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In Portland, Ore., a TV Stylist With a $540,000 Budget
loantrust.ai

In Portland, Ore., a TV Stylist With a $540,000 Budget

Educational NYT Real Estate recently profiled a personal stylist and costume designer in Portland, Ore., who was navigating the housing market with a $540,000 budget. The central tension in the piece was familiar to anyone working outside traditional employment: proving creditworthiness without a W-2. Freelance income, common in

Hans Michel/ / 2 min read
Trump posts new support for GSEs, lower mortgage rates
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Trump posts new support for GSEs, lower mortgage rates

Educational BREAKING — National Mortgage News reports that new online ads from the Trump administration are promoting Fannie Mae and Freddie Mac as engines for boosting purchase applications, though observers remain uncertain whether this messaging hints at a future stock offering for the government-sponsored enterprises. The ads represent a visible,

Hans Michel/ / 2 min read
Rate lock volume falls as rate-and-term refis crater in August
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Rate lock volume falls as rate-and-term refis crater in August

Educational BREAKING — Mortgage Professional America reports that rate lock volume fell in August as rate-and-term refinances collapsed, even as purchase loan activity remained above year-ago levels according to Optimal Blue data. The overall market is softening, but the divergence between purchase and refinance demand tells a clear

Hans Michel/ / 2 min read
Refinance demand slumps as higher rates weigh on mortgage activity
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Refinance demand slumps as higher rates weigh on mortgage activity

Educational Scotsman Guide reports that refinance demand has softened as elevated rates continue to pressure overall mortgage activity, with Optimal Blue data showing total rate locks fell on a yearly basis in August. The pullback in refinances reflects the broader cooling effect of higher borrowing costs across the market, as

Hans Michel/ / 2 min read
Mortgage rate locks fell 9% in August, Optimal Blue reports
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Mortgage rate locks fell 9% in August, Optimal Blue reports

Educational HousingWire reports that mortgage rate locks dropped 9 percent in August, with the 30-year conforming rate finishing the month at 6.72 percent and refinance demand remaining subdued. The decline from July reflects a market where higher rates have continued to cool borrower activity across the board, leaving

Hans Michel/ / 2 min read
Opendoor moves ahead with mortgage offerings, touts controlled costs
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Opendoor moves ahead with mortgage offerings, touts controlled costs

Educational HousingWire reports that Opendoor Home Loans has exited its beta phase, rolling out fixed and adjustable-rate mortgages as part of a broader push to integrate home buying and lending under one roof. The move signals another iBuyer's bet that borrowers want the mortgage process folded into

Hans Michel/ / 2 min read
Better exec tapped to lead PLACE, Envoy Mortgage operations
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Better exec tapped to lead PLACE, Envoy Mortgage operations

Educational BREAKING — National Mortgage News reports that an executive from Better has been appointed to lead operations at PLACE and Envoy Mortgage, while Chad Smith is departing the lender following a period of significant expansion. During his tenure, Smith contributed to Better achieving two and a half times growth in

Hans Michel/ / 2 min read
Envoy Mortgage taps Chad Smith as CEO, deepens integration with PLACE
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Envoy Mortgage taps Chad Smith as CEO, deepens integration with PLACE

Educational HousingWire reports that Envoy Mortgage has appointed Chad Smith as chief executive officer, a move that formalizes the top leadership role as the company pursues an ambitious goal of scaling to $4 billion in annual production. The appointment also signals a tighter operational integration with PLACE, the technology and

Hans Michel/ / 2 min read