Tag Archives: mortgage

Fed policymakers want more data, dash hopes of March rate cut

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Fed Chair Jerome Powell says a rate cut at the central bank’s next meeting is not “the base case,” with policymakers wanting to see more data showing inflation is on a sustainable path down to 2 percent. Continue reading →

Applications for purchase loans sag for first time in 2024

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Firming up of mortgage rates finally catches up with homebuyer demand, with applications for purchase loans falling by a seasonally adjusted 11 percent last week, MBA survey shows. Continue reading →

Chase Home Lending increases homebuyer grant to $7,500

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Chase has increased its grant to $7,500 in 8,500 of the 15,000 communities in its minority homebuyer program. The bank also removed the income requirement for its 3 percent down DreaMaker mortgage. Continue reading →

Assumable loan platform Roam offers seller closing guarantee

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If it takes longer than 60 days from the time an offer is accepted until close of escrow, Roam will make the homeseller’s mortgage payments for up 60 days after the scheduled closing date. Continue reading →

Shares in Mr. Cooper at all-time high as servicing portfolio hits $1T

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Moody’s upgrades credit rating of “powerhouse in mortgage servicing” as it restructures the debt it uses to fund growth by issuing $1 billion in unsecured notes at 7.125 percent. Continue reading →

ICE signs Raymond James Bank to use Encompass mortgage platform

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In announcing the second Encompass deal this month, ICE cites investments in mortgage technology and data that automate and accelerate the lending process from start to finish. Continue reading →

Does your ‘date-the-rate’ advice constitute deceptive advertising?

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CEO and new Inman Contributor Jillayne Schlicke explains how common phrases around financing and interest rates can land you and your business in hot water. Continue reading →

Inventory problems to stick around for a ‘very long time’

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Shant Banosian of Guaranteed Rate told Inman Connect New York attendees Thursday that a seller’s market is likely to persist for years. Continue reading →

In mortgage and finance, high rates are ‘a little bit of a blessing’

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Wednesday’s panel at ICNY 2024 says a high interest rate environment will continue driving innovation in the mortgage and finance sector. Continue reading →