Blend Labs embraces Doma’s ‘instant title decisioning’ solution

Doma claims Upfront Title can saves borrowers 40 percent to 70 percent on title insurance. In a trial run with Mr. Cooper, the solution cut loan cycles by three days and saved borrowers hundreds of dollars on title fees. Continue reading

Meme stock rally? Short squeeze? Opendoor’s share price is soaring

Opendoor, which posted a $392 million 2024 net loss and faced delisting from the Nasdaq Stock Market, is hoping to reach more sellers through partner real estate agents. Continue reading

Outside lawyers, WSJ editorial board urge Trump not to fire Powell

Trump administration would probably lose court battle, lawyers reportedly advise White House, and markets would react badly, “The Wall Street Journal” warns. Continue reading

Backers of rival mortgage credit scores wage public relations war

As new scoring models by Fair Isaac and VantageScore vie for acceptance by Fannie Mae and Freddie Mac, claims and counterclaims fly. In the meantime, mortgage giants are stuck with FICO Classic. Continue reading

Homebuyers get cold feet as mortgage rates rebound from lows

Purchase loan applications came in last week at the slowest pace since May, as renewed concerns about the impact of tariffs drive up mortgage rates and weigh on consumer sentiment. Continue reading

Fannie Mae and Freddie Mac are not accepting VantageScore 4.0

Once selling guides are updated, lenders will have the option of using either VantageScore 4.0 or the Classic FICO scoring model, but FICO Score 10 T remains in limbo, FHFA says. Continue reading

Mortgage rates are headed up again on June CPI inflation report

Inflation moved away from Fed’s 2 percent target for the second month in a row, with the cost of goods and services rising 2.7 percent from a year ago, up from 2.3 percent in April. Continue reading

Trump adminstration accuses another political opponent of mortgage fraud: Adam Schiff

Like Leticia James, Sen. Adam Schiff denies lying on mortgage applications and decries “baseless attempt at political retribution” that won’t stop him from holding Trump accountable. Continue reading

Trump adminstration accuses another political opponent of mortgage fraud: Adam Schiff

Like Leticia James, Sen. Adam Schiff denies lying on mortgage applications and decries “baseless attempt at political retribution” that won’t stop him from holding Trump accountable. Continue reading

Fed rebuts accusations that Powell mismanaged $2.5B renovation

Central bank refutes allegations by Trump administration officials that headquarters renovation project has been mismanaged and that Powell lied to Congress about its specifics. Continue reading