Mortgage rates should drop below 7% as housing demand picks up
Purchase application data
Hello, early Christmas present! Mortgage rates have fallen by almost 1% in a short time, and it has created four straight...
Redfin reveals new AI-powered listing photos tool
Redfin launched Redfin Redesign, an AI-powered tool for home photos, the company announced on Thursday. The new product allows homebuyers to make changes...
Jonathan Scarpati joins NRMLA board of directors
The National Reverse Mortgage Lenders Association (NRMLA) this week announced that Jonathan Scarpati, senior vice president of wholesale production at Finance of America...
Title waiver pilot program will have little impact on the industry: Fitch Ratings
Despite the protests of the title insurance industry, Fitch Ratings does not believe the lender title insurance waiver pilot program for certain refinance...
Mortgage applications sink to 1995 levels as rates soar
As the 30-year fixed mortgage rate increased for the sixth consecutive week to 7.70%, mortgage applications slumped, hitting their lowest level since 1995....
Commission lawsuits spread to Manhattan
It appears that no real estate brokerage firm in the U.S. is safe from a commission lawsuit. On Wednesday, Manhattan home seller Monty...
Higher rates are impacting future housing production
In the chart below, red shows single-family permits and blue shows five-unit permits. There is a big gap between single-family and five-unit permits,...
Opinion: Creativity is required to achieve actual property M&A right now
Given the state of the market over the last year, some have commented that the merger and acquisition market has gone quiet and...
Polly integrates with nCino’s Mortgage Suite
Mortgage capital markets tech firm Polly announced on Monday its API integration with cloud banking provider nCino to enhance the digital mortgage process...
Canadian mortgage lender rolls back activities in flood-prone zones
The Desjardins Group, a Quebec-based lender, is no longer issuing mortgages in high-risk flood areas, multiple media outlets reported this week. That is...
