Demand for mortgages cools as rates bounce back to July levels

An uptick in mortgage rates following last week’s Federal Reserve meeting cooled demand for both purchase mortgages and refinancing, particularly for government-backed FHA, VA and USDA loans. Continue reading

Sustained surge in mortgage rates could dent home sales

In addition to worries about the potential impact of Fed tapering, there’s also uncertainty about the approaching U.S. debt ceiling and the future leadership of the Fed. Continue reading

Ideal Agent forges partnership extending into mortgage, title

Partnering with Incenter allows Ideal Agent customers a more streamlined process for finding and leveraging professional service providers when buying and selling a home. Continue reading

Are 15-minute mortgage loan approvals the future?

United Wholesale Mortgage says it developed automated document recognition and processing capabilities in-house that allow for an initial mortgage loan approval in minutes. Continue reading

Housing industry ‘will not be spared’ by climate change: MBA

Extreme weather could strain flood insurance to breaking point, undermine home prices, and drive mortgage defaults, according to the Mortgage Bankers Association. Continue reading

Ocrolus valued at $500M after raising $80M Series C round

The document automation platform is staffing up its machine learning and data science teams in the wake of a funding round led by Fin VC. Continue reading

Mortgage rates continue to flatline ahead of Fed tapering details

Mortgage rates stayed the course this week as lenders continued to monitor the Federal Reserve’s tapering plans. Continue reading

The Evergrande crisis: Everything real estate agents need to know

One of China’s largest property developers is in dire financial straits, and the world is watching. What does it mean for the U.S. housing market, real estate agents and the economy? Continue reading

Low mortgage rates keep home costs in an acceptable range

Ownership costs for the median home remain within a normal range but are nearing the point where lenders might start to balk. Continue reading