Rocket courts correspondent lenders with tech tools
New branded client portal lets homebuyers apply for loans, review documents and e-sign disclosures and closing documents
by Matt Carter Oct 19
Mortgage database created to track bad actors now a recruiting tool
Unique IDs created by Nationwide Multistate Licensing System can reveal competitors' loan originations by product, loan amount, geography and loan officer
by Matt Carter Oct 19
Mortgage demand hits lowest level since 1997 as rates continue to rise
Thirty-year, fixed-rate loans hit 6.982% on Oct. 13, a new 2022 high, according to an Optimal Blue Mortgage Market index. According to an index by Mortgage News Daily, rates were at 7.15%
by Matt Carter Oct 19
Insurance industry veteran re-ups for another 3 years as Stewart CEO
Fred Eppinger who is credited with generating 'record-setting growth and success' earned $5.15M in total 2021 compensation, the company said
by Matt Carter Oct 18
CredEvolv coaches homebuyers to help them qualify for mortgages
Integration with Freddie Mac's HomeCoach tool lets housing counselors access automated underwriting tools used by mortgage lenders
by Matt Carter Oct 18
Heading off surprises helps keep deals on track as rates rise
Power buyers and mortgage lenders are providing certainty to homebuyers and sellers, industry leaders said at Inman Connect on Tuesday
by Matt Carter Oct 18
Rent-to-own startup Landis raises $40M from Google, Jay-Z and NAR
The new Series B funding will go toward boosting the company's homeownership coaching program, growing its team and expanding to new markets
by Andrea V. Brambila Oct 18
Industry groups renew push for lower FHA mortgage premiums
Black Homeownership Collaborative also asks HUD to ditch a 'life of loan' requirement that forces homeowners to continue paying mortgage insurance premiums in perpetuity
by Matt Carter Oct 17
Mortgage tech provider Lender Price partners with NEXA Mortgage
The deal is the second Lender Price has announced this week to provide broader access to its marketplace product, pricing and eligibility engine
by Matt Carter Oct 13
For the first time, Fannie Mae now expects home prices to fall next year
Economists at Fannie Mae project national home prices to decline by 1.5% and home sales by 21% in 2023 as Fed continues inflation fight
by Matt Carter Oct 12
Mortage applications sag again as rates resume climb to 7%
A rate index published by Mortgage News Daily shows rates on 30-year fixed mortgages averaging 7.14 percent on Tuesday
by Matt Carter Oct 12
Constellation Mortgage Solutions partners with Lender Price
Integration of Lender Price product and pricing engine enables CMS clients to source, price and lock mortgage loans in real time
by Matt Carter Oct 11
Coming soon to a Walmart near you: Mortgages, FHA loans and more
Lenders One Cooperative opens the alliance's first mortgage branch in a New Jersey Walmart, with more openings slated for Florida, California, Ohio, South Carolina and Texas
by Matt Carter Oct 11
Title tech provider Flueid announces $15M Series B raise
Series A investor Aquiline Technology Growth led the latest funding round following the closure of a new $365M fund, Aquiline Technology Growth Fund II, back in May
by Matt Carter Oct 11
More homebuyers think prices will go down in the next year than up
Survey shows homebuyer sentiment falling for the 7th month in a row as high home prices and mortgage rates weigh on affordability, according to Fannie Mae’s latest National Housing Survey
by Matt Carter Oct 10
Finance of America exiting wholesale, correspondent lending
The Irving, Texas-based lender is also reportedly in negotiations to sell its retail mortgage division, which employs about 1,000 loan originators nationwide
by Matt Carter Oct 7