US mortgage rates climbed for a fourth straight week, rising to the highest since August and denting refinancing and home purchase activity. Processing Content The contract rate on a 30-year mortgage increased 14 basis points to 6.57% in the week ended March 27, according to Mortgage Bankers Association data released Wednesday. In the last four […]
Mortgage rates march to seven-month high of 6.57% Read More »
Opendoor Technologies is acquiring assets belonging to title fintech Doma in a deal that arrives just weeks after the real estate company re-entered mortgage lending. Processing Content The agreement adds Doma’s title automation search capabilities to Opendoor’s closing and escrow platform. Opendoor, known for its home-flipping model that quickly delivers cash to sellers, pointed to
Opendoor adds Doma title tech assets in new acquisition Read More »
Home-price growth continued to slow to start 2026, two new industry reports found, diminishing the real value of homes as inflation rises. Processing Content Home prices rose 0.9% year-over-year and 0.1% month-over-month in January, according to the S&P Cotality Case-Shiller national home price index. Both points were down from December, when prices increased 1.1% annually
Real home value falls as price growth cools, inflation rises Read More »
Almost a year after Premier Mortgage Resources filed a complaint against Canopy Mortgage over an alleged poaching scheme, the lenders reached a settlement. Processing Content The companies anticipate they will submit a joint stipulation of dismissal with prejudice within 45 days, according to a document filed Friday in a Washington federal court. “We’re pleased to
Lenders settle suit spurred by family of originators Read More »
LoanDepot is behind a new mortgage business from West Texas-based Betenbough Cos., helping launch the affiliate as part of an expanded strategy to expand upon homebuilder partnerships. Processing Content Olive Branch Home Loans will serve customers of Betenbough, a top 50 builder based in Lubbock. Betenbough sells its homes through eight sales centers located throughout
LoanDepot partners with Texas builder for new lender launch Read More »
A section of President Donald Trump’s recent executive order, titled “Promoting Access to Mortgage Credit,” caused confusion throughout the mortgage industry, seemingly addressing a nonissue. Processing Content Section 10 of the order called for “eliminating duplicative or unnecessary requirements regarding licensing or registration for mortgage loan officers of any smaller bank.” The directive fits with
Mortgage industry baffled by Trump’s MLO order Read More »
Two Harbors Investment has jilted UWM Holdings at the altar, agreeing to be acquired by CrossCountry Mortgage for $10.80 in an all-cash transaction. Processing Content UWM went into attack mode following the announcement before the market’s opened on Friday morning. “The actions taken by TWO’s management team and board do not reflect the best interests
Two Harbors jilts UWM Holdings for CrossCountry Read More »
Better Home & Finance, the parent company of Better.com, is partnering with Coinbase to launch token-backed down payments for conforming mortgages. Processing Content Americans who qualify for a mortgage with Better will be able to use Bitcoin or USD Coin as collateral to fund their down payment through a private loan, the company announced in
Better, Coinbase allow tokens to support conforming loan Read More »
Shortly after announcing a merger agreement with retail lender CrossCountry Mortgage, Summit Funding said it will permanently eliminate 163 positions across the company. Processing Content The Sacramento, California-based home lender informed state officials in a mandatory Worker Adjustment and Retraining Notification filing dated March 19, just one day after the merger was officially announced. The
Summit lays off dozens in wake of CrossCountry deal Read More »
The 10-year Treasury yield continued its wild movements based on alternating headlines on the Iran conflict, but as a result mortgage rates ended the week 16 basis points higher, Freddie Mac found. Processing Content The 30-year fixed rate mortgage reached 6.38% for March 26, up from an average of 6.22% one week earlier, the Freddie
Mortgage rates now at highest point since September Read More »