CredEvolv coaches homebuyers to help them qualify for mortgages
Integration with Freddie Mac's HomeCoach tool lets housing counselors access automated underwriting tools used by mortgage lenders
by Matt Carter Oct 18
UWM now offering mortgages without lender's title insurance
The nation's largest wholesale mortgage lender moves to capitalize on rule changes by mortgage giants Fannie Mae and Freddie Mac aimed at helping borrowers save on their closing costs
by Matt Carter Oct 3
Big lenders get a head start, adopt $715,000 conforming loan limit
Moves by Rocket and United Wholesale Mortgage could help borrowers get better rates and make smaller down payments when taking out loans that were previously classified as jumbo
by Matt Carter Sep 7
Mortgage company Homepoint laying off 'hundreds' of workers
The Michigan-based and third-largest wholesale mortgage lender aims to cut costs by more than $100M a year in response to an 'extremely challenging' lending environment
by Matt Carter Sep 2
Attorney title opinions could give title insurers a run for their money
SingleSource Property Solutions and Voxtur launch an alternative to title insurance that's designed with Fannie Mae and Freddie Mac's new guidelines in mind
by Matt Carter Aug 23
Fannie Mae brings in net income of $4.7B in Q2
Like its sister company, Freddie, Fannie Mae remained profitable in Q2 despite pressure from inflation, rising interest rates and worsening affordability, according to earnings released Friday
by Marian McPherson Jul 29
Freddie Mac posts healthy profit despite big drop in mortgage volume
The mortgage giant generated more than $2.5B profit and grew its mortgage portfolio despite dramatic declines in new purchase loans and refinancing
by Matt Carter Jul 28
Commission study paid for by HomeServices comes under fire
The study argues that decoupling commissions would harm first-time, low-income, and minority buyers, but critics like the Consumer Federation of America say it's based on a faulty premise
by Andrea V. Brambila Jul 27
Lenders gearing up to help renters become homebuyers
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
by Matt Carter Jul 26
Why super long mortgages won't be a thing, and why that's good news
Longer loans, including a 50-year concept recently floated in the UK, are sometimes framed as a way to improve housing affordability. But the experts aren't convinced
by Jim Dalrymple II Jul 15
Roostify, Indecomm aim to expedite gig workers' mortgage applications
The partnership integrates Indecomm's automated income calculation technology, IncomeGenius, into the Roostify Beyond platform to analyze income of self-employed borrowers
by Matt Carter Jun 29
Delinquency rates remain at rock bottom, according to new report
CoreLogic reports the number of people behind on their mortgage payments fell to a new record low, helped by rise in home prices and past government protection
by Taylor Anderson Jun 14
Don't blame investors for run-up in home prices, Freddie Mac says
Researchers at the mortgage giant point to 4 things that drove the meteoric rise in home prices over the past few years. Investors weren't one of them
by Taylor Anderson Jun 13
The shifting market will slow prices down — but won't stop them cold
The market is reaching a turning point in which price reductions are more common. But that doesn't mean homes can't still appreciate in value
by Jim Dalrymple II Jun 7
CoreLogic Chief Economist Frank Nothaft dies unexpectedly
Before taking on the role of CoreLogic's chief economist, Nothaft spent nearly 3 decades at mortgage giant Freddie Mac
by Matt Carter Jun 6