Reporters discuss bombshell story on Better.com’s CEO

An exclusive interview with the Forbes reporters who recently wrote a bombshell article about Better.com CEO Vishal Garg’s controversial workplace culture.

Now is the time to double down on diversity and inclusion efforts

Quicken Loans Mortgage Services is proud to partner with a diverse set of brokers, which broadens the pool of potential clients they serve together.

How to Accelerate Closings in 2021

In this webinar, we’ll provide you with actionable insights to help you accelerate your closing process from point-of-sale through post-closing.

Why are sellers sitting on the housing market sidelines?

Why aren’t more homeowners selling in this hot housing market? According to new research from Zillow, a number of factors are at play.

Mortgage

Is the refinance market bouncing back? Number of refi candidates jumps 75%

Refinance demand dried up in the last year, but could a comeback be afoot?

Refinance demand has essentially dried up in the last year, but could things finally be turning around?

Maybe, according to the latest data from Black Knight, which revealed that there are now 3.27 million homeowners who could reduce their mortgage rate by at least 0.75% by refinancing their mortgage.

This is a 16% year-over-year increase and the greatest number of potential candidates since January 2018.

The number of homeowners who could benefit from a refinance has now jumped 75% since November 2018, which saw the potential refi market fall to a 10-year low.

“More than 250,000 homeowners who took out their mortgages just last year on the higher end of the rate spectrum could now likely reduce their rate significantly by refinancing,” the report said.

But Black Knight also warned that even though lower mortgage rates have raised incentive, it might not translate into high volume.

“Impacts may be muted, as the vast majority of incentive (>85%) continues to be held by homeowners who took out their mortgages more than seven years ago,” it noted.

But things could be looking up for the cash-out refinance market.

“Recent rate declines may also result in increased cash-out lending, volumes of which softened as equity utilization became more expensive in late 2018,” Black Knight stated.

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3d rendering of a row of luxury townhouses along a street

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