Author Archives: Matt Carter

Fidelity to pay $3.5M in crackdown on ‘no-poach’ agreements

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Five title insurance companies have paid $8.25 million in the last 18 months to settle antitrust allegations leveled by New York Attorney General Letitia James. Continue reading →

Falling mortgage rates and home prices spur homebuyer interest

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Demand for purchase loans picks up for the fourth straight week as mortgage rates continue to retreat from 2023 highs, according to the latest Mortgage Bankers Association survey released Wednesday. Continue reading →

Rocket’s new Visa rewards card targets first-time homebuyers

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The credit card’s rewards points are structured to incentivize borrowers to choose Rocket Mortgage when financing their homes. Continue reading →

Fully digitized closings can save lenders more than $400 per loan

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Snapdocs research finds often overlooked secondary market efficiencies like reduced funding cycle time account for about 80 percent of savings. Continue reading →

Bank turmoil could spark ‘modest’ recession in second half of year

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Fannie Mae economists say jumbo mortgages and construction loans could get more scarce if regional banks tighten lending standards. Continue reading →

Fathom Realty still adding agents after raising transaction fees

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In reporting a $9.9 million fourth-quarter loss, Fathom executives said they see a path to profitability without saying exactly when that might happen. Continue reading →

Fed Chair Jerome Powell signals latest rate hike could be the last

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Mortgage rates expected to ease even as Fed vows to continue “quantitative tightening” that’s trimming mortgage holdings by $35 billion a month. Continue reading →

Homebuyer demand up 3rd week in a row as mortgage rates ease

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The unusually wide “spread” between 10-year Treasury yields and 30-year fixed-rate mortgages means mortgage rates could have more room to come down. Continue reading →

Software vendors gear up to support appraisal-free mortgages

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Starting April 15, Fannie Mae says more homebuyers will qualify for a program requiring full interior and exterior inspections that capture data and images throughout the property. Continue reading →

Guild’s McGarry will hand CEO reins to Terry Schmidt, her 1st hire

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Terry Schmidt was Mary Ann McGarry’s first hire at Guild in 1985, and the two led a 2007 management buyout of the company from founder Martin Gleich. Continue reading →