After breaching 8% in mid-October, 30-year fixed mortgage rates have plummeted to levels not seen since September as more investors expect Fed policymakers to lower rates in the spring
Available in Arizona, Oregon and Illinois at launch, Better Insurance will expand into Oklahoma, Tennessee and Wisconsin in the next 4 weeks. The goal is to be in all 50 states in a year
Cost-cutting helped the Detroit-based mortgage lending giant rack up its second consecutive profitable quarter, but at $61.45B, 2023 mortgage originations are down 46% from a year ago
Since announcing a $30M Series A funding round last year, Vesta has added partners and integrations at a rapid clip, including Willow Servicing, a cloud-based mortgage servicing platform
Demand for purchase mortgages hit the lowest level since 1995 last week, but relief could be in sight after Federal Reserve policymakers elected not to hike short-term rates on Wednesday
Zillow is shoring up its Home Loans business by ratcheting up pressure on Flex agents, who refer clients to the mortgage arm or risk losing future leads, real estate advisor Mike DelPrete writes
Underwriting engine helps investors compare options with 15 lenders offering short-term loans for rehabbing and flipping or renting single-family homes in 48 markets in all but 12 US states
Available everywhere except New York, loanDepot's new 'accessZERO' program provides a down payment of up to 5% in the form of a 10-year fully amortized 2nd mortgage
The '401(k) for homeownership' helps first-time buyers achieve their savings goals with 4.51% APY high-yield savings accounts, as well as educational tools and matching with agents and lenders
The $4.5M agreement follows similar settlements with 'big four' title insurance underwriters Fidelity National Financial, Old Republic National Title Insurance and Stewart Title Guaranty
Fannie Mae researchers say rising mortgage rates aren't the only reason homeowners have been reluctant to sell, and that a decline in rates won't necessarily produce a flood of for-sale listings
Company puts heat on regulators to stick to 2025 timetable for requiring lenders working with Fannie and Freddie to use VantageScore 4.0; delays would impact 'creditworthy people of color'
Initiative provides new financing and technical assistance to developers and local government, and highlights grants and tax incentives that can make conversion projects more attractive
Loan applications slip to lowest level since 1995 as mortgage rates climb for the 7th week in a row, according to a weekly survey of lenders by the Mortgage Bankers Association
Lender Spotlight AI Assistant sifts through the finer points of more than 7000 mortgage options to help mortgage brokers identify the right product and answer questions clients might have
The public is invited to join leaders from the American Bankers Association and mortgage giants Fannie Mae and Freddie Mac for an Appraisal Subcommittee hearing on tackling bias