Author Archives: Matt Carter

Bond yields soar again on Fed governor’s hawkish remarks

By | | Uncategorized
Comments Off on Bond yields soar again on Fed governor’s hawkish remarks

Fed Governor Michelle Bowman warns bankers that she thinks the Fed may need to hike rates more than once and keep them high next year to get inflation under control. Continue reading →

Rocket Mortgage now pricing loans of up to $750,000 as conforming

By | | Uncategorized
Comments Off on Rocket Mortgage now pricing loans of up to $750,000 as conforming

The move could help qualifying borrowers avoid taking out a jumbo mortgage at a higher rate as Rocket gets a jump on an expected increase in Fannie Mae and Freddie Mac’s 2024 loan limits. Continue reading →

Oldest US community bank to pay $9M to settle redlining allegations

By | | Uncategorized
Comments Off on Oldest US community bank to pay $9M to settle redlining allegations

Washington Trust “vehemently” denies the allegations but joins a long list of lenders who have coughed up $98 million in settlements since the DoJ launched an anti-redlining initiative in 2021. Continue reading →

Fannie, Freddie may get green light to buy more shared equity loans

By | | Uncategorized
Comments Off on Fannie, Freddie may get green light to buy more shared equity loans

Between 2018 and 2020, Fannie and Freddie purchased close to 600 shared equity loans, before realizing that current regulations might prohibit them from doing so. Continue reading →

Newzip signs third mortgage lender to its agent-matching service

By | | Uncategorized
Comments Off on Newzip signs third mortgage lender to its agent-matching service

State Employees Credit Union of Maryland is the third lender to sign with Newzip, which helps lenders court homebuyers by offering them discounts when they agree to work with preferred real estate agents. Continue reading →

Damn the torpedoes! Maxwell full speed ahead on acquisitions

By | | Uncategorized
Comments Off on Damn the torpedoes! Maxwell full speed ahead on acquisitions

The Denver-based mortgage tech provider is open to more deals after acquiring LenderSelect and Revvin and becoming a one-stop shop for more local lenders during a cyclical market downturn. Continue reading →

Latest Ocrolus offering is designed specifically for mortgage lenders

By | | Uncategorized
Comments Off on Latest Ocrolus offering is designed specifically for mortgage lenders

The leader in artificial intelligence-driven financial document automation has combined three of its solutions into a mortgage dashboard for classifying, capturing and analyzing borrower documents. Continue reading →

Better cuts mortgage sales team 2 weeks after $500M SPAC raise

By | | Uncategorized
Comments Off on Better cuts mortgage sales team 2 weeks after $500M SPAC raise

The lender has become more reliant on its B2B channel, with partnerships alongside companies like Ally Bank and American Express accounting for nearly half of its mortgage originations. Continue reading →

Serious mortgage delinquencies poised to bounce from 17-year low

By | | Uncategorized
Comments Off on Serious mortgage delinquencies poised to bounce from 17-year low

Early-stage delinquencies have increased for three months in a row, suggesting that delinquency rates may be nearing a bottom, according to first look at Black Knight Mortgage Monitor report. Continue reading →