Author Archives: Matt Carter

Lawsuit accuses United Wholesale Mortgage of antitrust violations

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A Florida mortgage broker alleges UWM is violating the law by refusing to do business with brokers who send loan applications to Rocket Mortgage or Fairway Independent Mortgage. Continue reading →

Citi pledges to serve more minority homebuyers

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The lender is expanding access to HomeRun and Lender Paid Assistance mortgage programs, two loan products that can be important tools for minority borrowers in low- and moderate-income neighborhoods. Continue reading →

Nation’s largest thrift acquires top 20 mortgage lender

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Flagstar Bancorp Inc., a top 20 mortgage lender that does business nationwide, is merging with the nation’s largest thrift, New York Community Bancorp Inc., in a $2.6 billion deal will give the combined company nearly 400 branches in nine states. Continue reading →

Google rolls out AI platform for mortgage lenders

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Google Cloud rolled out Lending DocAI in preview mode last fall with Roostify, a provider of digital mortgage solutions to lenders, on board as a strategic partner. Continue reading →

Top brokers reveal how they’re coping with tight inventory

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At Connect Now, brokers from around the country shared advice on keeping buyers motivated and sellers focused, surfacing new listings and accomplishing your goals without compromising your values. Continue reading →

Forbearance rate drops for seventh week in a row

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At 4.5 percent, the mortgage forbearance rate is 18 times higher than before the pandemic, but much improved from a high of 8.55 percent in June. Continue reading →

Investment guru Jim Cramer pays off mortgage with bitcoin profits, gets roasted

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“I now own a house, lock, stock and barrel, because I bought bitcoin,” said Cramer. “I don’t know, I think I won!” But not everyone agrees with his decision. Continue reading →