Author Archives: Matt Carter

Homebuyers entering the market even as mortgage rates stabilize

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Purchase loan applications are up 9 percent from a year ago, as inventories of new and existing homes increase and lower mortgage rates help with affordability: MBA. Continue reading →

Nation’s biggest mortgage lender, UWM, jumping on AI bandwagon

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Although it’s a wholesaler that doesn’t work directly with consumers, UWM has rolled out AI tools this year to help mortgage brokers serve both homebuyers and homeowners who might benefit from refinancing. Continue reading →

Synergy One acquiring national lender Mann Mortgage

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Kalispell, Montana-based Mann Mortgage, which operated branches in states throughout the West and Southeast, had tangled with regulators in Idaho and Washington. Continue reading →

Moreland Properties’ Sarah Railey on ‘Where do we go from here?’

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Like a car that was going 100 mph and has slowed down to 70 mph, Moreland Properties COO and broker of record says it’s “very healthy” that homes are taking a little longer to sell. Continue reading →

Figure now using OpenAI’s GPT to speed HELOC doc review process

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When combined with a newly launched chatbot powered by Google Gemini, Figure says AI-powered doc review will save $8 million while raising customer satisfaction scores. Continue reading →

New inflation data gives mortgage rates room to keep coming down

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With inflation continuing to inch closer to the Fed’s 2 percent goal in August, bond market investors are getting more confident that the central bank will continue to cut rates aggressively in November. Continue reading →

Homebuyer demand hardly budged as mortgage rates hit 2024 lows

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While many homeowners rushed to refinance, affordability is keeping a damper on sales. Now mortgage rates are climbing again, with investors having already priced in last week’s Fed rate cut. Continue reading →

Newrez parent company Rithm raising up to $391M in offering

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Proceeds from sale of up to 34.5 million shares, which hit a 52-week high on Sept. 19, to be used for corporate purposes that may include future acquisitions, investments or debt repayment. Continue reading →

Homebuyers get a break as big lenders redefine ‘jumbo mortgage’

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CrossCountry Mortgage joins Rocket, Pennymac, UWM and Rate in raising conforming loan limit above current $766,550 cap for Fannie Mae and Freddie Mac ahead of an official announcement. Continue reading →