Author Archives: Matt Carter

Recruiting isn’t always about who’s the best, but who’s the best fit

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Recruiting and retaining agents is all about finding the people who are already the right fit for your culture and business model, brokers at Connect NYC say. Continue reading →

Real estate is not broken: Anywhere’s Sue Yannaccone

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Zillow’s market cap may be 50 times bigger than the franchise giant’s, but that doesn’t mean traditional industry players need to make a “fundamental pivot,” the CEO tells Brad Inman. Continue reading →

Elevated mortgage rates continue to chill homebuyer demand

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Mortgage rates hovering near “key psychological level” of 7 percent, a likely factor in the slow pace of applications for both refinance and purchase mortgages: MBA chief economist. Continue reading →

Rocket consolidates home search, mortgage with Rocket.com launch

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Announced Wednesday, Rocket’s new domain targets high-intent homebuyers by utilizing AI to provide around-the-clock support, answer questions and keep clients and agents informed. Continue reading →

What the new AI reasoning models mean for real estate

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ChatGPT is great for simple tasks like writing property descriptions or marketing materials. The latest AI reasoning models are capable of taking on complex assignments that once would have required a human assistant. Continue reading →

Trump’s executive order to address housing costs is short on specifics

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Mortgage lenders have renewed their calls to slash Federal Housing Administration mortgage insurance premiums to help buyers struggling with elevated housing costs and mortgage rates. Continue reading →

Rollout of new mortgage credit scoring models pushed back

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Plan to require lenders working with Fannie and Freddie to use FICO Score 10 T and VantageScore 4.0 models by Q4 2025 has been dropped, with new implementation date “TBD.” Continue reading →

Trump nominates homebuilder scion to oversee Fannie, Freddie

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The grandson of PulteGroup founder William J. Pulte, Bill Pulte is a private equity CEO, philanthropist and Trump loyalist with 3 million followers on X. Continue reading →

FTC warns of massive spoofing op impersonating mortgage lenders

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“Green Mirage” phone scam targets homeowners in all 50 states from India, using the caller ID of the borrower’s actual mortgage lender and tricking victims into making payments to U.S.-based “mules.” Continue reading →

MyCUmortgage signed 18 credit unions as new clients in 2024

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With three new clients signed in Q4, the credit union onboarded as mortgage partners in 2024 represent more than 421,000 members and $6.76 billion in assets. Continue reading →