Mortgage rates keep falling after Powell tries to deflate expectations for the spring rate, as three new reports released this week suggest the economy is, in fact, losing steam. Continue reading
PennyMac is putting a positive spin on the arbitrator’s ruling, saying the decision allows it to continue to use the disputed loan servicing software “free and clear of any restrictions.” Continue reading
Better is the first lender to take advantage of the opportunity to generate prequalification letters for homebuyers through integration with Lone Wolf’s transaction management solution, Transactions. Continue reading
Faced with rising prices and rates, buyers are increasingly counting on personal loans and gifts to close deals, according to a survey of 3,000 potential buyers conducted by Dig Insights and Inman. Continue reading
Investors who fund most mortgages remain convinced the Fed will begin lowering rates in the spring to avoid strangling the economy. Continue reading
The nation’s largest title insurer won’t say whether it was the target of a ransomware attack, sparking speculation that it paid a ransom to hackers exploiting Citrix Bleed software vulnerability. Continue reading
A dip in the weekly average for 30-year mortgage rates dropped the average mortgage payment to $2,575 in November, and homebuyers are taking advantage. Continue reading
Demand for purchase loans picks up for fourth consecutive week, and bond market investors are pushing rates lower on hopes for Fed easing as inflation subsides. Continue reading
Annual home price appreciation of 5.5 percent pushes FHA loan limits up to a minimum of $498,257 in affordable markets, and to a ceiling of up to $1.72 million in high-cost states like Alaska and Hawaii. Continue reading
Surge in Q3 home price appreciation pushes conforming loan limit in high-cost markets to $1,149,825 for one-unit properties, and up to $2,211,600 for four-unit properties. Continue reading