Author Archives: Matt Carter

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 →

There’s another rewards card aimed at homeowners: Mesa

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Austin, Texas-based startup won’t have the space to itself, but partner Visa and backers providing $7.2 million in seed funding led by Streamlined Ventures like the company’s odds. Continue reading →

2024 could be worst year for home sales since 1995: Fannie Mae

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Falling mortgage rates should help boost home sales by nearly 10 percent next year, but in the meantime, inventory shortages and affordability challenges are keeping a lid on sales in many markets. Continue reading →