Author Archives: Matt Carter

AI mortgage tech provider Gateless beefs up integrations

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New integrations with The Work Number and Informative Research are aimed at helping lenders speed underwriting approvals and reduce human error. Continue reading →

Navy Federal faces lawsuits over discriminatory lending allegations

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Lawmakers are demanding a federal investigation in the wake of a CNN analysis that concluded the nation’s largest credit union denied more than 50 percent of Black mortgage applicants in 2022. Continue reading →

Jump in key inflation gauge may delay mortgage rate relief

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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 →

Buyers take rebound in mortgage rates in stride as lenders tighten

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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 →

MyCUmortgage signed 13 credit unions as new clients in 2023

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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 →

Rates will continue to fall in 2024, consumers say in record numbers

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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 →

LoanDepot is latest real estate company to be targeted by hackers

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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 →

Economic Outlook: Recession may be what drives rates down in 2024

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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 →

Airbnb vet Jonathan Mildenhall to unify Rocket’s marketing efforts

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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 →