Tag Archives: mortgage

Redfin CEO Glenn Kelman is stepping down from the company

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After 20 years as CEO of one of the largest companies in real estate, Kelman says he now plans to find a role outside of the industry. Continue reading →

Latest Consumer Price Index data leaves door open for March rate cut

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The Consumer Price Index rose at an annual rate of 2.7 percent in December, leading many to believe the Fed will hold rates steady this month. But if market conditions cool in upcoming months, a March rate cut may be in the cards. Continue reading →

Fed chair responds to ‘political pressure, intimidation’ by Trump’s Justice Department

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Federal Reserve Chair Jerome Powell issued a rare warning in a video statement on Sunday that the Fed’s independence was under threat of political intimidation, as evidenced by grand jury subpoenas served to the bank on Friday by the DOJ under what Pow… Continue reading →

Trump’s mortgage bond promise already bringing rates down

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Although $200 billion sounds like a lot of money, the impact and longevity of Fannie and Freddie’s bond purchases on mortgage rates won’t be as big as the Federal Reserve’s. Continue reading →

Pulte pledges Fannie, Freddie’s help in curbing home purchases by institutional investors

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Trump’s promise to “ban” large institutional investors from buying more single-family homes renews the debate over whether such a move would be legal — or make much of a dent on affordability. Continue reading →

With mortgage rates down, home payments hit lowest level in 2 years

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The 4.7 percent annual drop in monthly payments has yet to bring buyers or sellers back to the market in a significant way, but this may largely be due to seasonality, economists say. Continue reading →

Homebuyer demand sags as mortgage rates stay range bound

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Applications for purchase mortgages drops for a fifth consecutive week to the lowest level since October, as mortgage rates continue to hover above 6 percent. Continue reading →

Newrez bets on AI with strategic investment in startup HomeVision

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The top five lender and loan servicer says it’s already using HomeVision’s AI technology to evaluate collateral and will expand its capabilities to create an automated end-to-end underwriting platform, including income, assets and credit. Continue reading →

Fannie, Freddie regulator vows to protect consumers from rising credit report fees

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FHFA Director Bill Pulte’s tweet dented Equifax, Experian and TransUnion shares as the MBA renewed calls to do away with tri-merge reporting. Continue reading →

First Federal grows mortgage biz with NOLA Lending acquisition

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The Florida-based thrift expands its retail mortgage operations into Louisiana and Mississippi, and will keep most of NOLA Lending Group’s employees and brand identity. Continue reading →