Mortgage applications hit 25-year low as rates, hurricane kill demand
After hitting 2022 highs last week, a weak hiring report released Tuesday by the Bureau of Labor Statistics has been helping to bring mortgage rates back down
by Matt Carter Oct 5
Rocket promotes from within, names new CFO and general counsel
Brian Brown and Tina John are tapped to fill openings created by the retirement of two top executives, Julie Booth and Angelo Vitale
by Matt Carter Oct 4
Homebuyers, lenders increasingly wise to flood risk: Zillow
Mortgage applications were more likely to be denied by lenders or withdrawn by homebuyers in census tracts where a higher share of buildings was at risk of future flooding
by Daniel Houston Oct 4
Credit union invites members to back zero-down mortgages
Blue Federal Credit Union is partnering with real estate agents to find creditworthy borrowers for creative 'no-money-down' mortgage program
by Matt Carter Oct 4
Mortgage company Cornerstone Home Lending is now a bank
The acquisition and merger with Roscoe State Bank pave the way for the lender to provide new products, services and resources through advanced technologies
by Matt Carter Oct 3
UWM now offering mortgages without lender's title insurance
The nation's largest wholesale mortgage lender moves to capitalize on rule changes by mortgage giants Fannie Mae and Freddie Mac aimed at helping borrowers save on their closing costs
by Matt Carter Oct 3
'Big four' title insurers take market share away from independents
As lenders pivoted from refinancing to more complex purchase loan transactions, independent title insurers saw premiums written drop by 18.4% from a year ago
by Matt Carter Sep 30
WEST adopts name of flagship product MyHome in rebrand
Williston Financial Group subsidiary Williston Enterprise Solutions and Technology establishes an independent identity for MyHome collaboration platform it launched in 2015
by Matt Carter Sep 30
Fannie Mae looks to affordable housing nonprofit for next CEO
Former JP Morgan Chase Director Priscilla Almodovar leads Enterprise Community Partners, which has business ties to the mortgage giant
by Matt Carter Sep 29
RE/MAX's Motto Mortgage named a top 'recession-proof' opportunity
As lenders pivot to serve homebuyers, RE/MAX franchisor's 'mortgage brokerage-in-a-box' also makes separate list of top franchise opportunities for Black entrepreneurs
by Matt Carter Sep 29
Mortgage rates haven't been this chaotic since Black Monday: Study
A buyer looking at $500,000 houses in July would have seen their potential monthly payment fall by $177 in August, then rise by $328 since, according to a new analysis by Redfin
by Daniel Houston Sep 29
Snapdocs integrations with Byte, BeSmartee will automate closings
American Bancshares is among the first lenders to make the most of the new integration with BeSmartee to provide digital closing documents and collect eSignatures
by Matt Carter Sep 29
CMS seeks to set 'gold standard' in mortgage origination technology
With backing from Canadian software giant Constellation Real Estate Group, Constellation Mortgage Solutions will debut its new NOVA loan origination solution at MBA annual conference
by Matt Carter Sep 28
US housing markets considered 'overvalued' quadrupled in 2022
Median home sale prices exceed the house-buying power of would-be buyers in 19 of 50 markets, according to data released Tuesday by First American Financial Corp.
by Matt Carter Sep 28
Mortgage demand stalls as rates climb toward 7% on Fed moves
Rates for borrowers with credit scores below 680 making down payments of less than 20 percent climbed past 7% on Monday, according to Optimal Blue
by Matt Carter Sep 28
PNC Bank partners with Blend to digitize mortgage applications
'Strategic partnership' is a win for mortgage tech and title insurance provider Blend, which has cut its workforce by about 25% this year and racked up an accumulated $995M deficit
by Matt Carter Sep 27