Viant Eye says Trufile plug-in enables all-digital mortgage

Viant Eye’s says rollout of its MISMO-compliant plug-in means SMART Docs “aren’t just for eNotes” but documents across the whole loan lifecycle from origination to recording. Continue reading

Freedom Mortgage to pay $1.75M to settle agent kickback scheme

Regulators claim lenders’ marketing agreements with more than 40 real estate brokerages, including Realty Connect USA, were a conduit for kickbacks that generated more than 1,000 mortgage referrals. Continue reading

Mortgage rate surpasses 7% in new 2023 high as demand falls again

Even after adjusting for seasonal factors, applications for purchase loans fell for the fifth-straight week as mixed inflation data raised doubts that Fed will ease, pushing mortgage rates to new highs. Continue reading

Rating agencies issue more cautions about banking industry

It’s not just regional banks but larger lenders, such as JPMorgan and Bank of America facing uncertainty if interest rates stay higher for longer, analysts said. Continue reading

Mortgage assistance for Hawaii fire victims includes forbearance help

Fannie Mae, Freddie Mac and the Federal Housing Administration outlined relief for homeowners as FEMA and the state of Hawaii rushed to provide emergency housing for displaced residents. Continue reading

Blend Labs laying off 150 more workers on ‘path to profitability’

The mortgage technology, title provider and cloud-based banking platform has eliminated more than 1,000 positions in five rounds of layoffs in the last 16 months. Continue reading

Better 1 step closer to long-delayed IPO with approval of SPAC merger

Shareholders on Friday overwhelmingly approved a plan to merge mortgage lender Better HoldCo with the Aurora Acquisition Corporation. The deal is expected to close before the end of August. Continue reading

Computer vision pioneer Restb.ai unleashes its tech on valuations

The Valuation Product Suite is geared at modernizing the appraisal process and assisting in compliance with new Fannie Mae and Freddie Mac programs that make it easier to get loans approved without an appraisal. Continue reading

Wells Fargo providing $10K in down payment assistance in 8 metros

To qualify for grants being made through Wells Fargo’s existing Special Purpose Credit Program, homebuyers can’t earn more than 120 percent of the area median income. Continue reading