There’s another rewards card aimed at homeowners: Mesa

Austin, Texas-based startup won’t have the space to itself, but partner Visa and backers providing $7.2 million in seed funding led by Streamlined Ventures like the company’s odds. Continue reading

Fall market preview: Rate cuts have finally arrived — is the recovery on?

It will take more than recent rate cuts for a recovery in home sales to gain traction, a new analysis of market data and economic forecasts suggests. Intel explores what’s at stake for the fall market. Continue reading

2024 could be worst year for home sales since 1995: Fannie Mae

Falling mortgage rates should help boost home sales by nearly 10 percent next year, but in the meantime, inventory shortages and affordability challenges are keeping a lid on sales in many markets. Continue reading

That big Fed rate cut was no panacea for housing: Fitch analysts

Fed easing was already priced into mortgage rates, but there’s room for more relief if investors who fund most home loans get less skittish about prepayment risk and quantitative tightening. Continue reading

OceanFirst Bank settles DOJ redlining allegations for $15M

Since launching an initiative to combat redlining in 2021, federal prosecutors have reached settlements with 13 mortgage lenders totaling more than $137 million. Continue reading

Fed begins rate-cutting campaign with reduction in federal funds rate

Central bank policymakers drop short-term rates by 1/2 percentage point and signal more cuts ahead, but much of the impact may already be priced in to mortgage rates. Continue reading

UWM and Rate join the $802K conforming loan limit party

With prices rising, it’s becoming standard operating procedure for big lenders like Rocket to help homebuyers avoid jumbo loan pricing by getting a jump on FHFA’s official announcement. Continue reading

The long view: Take the Inman Intel Index survey for September

A month into the NAR settlement era, the Inman Intel Index is tracking the impact on buyers, sellers, agents and brokerages. Add your voice to real estate’s most ambitious monthly survey today. Continue reading

7 tips for guiding homebuyers through the VA loan process

Are your clients considering a Veterans Affairs home loan? Let Clever Real Estate’s Luke Babich walk you through the most common pain points to help ease the process for your buyers. Continue reading

Pennymac joins Rocket in boosting conforming loan limit to $802,650

Lenders have gotten into the habit of helping some homebuyers avoid jumbo loans by raising their limits before an official announcement by Fannie Mae and Freddie Mac’s federal regulator. Continue reading