As rates breach 4 percent for the first time since 2019, requests to refinance are down more than 50 percent from a year ago. Source:…
Posts published in “Mortgage”
Known primarily as a real estate brokerage, Fathom got into the mortgage business last year with the acquisition of Encompass Lending Group. Source: Inman News
The mortgage software giant expects to break its 2021 record of $1.475 billion in sales again this year after buying out partners in Optimal Blue. …
Companies say deal paves the way for first “cloud-native” mortgage servicing platform. Source: Inman News
In a new SEC filing, the mortgage lender points to actions by CEO Vishal Garg as reasons that areas of company culture “require improvement.” Steep…
Only 31 percent of U.S. households can afford a newly built home, down from 40 percent one year ago. Source: Inman News
A company spokesperson confirmed that 119 of Homie’s 414 employees were laid off on Friday due to a “changing real estate market.” Source: Inman News
Bond market investors, rather than Fed policymakers, exert the strongest immediate pull on the markets that drive mortgage rate trends. Source: Inman News
FHA borrowers can expect to pay even higher rates, but lenders are offering discounts on jumbo mortgages too big for Fannie and Freddie, according to…