Dark Matter executives confirmed the company has undergone a reduction in force, as the company sets its next phase in motion. As a standalone company, Dark Matter has only existed for about 20 months. On Sept. 15, 2023, what had been the Black Knight origination technology business, primarily its Empower loan origination system, was sold […]
Dark Matter confirms layoffs as it right-sizes Read More »
The title insurance industry began its recovery last year from its massive skid at the end of the refinance boom. Companies generated $16.2 billion in title insurance premiums in 2024, a 7% annual increase, the American Land Title Association reported Thursday. The positive momentum follows year-over-year premiums written declining 31% in 2023 and 16% in
Title insurers’ rising premiums ends two-year slide Read More »
While the 30-year fixed rate mortgage remained under 7% for the 17th consecutive week according to Freddie Mac’s calculations, it increased 5 basis points as the bond markets remain volatile over the U.S. economy. This and other measurements moved in the same direction with the yield on the 10-year Treasury, which rose 25 basis points
Inflation news helps to push mortgage rates higher Read More »
As federal budget negotiations intensify, some policymakers have floated deep cuts to the Housing Choice Voucher Program, better known as Section 8. For those in favor of reducing funding for the program, it’s simply a line item to trim. But for those of us in housing finance, it’s a structural pillar. Gutting this program would
Why Section 8 cuts are a mortgage market threat Read More »
Federal Reserve Board Communication practices have taken center stage in the Federal Reserve’s review of its monetary policy framework. In a Thursday morning speech, Fed Chair Jerome Powell said communication practices — particularly during times of heightened uncertainty — have been focal points during both internal and external discussions in recent months related to the
Powell: Fed policy review honing in on communication Read More »
If you have a 3% mortgage rate, you’re probably pretty hesitant to let that go. And even if you’ve toyed with the idea of moving, this nagging thought may be holding you back: “why would I give that up?” But when you ask that question, you may be putting your needs on the back burner
Why Would I Move with a 3% Mortgage Rate? Read More »
The national critical defect rate for mortgages fell to 1.16% in the fourth quarter of 2024. That marked the second-lowest level on record, according to a report released Thursday by ACES Quality Management. For the entire calendar year of 2024, the average critical defect rate was 1.52%, down 9.52% from 2023. Post-closing quality control data
Mortgage defects saw a dramatic decline in 2024 Read More »
Dozens of employees at mortgage tech firm Dark Matter Technologies were laid off on Monday, multiple sources told HousingWire. It’s unclear how many were laid off, but sources said it was “massive” and impacted staffers in a variety of roles. Former employees told HousingWire the reason cited for the layoffs was the shaky “economy” and
Layoffs hit Dark Matter Technologies Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors. The Consumer Financial Protection Bureau’s headquarters located in Washington D.C.Frank Gargano The Consumer Financial Protection Bureau has been in a freefall since former Director Rohit Chopra was ousted in February, kickstarting a game of musical chairs at the top of the agency
Deregulation is the new norm at the CFPB, and banks love it Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors. The 13 states with the highest percentage of non-current mortgage loans had an average non-current loan percentage of 5.1%, with an average year-over-year change of 0.7%, as of March 31. The 11 states with the lowest percentage of non-current loans had an
10 states with the highest and lowest percentage of non-current loans Read More »