Tag Archives: mortgage

Rocket’s new loyalty program furthers lender’s fintech strategy

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After initial focus on mortgages, Rocket Rewards will be expanded to provide discounts on other “ecosystem” offerings including personal loans and solar panels. Continue reading →

Slight dip in mortgage rates not enough to spark homebuyer demand

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Demand for purchase loans fell 1 percent last week compared to the week before, and was down 41 percent from a year ago, according to a new Mortgage Bankers Association survey released Wednesday. Continue reading →

Real estate companies are about to tell us just how bad the downturn is

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Many of the industry’s big companies are about to report their third-quarter earnings. The reports will offer the first in-depth look at how firms coped with a rapidly cooling market. Continue reading →

Haven scores $8M Series A to help mortgage servicers cross market

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The latest funding round, led by Fifth Wall with participation by Fidelity National Financial, RWT Horizons and 1Sharpe Ventures, brings the total funding to date to $13.5 million. Continue reading →

Hints of more layoffs loom at Mr. Cooper as profits wane in Q3

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While growing loan servicing business remains profitable, according to Q3 earnings, paper gains on servicing rights could evaporate if interest rates fall and borrowers refinance out of portfolio. Continue reading →

Mortgage demand hits lowest level in 25 years as rates keep rising

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With a Fed meeting looming next week, rates on 30-year fixed-rate mortgages have surged well past the 7 percent threshold, a Mortgage Bankers Association survey released Wednesday shows. Continue reading →

Fannie, Freddie ordered to slash fees for many first-time homebuyers

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Regulators order mortgage giants to eliminate upfront fees on many purchase loans in order to help first-time homebuyers of limited means, the Federal Housing Finance Agency announced Monday. Continue reading →

Regret, reduce, relocate: The 6 biggest US luxury trends of 2022

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Amid a persistent uptick in interest rates, lingering inflation and economic uncertainty, luxury homebuyers are changing habits ever so slightly. Coldwell Banker notes six big trends to watch. Continue reading →