Author Archives: Matt Carter

Freddie Mac spotlights lenders for promoting affordable loans

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UWM, Rocket and Fairway were enthusiastic backers of Freddie Mac’s Home Possible mortgage in 2022, which lets low-income homebuyers put as little as 3 percent down. Continue reading →

Encompass users gain access to title data with Flueid integration

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ICE Mortgage Technology’s popular loan origination system connected to Flueid Decision for underwriter-backed title clearance decisions on properties. Continue reading →

Consumers finally get it: Mortgage rates are probably going down

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A more optimistic outlook of where mortgage rates are headed drives the largest increase in Fannie Mae’s Home Purchase Sentiment Index in more than two years. Continue reading →

Mr. Cooper closing in on $1T portfolio with Home Point deal

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After selling off originations businesses and laying off thousands, Home Point will sell $84 billion in mortgage servicing rights for $324 million in cash. Continue reading →

Fathom Realty narrows losses but agent growth slows in Q1

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With 10,628 agents on board as of March 31, Fathom grew by 258 agents in the first three months of the year but posted a $5.7 million Q1 net loss, according to an earnings call Wednesday. Continue reading →

Regulator rescinds new Fannie, Freddie fee for riskier borrowers

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Lending industry groups like the Mortgage Bankers Association called a fee based on borrower’s debt-to-income ratio “unworkable.” Continue reading →

Mortgage applications surged last week but rates are climbing again

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Applications for purchase mortgages rose 5 percent last week, but a strong jobs report and ongoing bank instability are pushing mortgage rates back up. Continue reading →

Blend trims Q1 loss as $37.3M in revenue beats guidance

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While the mortgage industry has been shrinking, Blend says it has been building its market share, processing 23.2 percent of mortgages originated in H2 2022. Continue reading →

Big Purple Dot launches recruiting tool for mortgage lenders

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BPD Recruit taps CoreLogic data to let lenders see who their competitors’ most productive loan officers are, then automates the process of luring them away. Continue reading →