Author Archives: Matt Carter

RE/MAX’s Motto Mortgage aims for 1,000 offices nationwide

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Being named to Entrepreneur magazine’s 2023 Franchise 500 list puts some wind in the sails of the company’s long-term goals. Continue reading →

Homebuyers flinch as mortgage rates ascend toward 2023 highs

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Purchase loan applications fell by a seasonally adjusted 4 percent last week as mortgage rates surged on debt ceiling and inflation worries. Continue reading →

WFG swoops in to acquire nearly two dozen Doma title locations

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The struggling digital title and closing provider is set to receive up to $24.5 million with earnouts “based on the retention of specified employees” by WFG Continue reading →

Rocket’s new 1% down mortgage also picks up tab for PMI

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Lender estimates a hypothetical buyer putting down $2,500 on a $250,000 home could save $20,500 in private mortgage insurance payments over 7 years. Continue reading →

Housing is outperforming, but recession may still be in the cards

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Fannie Mae economists say “extraordinarily tight” inventories of existing homes driven by mortgage lock-in effect has shifted demand toward new homes. Continue reading →

Housing counseling agency sues its founder for alleged fraud

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The National Asian American Coalition said only a small percentage of the counseling sessions it billed California $12 million for was actually provided. Continue reading →

Republicans turn up heat on Fannie and Freddie mortgage fee flap

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The Federal Housing Finance Agency has formally requested public feedback on what its goals and priorities should be in setting Fannie Mae and Freddie Mac’s pricing structure. Continue reading →

Mortgage demand slips with homebuyers wary of rate volatility

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Rise in mortgage rates defies expectations as unusually wide “spread” between 10-year Treasury yields and mortgages reflects investor fears of another refi wave. Continue reading →

Wells Fargo agrees to pay $1B to settle shareholder lawsuit

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Investors claimed they were misled about bank’s progress in fixing governance and oversight issues that came to light in wake of 2016 “fake accounts” scandal. Continue reading →

Maxwell’s LenderSelect deal grows footprint with community banks

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The deal to acquire LenderSelect from Blue Ridge Bankshares will also enable “significant expansion” of the secondary market trading platform, Maxwell Capital. Continue reading →