Author Archives: Matt Carter

Most homebuyers forking out big bucks to buy down mortgage rate

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While mortgage rates have eased and home prices have fallen in many markets, affordability “still has a stranglehold on much of the market,” according to research released Monday by Black Knight. Continue reading →

UWM rolls out ‘one-time-close’ new construction loan in time for spring

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Homebuyers can put as little as 5 percent down when taking out a new construction loan, with one closing and an optional float-down to secure a lower interest rate, according to United Wholesale Mortgage. Continue reading →

Amerant Mortgage launches Midwest hub in St. Louis, Missouri

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Florida’s largest community bank, Amerant Bank, continues to grow the national footprint of its mortgage subsidiary, Amerant Mortgage, through acquisitions. Continue reading →

Essent scooping up Finance of America’s title businesses for $100M

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The struggling lender’s pivot to reverse mortgages creates an opportunity for the big private mortgage insurer to acquire Agents National Title and Boston National Title. Continue reading →

Mortgage rates may ease as modest Fed rate hike could be its last

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Fed Chair Jerome Powell is telegraphing one more small adjustment in March, but some bond market investors think the rate hike campaign may now be over. Continue reading →

Offerpad buys more time with $90M raise as end of runway approaches

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Private placement with existing investors including CEO Brian Bair extends the company’s cash burn runway by six months to a year, KBW analysts say. Continue reading →

In a first, Rocket Mortgage powers mortgages for a community bank

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Nashville, Tennessee-based Fourth Capital Bank is the first to integrate Rocket’s digital mortgage application using a new platform developed by Q2 Software. Continue reading →

Why top agents see market shifts as an opportunity to shine

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At Inman Connect New York on Wednesday, Dana Cadena, Kathy Helbig-Strick and Phillip Salem offered tips for making the transition from a seller’s market to a buyer’s market. Continue reading →