Veterans Affairs will suspend rule blocking vets from paying agents
Deputy Director of Policy Michelle Corridon said Tuesday the agency would lift rules preventing vets from using low-cost VA loans to pay agents until it engages in a formal rule-making process
by Taylor Anderson May 22
Calque partners with more lenders to offer 'The Trade-In Mortgage'
This year, Calque has partnered with some big names including C2 Financial and Cornerstone First Mortgage, as well as a number of smaller players like Portland, Oregon-based Theory Mortgage
by Matt Carter May 21
Polly, nCino integration could help lenders build referral business
A growing network of partners including CoreLogic and Byte Software are accessing Polly's capital markets platform and product and pricing engine through application programming interfaces
by Matt Carter May 20
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by Daniel Houston May 20
UWM expands program that dispenses with title insurance
Nation's largest mortgage lender says brokers 'will no longer need to work with a title company or settlement agent for title work, balancing fees, scheduling closing or any related communication'
by Matt Carter May 17
Mat Ishbia
Lawsuit alleges search results on Mortgage Matchup are 'designed to steer borrowers to brokers who funnel nearly all their business to UWM' regardless of which lender offers best loan terms
by Matt Carter May 16
Flagstar exiting warehouse business to bolster parent NYCB
JPMorgan Chase Bank has agreed to buy about $5B in mortgage warehouse loans from NYCB. Flagstar will continue retail and wholesale mortgage lending and servicing operations
by Matt Carter May 15
Mortgage rates headed under 7% on encouraging inflation data
Homebuyers have yet to respond in force to drop in rates, which have been in retreat from 2024 highs for 3 consecutive weeks following Fed easing and soft jobs and CPI reports
by Matt Carter May 15
Back in growth mode, Better is hiring again but still in the red in Q1
The lender boosted mortgage volume 25% from Q4 but suffered a $51M loss, according to Q1 earnings data on Tuesday. CEO Vishal Garg said Better's future 'lies in Uberizing the loan officer'
by Matt Carter May 15
Zillow now showing buyers how rate changes affect their options
Powered by mortgage rates from Zillow Home Loans, BuyAbility tool could help listing portal's lending affiliate get a head start on other lenders that it competes with for homebuyers
by Matt Carter May 14
Assumable mortgage platform Roam expands coverage area
With $3M in new seed funding from Founders Fund, Roam wants to help buyers 'wind back the clock' on mortgage rates in markets nationwide by the end of the year
by Matt Carter May 10
UWM hiring 'hundreds' as mortgage originations surge 24%
United Wholesale Mortgage's $180.5M in net earnings were boosted by the sale of $70B in mortgage servicing rights (MSRs) and a $141M markup in the value of the $230B in MSRs retained
by Matt Carter May 9
More US mortgages are 'seriously underwater' as equity dwindles
The share of seriously underwater mortgages moved up slightly from 2.6% to 2.7% in Q1, according to a report from Attom released Thursday
by Ben Verde May 9
Blend trims loss, shrugs off decline in mortgage segment revenue
In reporting $20.7M Q1 loss, mortgage tech and cloud banking software provider says it's debt free and on faster track to profitability, thanks to $150M cash injection from Haveli Investments
by Matt Carter May 8
Mortgage demand picks up as rates retreat from 2024 highs
Some borrwers were quick to spring into action, with applications for purchase loans rising by a seasonally adjusted 2% and requests to refinance up 5% week over week, MBA survey shows
by Matt Carter May 8
Low-income buyers' mortgage applications drop to 2018 levels
Households with a median income of $64K or less lost their buying gains in 2023, according to Redfin. The share of new mortgages issued to this group dropped 11% from 2020 to 2023
by Marian McPherson May 8