Piggy bank
A new study shows that people were happiest with their lives when their debt was in the form of mortgages and least happy when it was tied to medical expenses
by Jim Dalrymple II Jun 10
Lender slapped with $1.75M fine for bungling demographic data
Freedom Mortgage reported inaccurate information on race and sex between 2014 and 2017. The firm originated more than 50,000 mortgages per year during that period
by Jim Dalrymple II Jun 7
Handshake over computers
The startup has completely rebuilt its mortgage tech platform in an effort to bridge the old and new world of home transactions
by Jim Dalrymple II Jun 5
Tour Frank Lloyd Wright Mayan-inspired $23M mansion
The iconic Ennis House has been on the market for nearly a year
Man in baseball jersey uniform overlooking Mumbai
The program will combine previously separate markets for mortgage-backed securities known as TBAs. Proponents say it will lower mortgage interest rates
by Jim Dalrymple II Jun 4
Helping buyers find a home for the fam? Share these 7 tips
Add value by helping your clients figure out their budget, where they’d like to realistically live and what to expect along the way
by Roger Odoardi Jun 4
Redfin: Warren’s debt cancellation plan would help millennial homebuyers
A new study from the tech-focused brokerage found that the average millennial could buy a home 3 years more quickly under the 2020 Democratic presidential contender’s proposal
by Patrick Kearns May 31
Wells Fargo hires mortgage tech chief from JP Morgan
Steve Hagerman will serve as Wells Fargo's head of consumer lending technology and will be responsible for the bank's new and emerging technology platforms
by Jim Dalrymple II May 29
Nearly 1B mortgage docs accessible by First American security flaw
The massive title insurance company left millions of documents — with sensitive data including SSNs — available for unauthorized users to see
by Jim Dalrymple II May 26
SEC charges real estate developer with fraud in Ponzi scheme
The SEC seeks to freeze Robert Morgan's assets as a result of the fraud charges
by Patrick Kearns May 23
Mortgage rates hit yearly lows
The average rate on a 30-year mortgage was 4.06% this week, down from 4.66% at this time last year
by Patrick Kearns May 23
HUD secretary slammed for confusing REO with Oreo cookies
Ben Carson was asked Tuesday during a hearing about the acronym ‘real estate owned,’ which applies to certain foreclosed properties
by Jim Dalrymple II May 21
Open sign
A multi-channel, multi-state lender called Open Mortgage filed suit claiming that the iBuyer's advertising is 'confusingly similar' to its own trademarks
by Teke Wiggin May 15
Feds want looser data reporting regulations for smaller lenders
A proposed rule change would let smaller lenders avoid government data reporting requirements if they only make a few closed-end mortgages per year
by Jim Dalrymple II May 2
Divvy can now pre-approve rent-to-own customers in 15 minutes
The San Francisco-based startup has streamlined an online application process that used to take up to a week
by Jim Dalrymple II May 2