Changing of the guard demonstrates mortgage is just one component of a larger fintech strategy, with former Intuit, PayPal exec set to succeed interim CEO Bill Emerson on Sept. 5. Continue reading
Federal Reserve policymakers keep their options open for another rate hike in September, but futures markets investors and some economists think the Fed is probably done hiking rates. Continue reading
Thanks to its Home Point Capital acquisition and other pending transactions, the loan servicing giant delivered upbeat Q2 results Wednesday and expects to hit a $1 trillion target by year’s end. Continue reading
Previously a mortgage broker, the addition of direct loans expands Rocket Mortgage Canada’s product set and allows the company to match clients with real estate agents. Continue reading
A decrease in applications for FHA loans popular with first-time homebuyers helped push the average purchase loan application to $432,700, according to the latest MBA lender survey. Continue reading
The San Francisco-based startup lets homeowners tap their equity to obtain bridge loans and submit a “cash-equivalent offer” on their next home. Continue reading
Deals with Capital Title of Texas and Near North Title Group follow the sale of 22 retail title locations and operations centers in California to Williston Financial Group in May. Continue reading
Requests for purchase loans are still down 21 percent from a year ago last week, even as mortgage rates retreated from 2023 highs on encouraging inflation news. Continue reading
Lack of inventory driven by mortgage lock-in effect may persist if the Federal Reserve maintains a ‘higher-for-longer’ rate strategy to combat inflation, Fannie Mae economists said. Continue reading
CalHFA’s Dream For All loan program for first-time homebuyers burned through the first $300 million funding round in less than two weeks. Continue reading