Author Archives: Matt Carter

LoanDepot says it has ‘full access’ to $600M Signature Bank credit lines

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The struggling mortgage lender assures investors that it has moved $225 million in cash that it held at Signature Bridge Bank to another institution. Continue reading →

Mortgage rates nosedive in fallout from Silicon Valley Bank failure

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Bank failures and a slowdown in wage growth have forecasters thinking the Fed will back off from an aggressive rate hike campaign next week. Continue reading →

Antitrust regulators move to block ICE’s $11.7B Black Knight acquisition

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The Federal Trade Commission alleges the deal would put an end to intense competition between the companies and drive up costs for lenders and homebuyers. Continue reading →

LoanDepot founder Anthony Hsieh determined to shake up board

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After being ousted as executive chair, Hsieh says he controls enough voting shares to install veteran real estate executive Steve Ozonian on the mortgage lender’s board of directors. Continue reading →

LoanDepot losses mount as company continues to shed workers

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The beleaguered mortgage lender racks up a $610.4 million 2022 net loss despite cutting 6,100 jobs as rising mortgage rates cut into the company’s lucrative refinancing business. Continue reading →

Mortgage rates headed past 7% after Powell warns Congress on inflation

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Futures markets are taking the Fed chair at his word that policymakers may have to hike rates faster and take them higher to combat inflation Continue reading →

Federal consumer watchdog flags mortgage servicers’ junk fees

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The CFPB alleges mortgage servicers charged excessive late fees, assessed “fake” private mortgage insurance premiums and made homeowners pay for unnecessary inspections. Continue reading →

After 3 months of improvement, homebuyer sentiment declines

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Fannie Mae’s National Housing Survey shows Americans are feeling less secure about keeping their jobs, and nearly 8 in 10 think it’s a bad time to buy a home. Continue reading →

Guaranteed Rate rolls out ‘Same Day Mortgage’ nationwide

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Properties must be eligible for an appraisal waiver, and like Better’s “One Day Mortgage,” some fine print can stand in the way of getting a loan approved in 24 hours. Continue reading →