Lawsuit accuses United Wholesale Mortgage of antitrust violations
A Florida mortgage broker alleges UWM is violating the law by refusing to do business with brokers who send loan applications to Rocket Mortgage or Fairway Independent Mortgage
by Matt Carter Apr 28
Citi pledges to serve more minority homebuyers
The lender is expanding access to HomeRun and Lender Paid Assistance mortgage programs, two loan products that can be important tools for minority borrowers in low- and moderate-income neighborhoods
by Matt Carter Apr 27
Nationwide Equities fined $140K for alleged deceptive advertising
The Consumer Financial Protection Bureau says the lender 'misled borrowers into believing they could not lose their homes with a reverse mortgage'
by Kelsey Ramírez Apr 27
Nation's largest thrift acquires top 20 mortgage lender
Will Flagstar merger supercharge New York Community Bank's mortgage lending?
by Matt Carter Apr 26
forbearances
The latest Mortgage Bankers Association survey shows forbearances dropped for eighth consecutive week
by Kelsey Ramírez Apr 26
paying mortgage
For Americans with mortgages, car payments and credit cards, a new TransUnion study shows paying their mortgage was a top priority during the pandemic
by Kelsey Ramírez Apr 26
Ocwen is doubling down on PHH Mortgage's loan originations
The acquisition of Texas Capital Bank's correspondent lending business is expected to double the channel's volume for PHH Mortgage
by Matt Carter Apr 26
Mat Ishbia and his journey to the top of the mortgage profession
United Wholesale Mortgage CEO Mat Ishbia shares what his life was like growing up, and how he became one of the wealthiest mortgage executives in the US
by Kelsey Ramírez Apr 26
Purchase Originations
The MBA announced Thursday at its Spring Conference and Expo 2021 that purchase originations are on track to grow 16.4% to a new record of $1.67 trillion in 2021
by Kelsey Ramírez Apr 22
Mortgage rates drop below 3% for first time in months
Average mortgage interest rates for a 30-year fixed rate mortgage dropped to 2.97% for the week ending April 22, according to Freddie Mac’s Primary Mortgage Market Survey
by Kelsey Ramírez Apr 22
servicers
Servicers must be empathetic, acknowledging to begin the conversation, a panel of experts at the Mortgage Bankers Association’s Spring Conference and Expo said on Wednesday
by Kelsey Ramírez Apr 22
delinquency rate
Mortgage delinquency rate plummets 16.4% from the previous month
by Kelsey Ramírez Apr 21
Google rolls out AI platform for mortgage lenders
Google Cloud introduced Lending DocAI in preview mode last fall with Roostify, a provider of digital mortgage solutions to lenders, on board as a strategic partner
by Matt Carter Apr 21
FHFA
The Federal Housing Finance Agency announced on Wednesday it will retire flexibilities after this final extension due to low usage
by Kelsey Ramírez Apr 21
mortgage applications
Mortgage applications increased 8.6% on a seasonally adjusted basis for the week ending April 16, 2021, according to the Mortgage Bankers Association
by Kelsey Ramírez Apr 21
FirstClose
The company seeks to transform real estate transactions for lenders and real estate agents
by Kelsey Ramírez Apr 20