Author Archives: Matt Carter

Surprisingly strong jobs report sends interest rates soaring

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Drop in unemployment claims on the heels of hawkish Fed warnings sends 10-year Treasury yields soaring to a 15-year high, with mortgage rates likely to follow. Continue reading →

Fed stays put but is prepared to hike rates one more time this year

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Treasury yields, a barometer for mortgage rates, barely budged Wednesday as bond market investors look ahead to next year when the Fed is expected to start bringing short-term rates back down. Continue reading →

Demand for purchase loans picks up, but so do mortgage rates

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Applications for FHA mortgages and conforming loans backed by Fannie and Freddie were up last week, even as rates crept back toward 2023 highs registered in August. Continue reading →

Investors who fund most home loans get new climate risk tool

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Intercontinental Exchange Inc. teams up with DeltaTerra Capital to translate physical climate risk estimates into financial risk assessments factoring in default risk, asset price depreciation and insurance costs. Continue reading →

Mild recession, elevated mortgage rates eyed in 2024: Fannie Mae

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Fannie Mae economists predict “mild recession” next year, but say mortgage rates may not ease as much as previously expected. Continue reading →

Head of LoanDepot’s retail division steps into newly created role

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Dan Hanson, the former head of loanDepot’s retail division, will develop “new revenue-generating opportunities” as the mortgage lender’s executive director of enterprise partnerships and acquisitions. Continue reading →

Constellation Software handed the keys to Empower, Optimal Blue

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To satisfy antitrust regulators, ICE divests itself of Black Knight’s loan origination and mortgage pricing businesses, but gets access to mortgage loan servicers and MLSs in $11.9 billion merger. Continue reading →

VC-backed Roam seeks to connect buyers to assumable mortgages

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In theory, any government-backed FHA, VA and USDA loan is assumable, and with mortgage rates at levels not seen in two decades, interest in this little-used option has been growing. Continue reading →

California homebuyers will finally get the option to close virtually

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Although the timeline is uncertain, the nation’s most populous state is on track to fall in line with 44 others that allow RON, a process that can speed real estate closings. Continue reading →