Tag Archives: mortgage

Rising mortgage rates are taking their toll on homebuyer demand

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MBA lender survey shows demand for purchase loans is still slightly stronger than it was a year ago, when rates were soaring toward post-pandemic highs. Continue reading →

California is 2nd state to revoke LoanSnap’s license this month

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Costa Mesa, California-based provider of debt consolidation loans saw most of its business dry up last year and was evicted from its headquarters in May, according to Connecticut regulators who revoked the company’s license on Oct. 2. Continue reading →

Rocket Mortgage, Solidifi among defendants in appraisal bias suit

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Prosecutors allege appraisal that erased $220,000 from Denver duplex’s value discriminated against Black owner and thwarted her attempt to refinance at lower rates. Continue reading →

Mortgage rates bounce back to July levels on inflation worries

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Another worry for bond market investors is “quantitative tightening,” the Fed’s program to trim its massive holdings of government debt and mortgages. Continue reading →

Flagstar shedding 1,900 workers, but many could land at Mr. Cooper

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A majority of the 1,200 Flagstar employees being let go in $1.4 billion sale of the company’s mortgage servicing business will be offered the opportunity to transfer to Dallas-based Mr. Cooper. Continue reading →

How to use down payment assistance to close more deals

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Looking for a way to differentiate the service you provide to buyers? Luke Babich writes that a top-down knowledge of down payment assistance programs in your area can help you stand out from the crowd of other agents. Continue reading →

Would-be homebuyers put off by higher mortgage rates

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Demand for purchase mortgages fell by a seasonally adjusted 7 percent last week, and requests to refinance were down 26 percent as mortgage rates continued to climb, MBA survey finds. Continue reading →

Fairway blasts federal regulators in $10M redlining settlement

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Nation’s third biggest lender casts itself as a victim of politics, noting CFPB launched its investigation the day after Biden Administration took office. Continue reading →

Trump, Harris housing policies emerging from the rhetoric

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Housing policy has gotten short shrift in the debates, with a tight focus on immigration and inflation. But the candidates’ platforms — and Project 2025 — provide more details. Continue reading →