After expanding into 8 new states and more than doubling its market footprint this year, the Power Buyer is laying off 136 employees in search of an 'achievable path to profitability'
This case is the first-ever redlining settlement against a mortgage company and the second-largest such settlement in DOJ history
Fed Chairman Jerome Powell hinted Wednesday that the US central bank is looking to dial back the pace of interest rate hikes as soon as the impact of increases shows up in inflation data
If rates come down in the next 3 years, Rocket Mortgage's program will cover some refinancing costs including first appraisal, credit report, tax certification, and mortgage recording fee
Opinion
This week, you told us about the top 5 apps that you simply can't do without on your cell phone
After conducting 2 rounds of layoffs, Keller Williams' lending arm looks to grow its business by making a popular lead conversion tool available to all of its loan officers
New technology and policy changes at Fannie Mae and Freddie Mac spur innovations by Guild Mortgage and Ready Life to help borrowers without credit scores and good payment histories
The number of adjustable-rate mortgages offered to consumers has more than tripled from the 1st half of 2021 to the 1st half of 2022, according to a new report by LendingTree
The layoffs come after a rapid expansion into new markets including Texas, Colorado and Idaho following a $150M Series C funding round
Borrowers with limited English proficiency are said to be more likely to make it through the complex application process, enabling lenders to close loans faster and boost loan officer production.
Opinion
This week, Byron Lazine and Nicole White discuss a downturn in homebuilder sentiment and truths agents should acknowledge in a market shift
Rebranding and tighter integration of Truebill into Rocket platform is part of a broader effort to transform the company's stable of more than a dozen brands into a fintech platform
Decline in purchase applications aligns with slower homebuilding activity due to reduced buyer traffic and ongoing building material shortages, according to the Mortgage Bankers Association
Opinion
This week, we wanted to know: How can you tell when someone is a luxury agent? Is it their marketing, price point or ZIP code?
EXL, Corridor Platforms and Oliver Wyman are teaming up to help smaller lenders harness data analytics, artificial intelligence and the cloud for turnkey digital lending programs
30-year loans of up to $5M provided by Florida-based Milo Credit LLC allow investors to avoid capital gains taxes — and don't require down payments, credit scores or US citizenship