7% rate threshold looms large over Black Knight’s July rate-lock data

‘No escaping the fact that conforming 30-year-rates topped 7% in July for the first time since they spiked last fall’
The post 7% rate threshold looms large over Black Knight’s July rate-lock data appeared first on Scotsman Guide.
Homes in ‘high-opportunity’ neighborhoods cost 38% more than ‘low-opportunity’ areas

New study from Redfin aims to quantify impact of upward mobility on home prices
The post Homes in ‘high-opportunity’ neighborhoods cost 38% more than ‘low-opportunity’ areas appeared first on Scotsman Guide.
Industry Watch: UWM announces new pricing adjustments and more

The Federal Trade Commission has agreed to drop its challenge of Intercontinental Exchange’s acquisition of Black Knight, paving the way for the companies’ merger. Key Mortgage has announced the planned launch of a new Community Impact and Lending division. Headed by the recently promoted LaToya Spann Martin, the new division is dedicated to growth, education […]
The post Industry Watch: UWM announces new pricing adjustments and more appeared first on Scotsman Guide.
Notable mortgage industry additions and promotions, Aug. 7-11

Key Mortgage Services has announced the hiring of Jason Brown as vice president, area sales manager, and the promotion of LaToya Spann-Martin as area sales manager. Brown joins Key Mortgage from Chase, bringing 23 years of lending experience to the company. In his new position as area sales manager, Brown will support sales by focusing […]
The post Notable mortgage industry additions and promotions, Aug. 7-11 appeared first on Scotsman Guide.
NAR: Nearly 60% of metros see price gains

Median home price still drops as many large metros see declines
The post NAR: Nearly 60% of metros see price gains appeared first on Scotsman Guide.
RentCafe: Converted apartments set for ‘impressive growth’

122,000 units currently undergoing conversion process into residential spaces
The post RentCafe: Converted apartments set for ‘impressive growth’ appeared first on Scotsman Guide.
New study reveals home price, mortgage rate misconceptions among Americans

Many respondents in the dark about current prices and rates
The post New study reveals home price, mortgage rate misconceptions among Americans appeared first on Scotsman Guide.
Fannie Mae sentiment index inches upward, but homebuyer perception falls to new low

Gains in three components of index offset by ongoing affordability issues
The post Fannie Mae sentiment index inches upward, but homebuyer perception falls to new low appeared first on Scotsman Guide.
FTC agrees to dismiss challenge against ICE acquisition of Black Knight

After two key divestitures, a path is paved for the merging of two mortgage tech titans
The post FTC agrees to dismiss challenge against ICE acquisition of Black Knight appeared first on Scotsman Guide.
Industry Watch: Movement Mortgage expands into reverse mortgages and more

Movement Mortgage has announced its expansion into reverse mortgages under the leadership of Harlan Accola, the company’s new national reverse mortgage director. Movement has also added a team of reverse mortgage sales and operations personnel, including Dan Hultquist, George Vrban and Kari Van Kleef, to support Accola and the company’s new mortgage product. Zillow and […]
The post Industry Watch: Movement Mortgage expands into reverse mortgages and more appeared first on Scotsman Guide.