Author Archives: Matt Carter

CFPB is latest target of Trump’s downsizing government campaign

By | | Uncategorized
Comments Off on CFPB is latest target of Trump’s downsizing government campaign

Democrats vow to fight moves to “unlawfully ‘delete’ this popular consumer watchdog that enjoys the broad bipartisan support of 4 out of 5 Americans.” Continue reading →

Anxiety over mortgage rates, rent and home prices begins to mount

By | | Uncategorized
Comments Off on Anxiety over mortgage rates, rent and home prices begins to mount

Inflation expectations surged after President Donald Trump announced plans to impose tariffs on goods from China, Canada and Mexico, a new University of Michigan survey of consumers finds. Continue reading →

Pullback in mortgage rates spurs refis but not purchase loans

By | | Uncategorized
Comments Off on Pullback in mortgage rates spurs refis but not purchase loans

Requests to refinance were up 12 percent week over week and 17 percent from a year ago last week after rates for 30-year fixed-rate loans pulled back to the lowest level in six weeks. Continue reading →

Optimal Blue is about to drop an AI assistant aimed at mortgage execs

By | | Uncategorized
Comments Off on Optimal Blue is about to drop an AI assistant aimed at mortgage execs

Conversational generative AI chat assistant, Ask Obi, is aimed at providing high-level insights “to better understand the data that drives their business.” Continue reading →

Better waiving $995 origination fee for repeat mortgage customers

By | | Uncategorized
Comments Off on Better waiving $995 origination fee for repeat mortgage customers

“Better Forever” incentive is not offered on HELOCs, nor to borrowers who apply through third-party platforms like LendingTree, CreditKarma, Bankrate or Nerdwallet. Continue reading →

Better waiving $995 origination fee for repeat mortgage customers

By | | Uncategorized
Comments Off on Better waiving $995 origination fee for repeat mortgage customers

“Better Forever” incentive is not offered on HELOCs, nor to borrowers who apply through third-party platforms like LendingTree, CreditKarma, Bankrate or Nerdwallet. Continue reading →

Better waiving $995 origination fee for repeat mortgage customers

By | | Uncategorized
Comments Off on Better waiving $995 origination fee for repeat mortgage customers

“Better Forever” incentive is not offered on HELOCs, nor to borrowers who apply through third-party platforms like LendingTree, CreditKarma, Bankrate or Nerdwallet. Continue reading →

LoanDepot partners with factory homebuilder Onx Homes

By | | Uncategorized
Comments Off on LoanDepot partners with factory homebuilder Onx Homes

With listings scarce and refinancings sluggish, the strategy of partnering with homebuilders to form joint ventures like Onx X+ Mortgage is to grow loanDepot’s purchase loan business. Continue reading →

Inventories on track to normalize in 40% of US markets this year

By | | Uncategorized
Comments Off on Inventories on track to normalize in 40% of US markets this year

After growing by 22 percent last year, inventory is “a bright spot for a market that’s been dealing with deep deficits in recent years,” according to ICE Mortgage Monitor report for February. Continue reading →

Wells Fargo closes 2 more consent orders in quest to shed asset cap

By | | Uncategorized
Comments Off on Wells Fargo closes 2 more consent orders in quest to shed asset cap

Getting out from under $1.95 trillion cap would allow the bank to grow its deposit base, providing more room on the balance sheet to originate jumbo mortgages too big for Fannie and Freddie. Continue reading →