The government is cracking down on reverse mortgages
FHA issued new guidance requiring lenders to get a second appraisal if the property value appears inflated
by Patrick Kearns Sep 28
Homes roofs houses
Low inventory and rising home prices have continued to push pending home sales down, according to NAR report
by Marian McPherson Sep 27
Fed raises interest rates another 0.25% in third hike this year
The raise is due to strong jobs growth and increased household spending and could likely precede a 4th hike
by Marian McPherson Sep 26
Mortgage rates rise for 4th consecutive week
The 30-year fixed rate has not been this high since May, says Freddie Mac
Blend wants to make applying for a mortgage smoother with AI
The Peter Thiel-backed San Francisco startup's new product for lenders, Blend Intelligence, automatically requests documents from borrowers and runs health checks on them
Motto Mortgage adds franchise in Northwest US
The Seattle metro area is the latest franchise site, with the opening of an office in the city of Edmonds, Washington
by Bryson Masse Sep 19
Money dollars falling from sky
Backed by Amherst Holdings, the new website Bungalo Homes lets buyers find, tour, finance and close on a home online within days
by Teke Wiggin Sep 18
Homeowner couple in front of sold house
The Self-Employed Mortgage Access Act will allow self-employed and gig-economy workers to submit other forms of paperwork to lenders for income verification
by Marian McPherson Sep 17
Computers papers meeting office
AutomatIQ Borrower seeks to provide a single online platform for uploading and processing mortgage application documents
Money dollar bills
To be ready when that perfect listing comes to the market, buyers are putting the pre-qualification process first, according to a survey by loanDepot and mellohome
by Marian McPherson Sep 12
A mature couple looking at a map
In the most expensive and inventory strapped markets, seniors are already renting at higher rates
by Marian McPherson Sep 6
Why homeowners should never use their 401(k) to pay off their mortgage
Don't let your clients make this decision until you've shared these 6 insights
by Jack Guttentag Sep 6
Realogy and PHH agree to pay $17M over alleged kickbacks
The settlement will be dispersed among 32,217 co-plaintiffs who closed on mortgages originated by PHH Corporation, PHH Mortgage Corporation and PHH Home Loans
by Marian McPherson Sep 5
Redfin Mortgage opens in North Carolina, eyes further expansion
The lending platform is now available in 8 states
by Marian McPherson Sep 4
Nationwide foreclosure starts rise for first time in 3 years
Starts increased by less than 1% year-over-year in July, but increased as much as 107% in individual metros: analysis
by Marian McPherson Aug 21
Approved's garage office
The personal finance app is adding an all-digital mortgage platform from former Redfin employees Andy Taylor and Navtej Sadhal