Bond market investors are focused on the latest “dot plot,” indicating Fed policymakers only expect to bring short-term rates down by half a percentage point in 2025.
Category: mortgage
CFPB tightening underwriting for PACE energy improvement loans
PACE lenders object to rule requiring them to evaluate borrowers’ ability to repay and provide more comprehensive disclosures so homeowners can comparison shop for other types of financing.
First American adds real-time fraud alerts to title tech platform
Order Insights helped protect over 130,000 files in November by validating transaction data, notifying title agents of discrepancies and identifying other potential fraud indicators.
December Fed rate cut seen as a lock — then caution may prevail
The latest Consumer Price Index reading is in line with expectations, but progress in fighting inflation has stalled. Forecasts for a slower pace of easing next year might keep mortgage rates above 6 percent.
Embattled sale-leaseback platform EasyKnock closes its doors
Facing lawsuits and enforcement actions by attorneys general in several states, the company said Thursday it would shut down about two weeks after being sued by Connecticut’s Attorney General.
Latest inflation data ups the odds of a December Fed rate cut
Progress in taming inflation slowed in October, but futures market investors think the latest numbers up the odds of another Federal Reserve rate cut next month.
HUD raising FHA ceiling in high-cost markets to $1.2M next year
Adjustment for rising home prices increases FHA ceiling in high-cost markets like New York, San Francisco and Washington, D.C., and raises the floor in low-cost markets to $524,225.
The Agency launches EastWest Abstract with Langdon Title
The newly launched affiliated title agency will streamline closings and increase efficiency for The Agency’s New York-based clients and agents, the brokerage told Inman.
Portals and disruptors are eyeing the future of mortgage markets
The companies that can afford to, including Zillow, are aggressively growing MLO headcount in order to capture future market share, Mike DelPrete writes.
Porch shares soar 55% on $14M Q3 profit and restructuring plan
Regulators have signed off on plans to restructure insurance business into a company that’s owned by policyholders and operated by Porch, insulating it from catastrophic weather events.