CrossCountry Mortgage joins Rocket, Pennymac, UWM and Rate in raising conforming loan limit above current $766,550 cap for Fannie Mae and Freddie Mac ahead of an official announcement
With prices rising, it's becoming standard operating procedure for big lenders like Rocket to help homebuyers avoid jumbo loan pricing by getting a jump on FHFA's official announcement
Lender creates and funds an escrow account that's used to cover the difference between the full monthly mortgage payment and the payment with the reduced rate until the buydown expires
Before executive roles at CrossCountry Mortgage, Draper and Kramer, and Wintrust, Knapp spent more than a decade as a loan originator and executive at Guaranteed Rate
A 'Chicago Tribune' investigation included accounts from former employees who described incidents of sexual harassment, misogyny and bullying
Shant Banosian of Guaranteed Rate told Inman Connect New York attendees Thursday that a seller's market is likely to persist for years
The lender's new RateReduce Sell program allows sellers to pay points to lock in a discounted mortgage rate that their real estate agent can cite in co-branded marketing materials
As Shant Banosian gears up to speak at Inman Connect New York in January, he sat down with Inman to discuss the landscape for mortgage lenders heading into 2024
Colony Ridge, the developer of more than 40,000 lots northeast of Houston, says its clients have no opportunity to get a loan from anyone else and dismisses federal lawsuit as baseless
Following Rocket's lead, UWM and Guaranteed Rate say they'll price mortgages of up to $750K as if they're eligible for purchase by Fannie Mae and Freddie Mac in anticipation of 2024 increases
With Fannie and Freddie leading the charge, a growing number of lenders are using special purpose credit programs to boost homeownership in underserved communities
As it continues to sign private label partners for its blockchain-powered loans, Figure says it's provided more than $6B in HELOCs to roughly 85,000 households in 45 states
Relocation and moving services provider Sirva Worldwide Inc. has agreed to sell its stake in Troy, Michigan-based Premia Relocation Mortgage LLC for an undisclosed sum
Stewart Valuation Intelligence (SVI) is the latest technology vendor to be approved by Fannie Mae to support new value acceptance + property data valuation process
New products and agent partnerships could help Better make the transition from a company known primarily for refinancing existing loans to one that's geared to serving homebuyers