Tag Archives: mortgage

Mariah Carey has racked up $18.6M in mortgage debt

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After buying a Tribeca penthouse for $9 million cash in 1999, the pop star has borrowed millions in loans on the pad’s equity in order to fund her lavish lifestyle. Continue reading →

Investors’ expectations for big Fed rate cut rise on new data releases

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Investors who fund most mortgages have already priced in several rate cuts, so further declines could depend on what next week’s “dot plot” says about expectations for the pace of future cuts. Continue reading →

Trump allies formulating plans to privatize Fannie and Freddie

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A new “Wall Street Journal” report reveals that talks about privatization have been taking place since the spring and have included Trump confidants Larry Kudlow and John McEntee. Continue reading →

Rocket is first mortgage lender to raise its conforming loan limits

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Rocket will treat loans of up to $802,650 as conforming ahead of expected increase. Last year UWM and Guaranteed Rate also got a jump on the official announcement. Continue reading →

Second-home mortgages decline amid economic uncertainty

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U.S. homeowners are showing less interest in taking on second-home mortgages, as elevated prices and economic jitters make these properties less appealing, Redfin reported on Thursday.
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Rate has now taken 10K loan applications en Español

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DHI Mortgage, Rate and CrossCountry Mortgage ranked as biggest employers of top-producing Latino mortgage originators by the National Association of Hispanic Real Estate Professionals (NAHREP) Continue reading →

Fed expected to be cautious in cutting rates next week

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A surprisingly large increase in core CPI, which excludes volatile food and energy prices, means Fed policymakers are likely to start out with a modest 25 basis-point rate cut when they meet next week. Continue reading →

Polly hiring after landing $25M in new equity funding led by 8VC

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New funding will allow Polly’s product and engineering teams “to double down on new product innovation,” including a new AI platform that was in closed beta testing with a number of the nation’s largest mortgage lenders in May. Continue reading →

Mortgage industry vet Diana Reid is first woman to lead Freddie Mac

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With former JP Morgan Chase Director Priscilla Almodovar serving as Fannie Mae’s CEO since 2022, both mortgage giants are now led by women for the first time in history. Continue reading →

More Americans think mortgage rates and home prices will drop

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Fannie Mae’s National Housing Survey shows there’s greater optimism about the future, but fewer than 1 in 5 consumers thought August was a good time to buy a home. Continue reading →