Wells Fargo paying $3.7B to settle mortgage, auto loan allegations
Federal regulators allege bank improperly denied thousands of mortgage loan modifications over at least 7 years, in some cases leading customers to lose their homes
by Matt Carter Dec 20
Improved mortgage rate outlook could bode well for home sales
Fannie Mae economists not quite as gloomy about 2023 home sales outlook as mortgage rates retreat from 2022 highs and with potentially more room to ease
by Matt Carter Dec 19
Real estate transfer tax hikes create headaches for mortgage lenders
Federal regulations provide 'zero tolerance' for miscalculating real estate transaction taxes when providing TILA-RESPA integrated disclosure to borrowers, Black Knight warns
by Matt Carter Dec 19
Homebuyers have appetite for down payment assistance info, Zillow says
Zillow revealed Thursday that 1M users have queried its Down Payment Resource database since the real estate search portal partnered with the data provider a year ago as home prices soared
by Matt Carter Dec 15
Fed slows rate hikes, but remains wary of entrenched inflation
50 basis points 'is still a historically large increase and we still have some ways to go,' Fed Chairman Jerome Powell warns after policymakers wrap up final meeting of the year
by Matt Carter Dec 14
Homebuyers take notice as mortgage rates continue to fall
Demand for purchase loans has increased in 5 out of the past 6 weeks, according to a weekly survey of lenders by the Mortgage Bankers Association released Wednesday
by Matt Carter Dec 14
Big names backing nesto's bid to upend Canadian mortgage lending
'Oversubscribed' $80M Series C round brings funding raised to date from high profile backers by Montreal-based digital mortgage lending platform to $167.5M
by Matt Carter Dec 13
Reduced refi fears could help ease pressure on mortgage rates
Mortgage investors have been demanding higher yields because of fears of prepayment risk if the loans they're funding now are refinanced when rates fall
by Matt Carter Dec 13
The Real Brokerage closes deal to acquire LemonBrew Lending
This year's acquisitions of LemonBrew Lending and Expetitle pave the way for the company to provide end-to-end services to homebuyers in many markets
by Matt Carter Dec 9
Surveys show impact of mortgage 'lock-in effect' on seller psychology
Harris Poll: 71% of Americans would be hesitant to move due to economic uncertainty over concerns such as interest rates, inflation or a recession
by Matt Carter Dec 8
Mortgage broker who forged loan documents for clients gets 5 years
Prosecutors say Alex Ashod Dadourian, a licensed mortgage loan broker, fabricated income and employment verification documents to win approvals for 17 mortgages totaling more than $8M
by Matt Carter Dec 8
Motto Mortgage partners with SOCi for online reputation management
The growing marketing platform counts multilocation brands, such as Ace Hardware, Ford Motor Company and Smashburger as clients
by Matt Carter Dec 7
Homebuyer sentiment up slightly in November for first time in 9 months
Fannie Mae's National Housing Survey shows consumers remain concerned about factors, including the outlook for home price declines, mortgage rates and access to mortgage credit
by Matt Carter Dec 7
Mortgage rates fall — but so does demand, breaking 4-week streak
As mortgage rates continue to retreat from 2022 highs, all eyes will be on Federal Reserve as policymakers conduct their final meeting of the year next week
by Matt Carter Dec 7
Venture capital giants like Pylon's embeddable mortgage offering
$8.5M seed funding round led by Conversion Capital, with participation from Fifth Wall, Peter Thiel, QED Investors, Montage Ventures and Village Global
by Matt Carter Dec 6
Home price declines leave 450,000 borrowers underwater
Six out of 10 borrowers who owe more on their mortgages than their homes are worth bought or refinanced their homes in 2022, according to the latest Black Knight Mortgage Monitor
by Matt Carter Dec 5