Newzip signs third mortgage lender to its agent-matching service

State Employees Credit Union of Maryland is the third lender to sign with Newzip, which helps lenders court homebuyers by offering them discounts when they agree to work with preferred real estate agents. Continue reading

Damn the torpedoes! Maxwell full speed ahead on acquisitions

The Denver-based mortgage tech provider is open to more deals after acquiring LenderSelect and Revvin and becoming a one-stop shop for more local lenders during a cyclical market downturn. Continue reading

Latest Ocrolus offering is designed specifically for mortgage lenders

The leader in artificial intelligence-driven financial document automation has combined three of its solutions into a mortgage dashboard for classifying, capturing and analyzing borrower documents. Continue reading

Better cuts mortgage sales team 2 weeks after $500M SPAC raise

The lender has become more reliant on its B2B channel, with partnerships alongside companies like Ally Bank and American Express accounting for nearly half of its mortgage originations. Continue reading

Serious mortgage delinquencies poised to bounce from 17-year low

Early-stage delinquencies have increased for three months in a row, suggesting that delinquency rates may be nearing a bottom, according to first look at Black Knight Mortgage Monitor report. Continue reading

Surprisingly strong jobs report sends interest rates soaring

Drop in unemployment claims on the heels of hawkish Fed warnings sends 10-year Treasury yields soaring to a 15-year high, with mortgage rates likely to follow. Continue reading

Fed stays put but is prepared to hike rates one more time this year

Treasury yields, a barometer for mortgage rates, barely budged Wednesday as bond market investors look ahead to next year when the Fed is expected to start bringing short-term rates back down. Continue reading

Demand for purchase loans picks up, but so do mortgage rates

Applications for FHA mortgages and conforming loans backed by Fannie and Freddie were up last week, even as rates crept back toward 2023 highs registered in August. Continue reading

Investors who fund most home loans get new climate risk tool

Intercontinental Exchange Inc. teams up with DeltaTerra Capital to translate physical climate risk estimates into financial risk assessments factoring in default risk, asset price depreciation and insurance costs. Continue reading

Mild recession, elevated mortgage rates eyed in 2024: Fannie Mae

Fannie Mae economists predict “mild recession” next year, but say mortgage rates may not ease as much as previously expected. Continue reading