Tag Archives: mortgage

Newrez returns to playbook, brings back 40-year fixed-rate mortgage

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The nonbank mortgage lender says 40-year, interest-only loans will help borrowers and investors who have been priced out of today’s housing market. Continue reading →

LoanDepot, appraiser sued after ‘whitewashed’ home’s value surges

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Dr. Nathan Connolly and Dr. Shani Mott alleged fair housing and civil rights violations after a second home appraisal came back $278,000 higher when they removed any indication of their race. Continue reading →

Bank of America’s new ‘solution’ helps minorities own homes

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The new zero down, zero closing cost mortgage Community Affordable Loan Solution is part of a $15 billion commitment to help 60,000 individuals and families purchase homes by 2025. Continue reading →

Cornerstone Home Lending to become a bank

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Approval by bank regulators will allow Cornerstone to “significantly expand” product and service offerings to hundreds of thousands of customers and referral sources nationwide. Continue reading →

Realtor.com’s Move takes a stake in lender matching service Own Up

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The partnership was announced along with a $25 million funding round led by Brand Foundry Ventures, with participation by Move and existing investors Link Ventures and Listen Ventures. Continue reading →

What marketing feels out of date but still (surprisingly) works? Pulse

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As we jump into Marketing and Branding Month, we want to know: What marketing may feel out of date but still works like a charm? Continue reading →

Borrower surveys pinpoint closings as problem area for lenders

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Investments lenders have made to streamline the application process seem to be paying off, but surveys show borrowers are still tripped up by document collection and closings. Continue reading →

The deadline to take Better.com public has been extended again

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Better still searches for options to remain a private company as the deadline to become a publicly traded company was pushed to March 8, according to a filing with the U.S. Securities and Exchange Commission. Continue reading →