Fathom Realty buys a ‘proven model’ for first-time homebuyers

START Real Estate has just 70 agents, but founders Randy and Terri Bell have built a business model with a 70 percent mortgage attach rate that Fathom wants to take nationwide. Continue reading

Mortgage rates ebb as Powell hints at end of ‘quantitative tightening’

Fed chair dismisses suggestion that central bank could resume its purchases of mortgage-backed securities to bring down mortgage rates and improve housing affordability. Continue reading

Supreme Court just might give REX another shot at NAR, Zillow

Attorneys for the defunct brokerage have petitioned the Supreme Court to weigh in on whether NAR’s no-commingling rule could have violated antitrust law, even if optional. Continue reading

LoanDepot revamps leadership as it fights steering allegations

Since returning in July as CEO of the company he founded, Anthony Hsieh has cleaned house, hiring or promoting 10 executives who can help take loanDepot “back to our roots.” Continue reading

Equifax cuts VantageScore 4.0 mortgage credit scores to $4.50

Once Fannie Mae and Freddie Mac are ready to start accepting VantageScore 4.0, the algorithm will go head-to-head with the less inclusive FICO Classic score. Continue reading

Feds charge Trump nemesis Letitia James with bank fraud

James calls allegations over $109,600 mortgage baseless retribution, and a “continuation of the president’s desperate weaponization of our justice system.” Continue reading

Shutdown slowing FHA, VA approvals; USDA loans are on hold

The FHA’s Office of Single Family Housing and some of its mortgage insurance programs are “operational but with limited services,” HUD said in bulletin to lenders. Continue reading

Uber driver charged in blaze that erupted into the Palisades Fire

Investigators believe one of the deadliest and most destructive fires in California history was a “holdover” from the Lachman Fire, which Jonathan Rinderknecht, 29, is accused of starting. Continue reading

Fannie, Freddie close NY offices as Trump battles Letitia James

The Trump administration is using its tight control over the mortgage giants to continue a vendetta against New York attorney general and other political opponents, critics say. Continue reading

Trump’s Fannie, Freddie public offering might not have much impact on mortgage rates

If the government keeps tight control over the mortgage giants and provides an “implicit guarantee” of their debt, rates might rise by 1/5 of a percentage point, Stanford researchers conclude. Continue reading