Fannie Mae economist warns that, while mortgage rates have retreated, the primary drivers of housing pessimism are persistent affordability challenges and worries about household finances. Continue reading
Mortgage rates keep falling after Powell tries to deflate expectations for the spring rate, as three new reports released this week suggest the economy is, in fact, losing steam. Continue reading
CEO Mike Nolan says FNF has resumed normal operations, and that customer disruption from the cybersecurity incident was “relatively brief” and included the Thanksgiving holiday weekend. Continue reading
PennyMac is putting a positive spin on the arbitrator’s ruling, saying the decision allows it to continue to use the disputed loan servicing software “free and clear of any restrictions.” Continue reading
Fee increases the flat-fee brokerage implemented for 2023 haven’t stopped Fathom from growing, with Sept. 30 agent count up 13 percent from a year ago, to 11,333. Continue reading
Better is the first lender to take advantage of the opportunity to generate prequalification letters for homebuyers through integration with Lone Wolf’s transaction management solution, Transactions. Continue reading
Investors who fund most mortgages remain convinced the Fed will begin lowering rates in the spring to avoid strangling the economy. Continue reading
The nation’s largest title insurer won’t say whether it was the target of a ransomware attack, sparking speculation that it paid a ransom to hackers exploiting Citrix Bleed software vulnerability. Continue reading
Demand for purchase loans picks up for fourth consecutive week, and bond market investors are pushing rates lower on hopes for Fed easing as inflation subsides. Continue reading
Annual home price appreciation of 5.5 percent pushes FHA loan limits up to a minimum of $498,257 in affordable markets, and to a ceiling of up to $1.72 million in high-cost states like Alaska and Hawaii. Continue reading