Tag Archives: mortgage

This first-time homebuyer program is like winning the lottery

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California to use lottery system to allocate $220 million in “Dream for All” shared appreciation loans that cover down payments for first-time homebuyers. Continue reading →

Argyle sees path to profitability with $30M Series C raise

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Integrations helped the income and employment data provider grow its mortgage customer base and attract backing from Rockefeller Asset Management’s Fintech Innovation Fund. Continue reading →

NYCB’s surprise $2.7B Q4 loss rekindles regional bank fears

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Worries about commercial real estate are making jumbo mortgages costlier, since regional banks are a major provider of loans that are too big for Fannie Mae and Freddie Mac. Continue reading →

Scarce inventory, falling rates could boost home prices

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In December, a Pulsenomics panel of more than 100 housing experts expected homes to appreciate by 2.4 percent in 2024. Now they’re predicting prices will go up by 3.8 percent. Continue reading →

Mortgage rates ease for 2nd consecutive day on inflation data

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The Federal Reserve’s moves to trim $35 billion in mortgages from its balance sheet each month could keep mortgage rates from falling dramatically this year. Continue reading →

New rules for scoring mortgage borrowers coming in Q4 2025

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Fannie and Freddie’s federal regulator wants lenders to synchronize adoption of bi-merge credit reporting with more inclusive FICO Score 10T and VantageScore 4.0 scoring models. Continue reading →

Latest inflation numbers give mortgage rates some room to fall

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A key Fed inflation metric, the PCE price index, continues to drop toward the Fed’s 2 percent inflation target, falling from 2.6 percent annual growth in December to 2.4 percent in January. Continue reading →

UWM’s best year for purchase loans also produces $69.8M loss

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The nation’s biggest mortgage lender posts its first annual loss since going public in 2020, largely driven by $854.1 million in write-downs of mortgage servicing rights. Continue reading →

Homebuyer mortgage demand down for 5th consecutive week

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With mortgage rates hovering above 7 percent, requests for purchase loans were down by a seasonally adjusted 5 percent week over week and 2 percent lower than a year ago. Continue reading →