Fed will keep buying $40 billion in mortgages every month
As Fed's balance sheet approaches $8 trillion, policymakers say path of the economy continues to depend on the course of the pandemic
Jul 29
Truework speeding up income verification for gig-economy workers
Service lets employees log into their payroll provider and share verified data with a few clicks
Jul 28
Drop in mortgage rates spurs refis, but not home sales
With rates on 15-year mortgages hitting a record low, requests to refinance accounted for two-thirds of mortgage applications
Jul 28
Total Expert integrates RatePlug to connect loan officers with agents
RatePlug, a marketing platform that connects mortgage loan officers and real estate agents, is now integrated into Total Expert, a customer relationship management solution
Jul 27
Stewart bolsters Midwest operations with Title First Agency acquisition
After posting record second quarter earnings, Stewart Information Services Corp. has acquired one of the nation's largest independent title agencies, Title First Agency Inc.
Jul 27
Cloud providers are now big players in the mortgage process
AWS, Google Cloud, and Microsoft Azure have developed proprietary AI and machine learning capabilities that can be customized for lenders
Jul 27
1M homeowners face elevated risk of foreclosure when protections lift
Delinquency rates are at the lowest level since the pandemic began, but borrower protections are lifting in September: Black Knight
Jul 21
Ransomware attack threatens closings, sensitive client data
Cloudstar, host of title insurance apps, is still down five days after being hit by 'highly sophisticated ransomware attack'
Jul 21
Better eyes real estate brokerage as next step in end-to-end platform
Better's real estate brokerage subsidiary has largely flown under the radar, but that's about to change as it seeks to become licensed in all 50 states
Jul 21
Homebuyer pool set to expand with mortgage alternatives: CEOs
The CEOs of 2 leaders in the field — Divvy Homes and HomeLight — said during Connect Now on Tuesday that they can help agents' clients negotiate challenging market conditions
Jul 20
If home prices don't cool, watch for Fed tightening and rising mortgage rates
Fannie Mae economists warn rising rents and record home price appreciation could help fuel inflation
Jul 19
New restrictions on Fannie, Freddie refis blamed for tighter mortgage credit
After 6 months of easing, credit availability tightened by 8.5% in June
Jul 16
Fannie and Freddie will eliminate mortgage refinancing fee starting Aug. 1
Mortgage giants' federal regulator expects lenders to pass savings along to borrowers
Jul 16
Digital closing firm Doma sees agents as key area for growth
CEO Max Simkoff says Doma provides a 'white label' closing solution to real estate agents that provides a better consumer experience
Jul 15
Dip in rates boosts demand for mortgages
Applications for purchase loans and refinancing both up during holiday-shortened week
Jul 14
Morty will expand nationwide with $25M in new funding
Series B funding will also enable mortgage marketplace to boost hiring, marketing and product development
Jul 14
Rising home prices boost demand for jumbo mortgages
Rates on jumbo loans are currently lower than conventional mortgages, but could surge higher in the months ahead
Jul 12
How mortgage lenders are preparing for the end of the refi boom
Top priorities: Improve the loan origination process, hire more loan officers, and partner with builders and real estate agents
Jul 12
Rocket-owned Nexsys is automating homeowners insurance verification
4 of nation's top 10 providers of homeowners insurance now integrated with real-time verification platform Clear HOI
Jun 30
Truework says Encompass integration can speed mortgage approvals
Automating employment and income verification can get homebuyers to the closing table faster
Jun 30