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The mortgage market hopes for rate cuts amid war moves
Amid rising tensions with Iran and a potential Fed rate cut on the horizon, experts share how these events could shape the mortgage market
Inventory is rising, but existing home sales remain in a major slump
Last month was the slowest May for existing home sales since 2009. They were down 0.7% year-over-year to 4.03 million, and sales in the West were down significantly.
FICO to add Buy Now, Pay Later data to credit scores
The change will provide mortgage brokers, loan officers and lenders with visibility into what has often been called “phantom debt.”
Q2 mortgage volumes improve at Wells Fargo, JPMorgan and Citi
Wells Fargo, JPMorgan Chase and Citi saw double-digit home loan production increases from April to June compared to the previous quarter.
Brooke Anderson-Tompkins on the ‘lifescape’ of AI
Anderson-Tompkins was president of 1st Priority Mortgage before founding Bridge AIvisory. She will be a speaker at HousingWire’s AI Summit.
Nutter Home Loans scores a win in case brought by DOJ
A reverse mortgage industry pioneer secured a partial summary judgment in its favor against the DOJ as the case prepares to go to trial.
Love letters on the rocks in Oregon
The ban on love letters from potential homebuyers is in limbo in Oregon, with few signs the legislature will pick it up again.
Why housing inventory is so low right now
In 2018, when mortgage rates got to 5%, we had a supply shock for the builders, which in essence stalled out construction for 30 months.
RealTrends 500: Keller Williams and RE/MAX offices tops in percentage transaction sides
Keller Williams and RE/MAX lead the list of the top 50 one-year movers by percentage transaction sides, with Keller Williams — Cunningham Group, based in Santa Monica, California, seeing a 136% increase in sides between 2020 and 2021. Data for the 2022 RealTrends 500 rankings is based on 2021 sales.
