Deborah Kearns

Deborah Kearns is a freelance editor and writer with more than 15 years of experience covering real estate, mortgages and personal finance topics. Her work has appeared in The New York Times, Forbes Advisor, The Associated Press, MarketWatch, USA Today, MSN and HuffPost, among others. Deborah previously held editorial leadership and writing roles at NerdWallet, Bankrate, LendingTree and RE/MAX World Headquarters.

Posts by Deborah Kearns

Interview: Andy Florance on Restoring Transparency and Putting Agents ‘Back in Front of America’

Above, a screenshot from one of Homes.com’s new ads featuring Dan Levy of “Schitt’s Creek” fame and SNL’s Heidi Gardner.  During one of America’s most enduring traditions, Super Bowl Sunday, Homes.com plans to make history, regardless of who takes home the championship trophy.  Through four commercials reaching some 113 million viewers, the rapidly ascending real…

Mortgage

Financing Agent Commissions Doesn’t Pencil Out for Buyers, Mortgage Experts Say

As the real estate industry braces for new rules that remove all offers of agent compensation from for-sale listings, mortgage lenders are weighing their options on how to best help cash-strapped buyers who will ultimately be responsible for paying their agent’s commission. Beginning Aug. 17, the National Association of REALTORS® (NAR) will prohibit all offers…

Fed Meeting

Fed in No Rush to Cut Rates Until ‘Greater Confidence’ in Taming Inflation

At their June meeting, Federal Reserve members acknowledged there’s been notable progress in lowering inflation, but it’s not going as quickly as they’d like to consider cutting key interest rates, according to meeting minutes released Wednesday. While the central bank conceded that the economy is showing signs of strength, all 19 FOMC members voted to…

Fed Leaves Rates Unchanged Despite Slowing Inflation, Projects Only One Rate Cut in 2024

The Federal Reserve stood firm again, leaving its benchmark rate unchanged at its current 23-year high after the Fed’s two-day meeting concluded Wednesday. Meanwhile, the central bank signaled a more tepid approach to rate cuts this year than investors had hoped for. The Fed’s decision maintains the federal funds benchmark rate in the 5.25%-5.50% range…

Mortgage Industry Exodus: ‘Nearly Half’ of Producing Loan Officers Have Left the Business

Christina Bennett loved the mortgage industry, but after undergoing multiple layoffs, she says the feeling wasn’t mutual. Bennett spent years in and out of mortgage roles in various underwriting posts, rising to the management ranks in her last company, Caliber Home Loans, where she spent nearly eight years. Although she had been through layoffs before,…

CFPB’s Inquiry Into Mortgage ‘Junk Fees’ Earns Mixed Reaction From Lenders

Rising closing costs are adding to homebuyers’ affordability woes, putting their dream of homeownership even further out of reach. In an attempt to combat this, the Consumer Financial Protection Bureau (CFPB) is taking aim at so-called mortgage “junk fees” that are often tacked onto closing costs, launching a formal inquiry into the issue, according to…