Debate over title insurance alternatives is heating up again
Republican attorneys general in 14 states urge Fannie Mae and Freddie Mac's federal regulator to kill a pilot program that allows some borrowers to refi without obtaining title insurance
by Matt Carter Jul 25
Cornerstone staffs up to grow servicing, builder partnerships
7 executive hires in 2024 included Dana Abernathy, who will expand the company's mortgage servicing operations, and Mike Iorio, who is tasked with growing homebuilder partnerships
by Matt Carter Jul 24
Falling mortgage rates have yet to translate into pricier home sales
Applications for purchase mortgages dropped last week for the 2nd week in a row as rising home prices continue to shut many would-be homebuyers out of the market: MBA survey
by Matt Carter Jul 24
Industry mourns DocMagic founder and CEO Dominic Iannitti, 60
CFO Pat Theodora taking over as CEO after Iannitti, a pioneer of numerous paperless processes including eVault and eSign capabilities, died unexpectedly of complications from pneumonia
by Matt Carter Jul 23
Economists predict big slowdown in home price appreciation
As for-sale listings continue to surge, many would-be homebuyers are still having trouble finding properties that they can afford. Prices are already coming down in some markets
by Matt Carter Jul 23
Eyeing next refi boom, lenders plan to maintain or grow payrolls
Lending industry leaders surveyed by Fannie Mae see the lack of housing supply as the biggest risk factor in 2024, but most expect refinancing to pick up next year if rates continue to fall
by Matt Carter Jul 22
Sagent hires Mr. Cooper vet Jaime Gow to grow new servicing platform
In what's shaping up to be transformational year for the company, Sagent has revamped its leadership and launched Dara platform to handle every phase of mortgage loan servicing
by Matt Carter Jul 22
A pivotal moment: Take the Inman Intel Index survey for July
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by Daniel Houston Jul 22
Tech enables instant mortgage payments with a debit card
Payment processing technology developed by REPAY is now available to loan servicers through ICE Mortgage Technology's Servicing Digital solution, a customer engagement and retention tool
by Matt Carter Jul 19
Regulators modernizing giant database of mortgage pros
Launched during the 2008 financial crisis to weed out bad actors, the Nationwide Multistate Licensing System will be updated this weekend as part of a multi-year modernization project
by Matt Carter Jul 18
Aven lands $142M in funding to take HELOC credit card nationwide
Former Fannie Mae and Freddie Mac chief executives Tim Mayopoulos and Michael DeVito are joining a newly formed advisory board in conjunction with funding round led by Khosla Ventures
by Matt Carter Jul 17
Big drop in mortgage rates fuels refis, but homebuyers unmoved
One issue for would-be homebuyers seeking jumbo mortgages is that rates haven't come down as dramatically as they have for conforming mortgages eligible for purchase by Fannie and Freddie
by Matt Carter Jul 17
How to break down the pros and cons of buying down interest rates
Interest rate buydowns involve a trade-off between upfront costs and long-term affordability. Clever CEO Luke Babich offers strategies to help clients make the choice
by Luke Babich Jul 17
Zavvie's power buyer suite for mortgage lenders is catching on
More than 7,500 loan officers in all 50 states have access to cash offers that can be approved in as little as an hour; NEO Home Loans, American Financial Network are among the biggest partners
by Matt Carter Jul 16
HUD: Appraisal that erased $220K in home value was discriminatory
Appraisal management company Solidifi and lending giant Rocket Mortgage are also charged with violating the Fair Housing Act in 2021 refinancing request. Rocket says it expects to prevail
by Matt Carter Jul 16
Mortgage 'knowledge gaps' may be thwarting would-be homebuyers
3 in 4 Americans are planning to buy the next time they move, but many are overestimating minimum down payment, credit score underwriting requirements, according to a new Fannie Mae study
by Matt Carter Jul 16