October Reported Increased Credit Availability

November 10th, 2021
October saw increased credit availability according to the Mortgage Bankers Association (MBA) Mortgage Credit Availability Index (MCAI), which analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool. The details: MCAI increased 0.1% to 125.7 in October—indicating loosening credit...

FHA Announces New Loan Limits for Home Equity Conversion Mortgage and Single Family Title II

December 8th, 2021
The Federal Housing Administration (FHA) recently announced new loan limits for calendar year 2022 for its Single Family Title II forward and Home Equity Conversion (reverse) Mortgage (HECM) insurance programs. Loan limits for most of the country will increase in...

MBA Releases 2022 Mortgage Market Forecasts

December 27th, 2021
The Mortgage Bankers Association (MBA) recently released its economic and mortgage market forecasts for year-end 2021 and for 2022. Here’s what the organization predicts. For year-end 2021: Purchase originations will rise to $1.61 trillion, eclipsing the previous all-time high of...

Rocket Community Fund Partners With Experian to Tackle Housing Stability

November 10th, 2021
The Rocket Community Fund announced a collaboration with Experian that will enable the organization to pivot from its door-to-door outreach by calling 50,000 Detroit homeowners at risk of tax foreclosure through Neighbor to Neighbor, the organization’s flagship housing stability program.... CEO ‘Taking Time Off’ Amid Zoom Firings Debacle

December 10th, 2021
There is never a great way to tell someone they are out of a job. However, doing so over large video conferences during the holidays is proven to be a poor option for, which is now suffering more than...

FHFA Releases Q3 2021 Foreclosure Prevention and Refinance Report

December 27th, 2021
The Federal Housing Finance Agency (FHFA) recently released its third quarter 2021 Foreclosure Prevention and Refinance Report​. The report shows that Fannie Mae and Freddie Mac completed 180,566 foreclosure prevention actions during the quarter, raising the total number of homeowners who...

Real Estate Technology Trends To Use In 2021

November 17th, 2021
Over the last decade, technology has changed the face of the real estate industry. That’s why it’s so important for real estate professionals to stay informed about the latest technology trends within the industry. So, here’s a list of the...

Transforming the Hombuying Experience for Agents and Consumers Alike

December 10th, 2021
Birkmeier This month, Real Estate magazine had the chance to sit down with Rocket Mortgage® Chief Revenue Officer Tim Birkmeier to discuss the company’s biggest opportunities as we prepare for a new year. Paige Tepping: Tell us about your history...

Mortgage Rates Bumped Down Leading Up to the Holidays

December 27th, 2021
The 30-year fixed-rate mortgage (FRM) averaged 3.05% for the week ending Dec. 23, according to the latest data from Freddie Mac. Mortgage details: The 30-year fixed-rate mortgage averaged 3.05% with an average 0.7 point f, down from last week when it...

Industry Forecasts Purchase Originations to Increase 9% to Record $1.73 Trillion in 2022

October 18th, 2021
The Mortgage Bankers Association (MBA) recently announced that purchase mortgage originations are expected to grow 9% to a new record of $1.73 trillion in 2022. After an anticipated 14% decline in 2021 to $2.26 trillion, MBA expects refinance originations will...
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