Mortgage giants allegedly weren't informed in advance that they'd be required to accept VantageScore 4.0, and lenders have lots of questions about how the new process will work
While questions remain about details of the new policy, FHFA Director Bill Pulte says mortgage lenders must still use 'tri-merge' process to obtain scores from all 3 major credit bureaus
Price softening continues to spread from the Sunbelt into the Western U.S., and the inventory of homes for sale is growing at an accelerating pace, ICE Mortgage Technology reports
Fannie Mae survey echoes polls by the University of Michigan and the Conference Board that found uncertainty over Trump administration's tariff policies is weighing on consumer confidence
Requests to refinance are up 40% from a year ago, but uncertainty 'continues to hold homebuyers out of the market,' Mortage Bankers Association economist Joel Kan said Wednesday
Housing trade groups — including NAR, MBA and NAHB — like tax breaks for homebuyers and businesses, and urge lawmakers to put the bill on Trump's desk
With closure of merger, homebuyers get temporary rate buydown or up to $6K in lender credits from Rocket Mortgage when the buyer or seller is represented by a Redfin agent
Hopes that home sales will pick up may hinge more on additional inventory coming onto the market, which is expected to cool or reverse home price gains, economists say
By handling every aspect of homebuying and selling, from search to financing to title and closing, Rocket aims to cut transaction costs on the median priced home in half, from $40k to $20k
Payment options, including Automated Clearing House (ACH), card payments, pinless debit and real-time disbursements, simplify loan servicing, improve cash flow management for lenders
Recission of a dozen regulatory policies aimed at 'slashing red tape that drives up costs and shuts families out of the market' is effective immediately, HUD Secretary Scott Turner said
As negotiations continue, 2 closely watched surveys show Americans remain concerned that the US could soon face the dual challenge of an economic slowdown and an increase in inflation
NewHomeSource Chief Economist Ali Wolf will provide insights into economic factors, buyer behavior, and how market shifts are impacting consumers at Inman Connect San Diego
Common Securitization Solutions (CSS) has rebranded as US Fin Tech and will look to provide technology and business solutions to companies in addition to its owners
As Federal Reserve policymakers await more data confirming that inflation has been tamed, futures markets put the odds of a September rate cut at 90%, up from 64% a week ago
Head of Fannie Mae and Freddie Mac's federal regulator says mortgage giants should consider what risk mitigation might be required, 'including adjustments for market volatility'
The 2023 order, aimed at ensuring collection of information about applicants' race, ethnicity, gender, wasn't scheduled to be lifted until 2028. Regulators say bank has fulfilled its obligations
New offering lets existing homeowners tap their equity to buy before they sell and make non-contingent offers to better compete with cash buyers in competitive markets
After pilot tests in 11 markets, iBuyer expands its Key Connections program that puts partner real estate agents in touch with high-intent sellers who want to explore their options
No evidence of 'horizontal agreement' by real estate brokerages to inflate commissions, but judge will hear arguments alleging a 'vertical antitrust conspiracy' with NAR
