Author Archives: Matt Carter

Inflation cooled in September, nearing the Fed’s 2% target

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Mortgage rates inch up as an expected decline in key inflation gauge does little to change expectations for rate cuts among investors who fund most home loans. Continue reading →

Latest jobs, GDP reports point to November Federal Reserve rate cut

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Relief would be good news for would-be homebuyers, although purchase loan applications are still up 10 percent from a year ago as mortgage rates hit highest levels since July. Continue reading →

Fannie and Freddie will let more buyers off the hook for an appraisal

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Appraisal waiver programs that rely on automated valuation models will be expanded next year to allow participation by homebuyers putting less than 20 percent down. Continue reading →

Mortgage rates back at 7% as bond market investors stage rebellion

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“Bond vigilantes” figure “no matter which party wins the White House and the Congress, fiscal policies will bloat the budget deficit and heat up inflation,” Wall Street veteran Ed Yardeni warns. Continue reading →

Redlining settlement wouldn’t resolve 1st Amendment questions

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The CFPB claimed statements made by hosts of Townstone Financial’s AM radio call-in show and podcasts discouraged Black Chicago residents from applying for a mortgage. Continue reading →

Profits roll in at Mr. Cooper as it pursues tech-fueled growth

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Deal to acquire Flagstar’s mortgage servicing business and correspondent lending platform is projected to grow Mr. Cooper’s servicing portfolio to $1.59 trillion. Continue reading →

Rising mortgage rates are taking their toll on homebuyer demand

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MBA lender survey shows demand for purchase loans is still slightly stronger than it was a year ago, when rates were soaring toward post-pandemic highs. Continue reading →

California is 2nd state to revoke LoanSnap’s license this month

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Costa Mesa, California-based provider of debt consolidation loans saw most of its business dry up last year and was evicted from its headquarters in May, according to Connecticut regulators who revoked the company’s license on Oct. 2. Continue reading →

Rocket Mortgage, Solidifi among defendants in appraisal bias suit

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Prosecutors allege appraisal that erased $220,000 from Denver duplex’s value discriminated against Black owner and thwarted her attempt to refinance at lower rates. Continue reading →

Mortgage rates bounce back to July levels on inflation worries

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Another worry for bond market investors is “quantitative tightening,” the Fed’s program to trim its massive holdings of government debt and mortgages. Continue reading →