Maxwell Processor Edge uses machine learning to help loan processors tackle more work while also cutting loan approval times
Better CEO Vishal Garg has apologized to the mortgage company's staff, saying he failed to show adequate respect for the 900 former employees who were let go last week
Redwood Trust, which issues 'jumbo' loans that are off limits to Fannie and Freddie, said in a new critique that costlier markets are better served by private lenders
Regulators spell out rules for transitioning ARM borrowers to other indexes by 2023
Acquisitions also paving way for expansion into related software verticals including mortgage, title and home warranty
The online mortgage company is facing scrutiny from former employees and on social media, where a video of CEO Vishal Garg firing employees over Zoom drew thousands of reactions
Company says it's positioned for growth as lenders shift their focus from refinancing mortgages to providing purchase loans
Applications to refinance fell 41% from a year ago as rates increased for the third week in a row, according to The Mortgage Bankers Association’s Weekly Mortgage Applications Survey
Fed chair Jerome Powell says economy is 'very strong' and inflation now looks like more than a transitory issue
An 18% increase in conforming loan limit, to $647,200, is the biggest leap in records dating to 1970
Deal geared at helping investors acquire and liquidate individual single-family rental properties, or entire portfolios, more efficiently
Prospects for acclerated tapering of mortgage purchases in January now in doubt
Fed policymakers are prepared to adjust the pace of asset purchases if inflation continues to run hot, minutes released Wednesday of their Nov. 3 meeting show
Purchase loans were up 5% last week and applications by homeowners to refinance existing mortgages were up 0.4% week over week, according to the Mortgage Bankers Association
Opinion
Appraisal Institute's president Rodman Schley is addressing unconscious bias, amping up diverse recruiting and partnering with others who are also working to do what is right
Strategic investment by Canadian private equity firm Novacap provides fuel for growth