Mortgage lenders face heightened risk of income, property fraud
Risk of false W-2's, earnings statements and payroll checks up 27.3% during Q2 compared to a year ago, according to the latest CoreLogic Mortgage Fraud Report, released Monday
by Matt Carter Sep 13
Homebuyer education, counseling no panacea for mortgage default
Women and adults under 30 did see improvements to their credit scores in pioneering a randomized study of 5,854 prospective first-time homebuyers
by Matt Carter Sep 9
Banks reclaim more properties in August as foreclosures tick upward
Foreclosure notices have been on the rise in the past year, but actual bank repossessions remain scarce. That may be starting to change
by Daniel Houston Sep 8
More MSU athletes to plug UWM on social media
The Michigan-based lender's 'name, image and likeness' deal with men's football and basketball teams has expanded to encompass women's basketball and volleyball
by Matt Carter Sep 8
Mortgage demand flattens as rates make another run toward 6%
No sign of a rebound in purchase applications, but August data showing a strong job market 'should support housing demand,' MBA economist says
by Matt Carter Sep 7
Big lenders get a head start, adopt $715,000 conforming loan limit
Moves by Rocket and United Wholesale Mortgage could help borrowers get better rates and make smaller down payments when taking out loans that were previously classified as jumbo
by Matt Carter Sep 7
United Wholesale Mortgage is gunning for retail rivals' customers
United Wholesale Mortgage, the nation's biggest wholesale mortgage lender, is slashing rates and urging retail loan officers to defect to independent mortgage brokerages
by Matt Carter Sep 7
Here are the biggest marketing mistakes you see agents making: Pulse
Opinion
This week, you told us about the biggest marketing mistakes agents make, from failure to launch to failure to follow-up and more
by Inman Sep 7
US home equity has reached new heights. What happens next?
Gains in household real estate equity have far outpaced growth in US mortgage debt, according to new numbers from the Federal Reserve board
by Daniel Houston Sep 6
Mortgage company Homepoint laying off 'hundreds' of workers
The Michigan-based and third-largest wholesale mortgage lender aims to cut costs by more than $100M a year in response to an 'extremely challenging' lending environment
by Matt Carter Sep 2
The 40-year fixed-rate mortgage is back
Nonbank mortgage lender Newrez says 40-year, interest-only loans will help borrowers and investors who have been priced out of today's housing market
by Matt Carter Sep 2
LoanDepot, appraiser sued after 'whitewashed' home's value surges
Dr. Nathan Connolly and Dr. Shani Mott alleged fair housing and civil rights violations after a second home appraisal came back $278K higher when they removed any indication of their race
Bank of America zero-down loan marketed to Black, Latinx buyers
The new zero down, zero closing cost mortgage Community Affordable Loan Solution is part of a $15B commitment to help 60,000 individuals and families purchase homes by 2025
by Matt Carter Sep 1
Cornerstone Home Lending to become a bank
Approval by bank regulators will allow Cornerstone to 'significantly expand' product and service offerings to hundreds of thousands of customers and referral sources nationwide
by Matt Carter Aug 31
Realtor.com's Move takes a stake in lender matching service Own Up
The partnership was announced along with a $25M funding round led by Brand Foundry Ventures, with participation by Move and existing investors Link Ventures and Listen Ventures
by Matt Carter Aug 31
Mortgage rates, home prices continue to weigh on buyer demand
Purchase applications have declined in 8 of the last 9 weeks, according to a weekly survey by the Mortgage Bankers Association released on Wednesday
by Matt Carter Aug 31