Tag Archives: mortgage

A new normal, or a ‘new weird’? Home prices climb despite 6% rates

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As mortgage rates rose in recent weeks, so did home prices and purchase-loan applications. It’s a strange time, a Redfin economist says. Continue reading →

As it keeps hiking short-term rates, Fed stays the course on mortgages

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Fed Chair Jerome Powell says policymakers are not ready to start selling off Treasurys and mortgage debt to accelerate the balance sheet runoff. Continue reading →

Don’t expect mortgage rate relief in 2023, Fannie Mae warns in forecast

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Even though the economy is probably headed for a recession next year, the Fed is seen as having a ways to go before inflation is under control. Continue reading →

Demand for home loans picks up for first time in 6 weeks

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Rising demand for purchase loans and refinancing as rates climb to new highs underscores volatility, with Fed expected to continue rate hikes, according to the MBA’s latest Mortgage Applications Survey. Continue reading →

Paymints.io integrates into First American’s PRISM platform

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The move eliminates the need for paper checks by allowing title and real estate agents to request and receive electronic disbursement of earnest money and cash-to-close funds within the platform. Continue reading →

Mortgage relief operation allegedly bilked homeowners out of $6.3M

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Los Angeles-based operation allegedly promised to help hundreds of distressed homeowners negotiate with lenders to lower their interest rates, monthly payments or principal amounts. Continue reading →

Staircase automates underwriting of private mortgage insurance

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MI Underwriting tool pulls documents and data directly from lenders, allowing mortgage insurers to make instant policy decisions at half the cost. Continue reading →

Amrock aims to offer smartphone closings everywhere they’re allowed

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The Rocket Companies subsidiary will roll out mobile eClosings for purchase loans by the end of 2022, an indication the practice of attending a closing in person may soon be coming to a close. Continue reading →

Competition between top mortgage lenders for homebuyers heats up

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Rocket Mortgage rolls out “Inflation Buster” mortgage, which provides a lower rate for one year, as it battles rival United Wholesale Mortgage for homebuyer market share. Continue reading →

Ribbon back in expansion mode with push into Illinois and Michigan

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Less than two months after layoffs, the power buyer says it’s still on track to meet a goal of being operational in 25 states by the end of the year. Continue reading →