Author Archives: Matt Carter

Rocket Homes app puts listings on your car’s infotainment screen

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Integration with Apple CarPlay turns the commute “into an exciting and natural part of the homebuying journey” — unless you drive a Tesla. Continue reading →

Automating verifications lets loanDepot OK loans in minutes

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After months of beta testing, the melloNow underwriting engine can analyze credit reports, detect fraud, and validate income and employment data without human assistance. Continue reading →

Homebuyer sentiment tallies record low amid falling rates

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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 →

How low can they go? Mortgage rates back under 7% this week

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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 →

FNF still mum on whether it was target of ransomware attack

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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 →

Black Knight awarded $155.2M in PennyMac trade secrets lawsuit

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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 →

Fathom out to raise more than $7M by hiking agent fees, selling shares

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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 →

Lone Wolf invites mortgage lenders onto its broker-agent tech platform

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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 →

Fed Chair Powell’s attempt to deflate rate-cut expectations flops

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Investors who fund most mortgages remain convinced the Fed will begin lowering rates in the spring to avoid strangling the economy. Continue reading →