Tag Archives: Mortgage & Alternative Financing Month

The best and worst ways to handle layoffs as real estate cuts accelerate

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The housing industry has shed thousands of jobs recently, and more cuts may be in store. But some companies are handling the situation better than others. Continue reading →

Fannie Mae downgrades home sales expectations for 2022 and 2023

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Higher mortgage rates are now “housing market’s primary constraint,” economists at Fannie Mae said in a new forecast predicting home sales will fall 13.5 percent this year. Continue reading →

HomeLight raises $115M and acquires cash offer rival Accept.inc

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Scottsdale, Arizona-based HomeLight announced that its all-stock deal raises the company’s valuation to $1.7 billion and makes it the largest “agent-focused” cash offer program in the U.S. Continue reading →

Fed’s biggest rate hike in 28 years might not further impact mortgages

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After bond market sell-off Friday and Monday, investors take Fed’s 75 basis-point rate hike in stride. “The Fed managed to hint at today’s move,” said the CEO of one capital markets advisory firm. Continue reading →

Mortgage demand picked up last week before latest rate surge

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Homebuyer demand for purchase loans picked up before a bond market sell-off sent mortgage rates soaring past 6 percent, according to the MBA’s Weekly Mortgage Applications Survey. Continue reading →

WFG expands title agency footprint into Rocky Mountains

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Brian Phillips will head operations for the company’s new Rocky Mountain Region, encompassing Colorado, Utah, Montana and Wyoming. Continue reading →

Lower launches ‘Realtor agnostic’ cash-offer service, MortgagePass

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Less than a month after partnering with Orchard to provide Power Buyer services, Lower pilots its own program in Columbus, Ohio, with plans to go nationwide. Continue reading →

Mortgage rates surge past 6% on fears of Fed tightening

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Dramatic inflation reading fuels speculation that Federal Reserve policymakers will implement drastic 75-basis point interest rate hike Wednesday. Continue reading →

Mortgage rates under pressure again with inflation at 40-year high

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Bond market investors wary that Fed will be forced to implement drastic 75-basis point rate hike in June or July. Continue reading →