Fannie and Freddie will eliminate mortgage refinancing fee starting Aug. 1

Homeowners looking to refinance their mortgages could have an easier time getting a lower rate, with Fannie Mae and Freddie Mac’s federal regulator eliminating a 50-basis point refinancing fee that was intended to help the mortgage giants cover at leas… Continue reading

Digital closing firm Doma sees agents as key area for growth

Doma, which plans to go public this month on the strength of its digital title insurance, escrow and closing platform, is intent on growing its business with real estate agents. Continue reading

Morty will expand nationwide with $25M in new funding

Morty, an online mortgage marketplace that’s focused on serving homebuyers, has closed a $25 million Series B financing round that will allow it to beef up its hiring, marketing, and product development, and bring its services to homebuyers nationwide … Continue reading

Rising home prices boost demand for jumbo mortgages

Record-breaking home price appreciation is changing borrower behavior and the make-up of the mortgage market, said Black Knight Secondary Marketing Technologies President Scott Happ. Continue reading

How mortgage lenders are preparing for the end of the refi boom

While most mortgage executives continue to see direct-to-consumer lenders like Rocket Mortgage as their biggest competition, mortgage brokers are seen as an increasingly worthy rival. Continue reading

Truework says Encompass integration can speed mortgage approvals

Nearly half of all U.S. mortgages are originated using Encompass, and Truework’s employment and income data network provides instant verification for more than 35 million employees. Continue reading

Rising home prices may be crimping demand for purchase mortgages

Demand for purchase mortgages fell last week to the lowest level since May 2020, which could be a sign first-time homebuyers are getting squeezed out of the market. Continue reading

Tomo launches with aim to ‘be the best at purchase mortgages’

The technology-based lender co-founded by former Zillow executive Greg Schwartz is now live in Seattle, Dallas and Houston. The company will refer homebuyers to real estate agents through a partnership with coaching company Tom Ferry. Continue reading