Author Archives: Matt Carter

Real estate industry welcomes FHA premium cuts, with caveats

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Cuts are expected to save borrowers $678 million a year but don’t apply to existing loans or release homeowners who have built up equity from “life-of-loan” requirements. Continue reading →

Offerpad lost $24K on every home sold in Q4 as losses hit record high

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Offerpad sold more than 10,000 homes last year for the first time in company history, but posted a record $121.1 million fourth-quarter loss, according to an earnings call for the iBuyer on Wednesday. Continue reading →

CoreLogic snaps up mortgage technology provider Roostify

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The deal is touted as a way to give mortgage lenders critical information about borrowers and properties at the beginning of the loan process. Continue reading →

Homebuyer demand cools to lowest level since 1995 as rates rebound

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An MBA survey shows demand for purchase loans is down 18 percent week over week and 41 percent from a year ago as mortgage rates rise for the second week in a row. Continue reading →

‘Modest’ recession could put a lid on 2023 home sales: Fannie Mae

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Economic downturn could put a damper on a promising start to the spring homebuying season, but set the stage for mortgage rates to ease and for home sales to rebound in 2024. Continue reading →

Disparity in mortgage rates offered by lenders doubled in 2022: Study

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Homebuyers can potentially save $600 to $1,200 a year by applying for a mortgage with multiple lenders, according to research by Freddie Mac. Continue reading →

Motto Mortgage opened offices at a record pace in 2022 as sales slowed

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Double-digit growth in open offices was a bright spot for parent company RE/MAX Holdings, which reported a $2.6 million fourth-quarter net loss. Continue reading →

New Black Knight integrations ‘close the loop’ on digital mortgages

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Integration of Wolters Kluwer’s eNote and eVault capabilities into Black Knight’s digital closing solution, Expedite Close, eliminates the need for multiple vendors. Continue reading →

Study sounds the alarm on $187B ‘climate housing bubble’

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A study led by economists at the Environmental Defense Fund identifies some surprising regions, such as Appalachia and northern New England, as overvaluation hotspots. Continue reading →

Divvy Homes’ employees say there has been another round of layoffs

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Although Divvy has not yet responded to requests for comment, a half-dozen former employees posted on LinkedIn that they were laid off Wednesday. Continue reading →