some cause for optimism,” but requests for purchase loans are still down 12 percent from a year ago. Continue reading
Since acquiring SimpleNexus for $933.6 million and rebranding the company, nCino has been signing new clients and cross-selling its new mortgage capabilities to existing customers. Continue reading
The mortgage lending giant’s board of directors has been expanded from seven members to eight to accommodate the move. Krishna’s term will expire at the company’s 2026 annual meeting. Continue reading