Mortgage rates surge on Moody’s downgrade of US credit rating

Moody’s Ratings is the last credit agency to strip U.S. of most favorable debt rating over concerns that Congress and “successive U.S. administrations” have failed to tackle annual budget deficits, growing interest costs. Continue reading

How to increase agent productivity: Now Streaming

Tune in to Inman Access as Vija Williams, head of industry at Place, offers tips for getting your team off the sidelines and into production. Continue reading

Consumer sentiment is hurting, but economy hasn’t faltered

The University of Michigan Index of Consumer Sentiment slipped to 50.8 in May, its second lowest reading ever, as Americans fretted about tariffs, inflation and the job market. Continue reading

Redfin shareholder sues for more information on Rocket merger

Lawsuit seeks class action status to represent Redfin shareholders, claiming they need more information about financial advisor’s potential conflict of interest before June 4 merger vote. Continue reading

Homebuyers out in force for a 2nd week as mortgage rates stabilize

With more homes to choose from, purchase loan applications were up 18 percent from a year ago last week as buyers forged ahead despite economic uncertainty. Continue reading

Appraisal Institute rocked by NYT exposé, lawsuits by former execs

Professional association is fighting accusations that it knowingly reported inaccurate exam scores to state agencies and ignored a top executive’s alleged sexual harassment of multiple employees. Continue reading

CFPB rescinds dozens of policies as court battle over its fate rages on

A hearing on an order barring the Trump administration’s move to fire all but 200 of the CFPB’s 1,700 employees is set for Friday, with Democrats calling it an attempt to dismantle the bureau. Continue reading

This credit union has been sending leads to Anywhere for 36 years

Navy Federal RealtyPlus commission rebate program turns the credit union’s 14.5 million members into “high quality leads” for Better Homes and Gardens, Century 21, Coldwell Banker, Corcoran, ERA and Sotheby’s agents. Continue reading

Mortgage rules are changing. Here’s what agents need to know

Tune in to Inman Access as Rick Guerrero and Matt Carter discuss the mortgage industry’s latest moves and what they mean for agents. Continue reading

Blend seeks to sell Title365 as mortgage revenue shrinks in Q1

Blend posted a $9.4 million loss in the first quarter as the slow pace of home sales pulled revenue from its mortgage software suite down 22 percent from Q4. Its consumer banking suite brought in $9.6 million. Continue reading