Matt Sexton

Blanchester

Writer and Analyst at Freelance

Banking Writer at Fit Small Business

Mortgage Journalist, @MPAMagazineUS ESPN+ PxP @nkunorse WSOC MSOC WBB SB VB Fill-in @GoBEARCATS @tmusaints NKU grad Blanchester Boys & Girls Tennis

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Articles

Rocket's acquisitions leave plenty for everyone else, says MBA's Broeksmit

3 weeks ago | mpamag.com | Matt Sexton

Association CEO and president criticized senators' objection to Rocket's purchases of Redfin, Mr. Cooper By 06 Jun 2025 A group of Democratic senators joined independent Sen. Bernie Sanders on Wednesday to ask federal regulators to explain their decision not to challenge Rocket’s recent acquisitions. On Thursday, the Mortgage Bankers Association’s (MBA) president and CEO pushed back against their objection.
Trigger lead bill reaches next milestone, House committee mark-up date set

3 weeks ago | mpamag.com | Matt Sexton

BAC's McKay urges brokers to reach out to representatives in most critical time for the bill By 06 Jun 2025 The Homebuyers Privacy Protection Act, better known as the trigger lead ban bill, reached another milestone on Thursday. According to one industry advocate, the House Financial Services Committee set Tuesday, June 10, as the mark-up date for House Resolution (H.R.) 2808.
Brokers say affordability challenges, not credit tightening, are pushing borrowers away from agency

3 weeks ago | mpamag.com | Matt Sexton

Non-QM is seeing higher uptake as homebuyers and owners grapple with rising borrowing costs By 05 Jun 2025 Mortgage brokers and lenders are seeing more customers move to non-QM loans and away from agency loans. They believe it is not a tightening of credit boxes hurting agency loans, but economic conditions making it harder for borrowers to qualify for conventional loans.
Organization tackles VA lending myths, misconceptions

3 weeks ago | mpamag.com | Matt Sexton

Common misunderstandings shared about VA loans can cause potential customers to be turned down incorrectly By 05 Jun 2025 Veterans Affairs (VA) loans have been among the most misunderstood and sometimes maligned lending products in the mortgage space. One organization, as part of its ongoing outreach efforts, presented research Wednesday hoping to dispel common myths about the loans.
Global uncertainty keeping buyers on the sidelines as inventory increases

3 weeks ago | mpamag.com | Matt Sexton

Long-time mortgage executive sees Miami market stalling as buyers put purchases on hold By 04 Jun 2025 The US housing market has a record spread between the number of sellers and buyers. However, even with increased inventory, one mortgage executive is seeing potential buyers hold off on purchases due to economic uncertainty. Redfin released a report last week stating there are nearly 500,000 more sellers on the market than buyers, the most on record.
High interest rates driving brokers to non-agency mortgage loans

3 weeks ago | mpamag.com | Matt Sexton

Industry president: Non-agency loans are largely "rate agnostic," holding up against high rates By 04 Jun 2025 Interest rates for 30-year mortgages continue to flirt with 7%, with no major rate relief forecasted in the short term. One industry president believes the elevated rates are driving brokers to consider non-agency loans, which he considers more high-rate resistant, thanks to investors.
Mortgage rates expected to remain elevated for remainder of year - survey

3 weeks ago | mpamag.com | Matt Sexton

Don't count on a rate drop back below 6% By 03 Jun 2025 While home price growth is expected to moderate, interest rates are forecasted to remain higher than previously expected, according to a Reuters survey of property experts released Tuesday. In addition, those same experts expect new home construction to continue to struggle in the wake of continued tariffs being implemented by the Trump administration.
Surging credit report costs drawing attention from FHFA's Pulte

3 weeks ago | mpamag.com | Matt Sexton

Spiking fees leaves industry searching for answers to reduce borrower expenses By 03 Jun 2025 As affordability challenges impact the mortgage lending process, attention is turning toward the increased cost of credit report pulls. As the government considers action to curb these costs, one industry expert has questioned whether creative solutions could be available.
Fed up with state government, Ohio residents look to end property taxes

3 weeks ago | mpamag.com | Matt Sexton

Could Ohio culling state property taxes cause a ripple effect across the country? By 03 Jun 2025 Two of the most rapidly growing expenses for homeowners are insurance premiums and property taxes. Residents in one Midwestern state, fed up with inactivity from state legislatures to curb tax increases, are now trying to get property taxes in the state eliminated.
Worsening weather adding hidden cost to affordable housing for Gen Z

3 weeks ago | mpamag.com | Matt Sexton

Despite low home prices in the Midwest and South, weather disasters adding additional insurance costs By 02 Jun 2025 To find some housing affordability in a challenging market, young and first-time homebuyers are fleeing the coasts for the Midwest and South. However, an increase in severe weather in those areas, like hail and tornadoes, is adding hidden costs to those affordable homes.