Regulators order mortgage giants to eliminate upfront fees on many purchase loans in order to help first-time homebuyers of limited means, the Federal Housing Finance Agency announced Monday. Continue reading
Although mortgage companies go all-in on layoffs and bemoan the state of the industry, they’re failing to provide truly helpful solutions that would reassure buyers and get them into homes. Broker Troy Palmquist calls on big banks and MLSs to promote s… Continue reading
Mortgage applications were more likely to be denied by lenders or withdrawn by homebuyers in census tracts where a higher share of buildings was at risk of future flooding. Continue reading
The acquisition and merger with Roscoe State Bank pave the way for the lender to provide new products, services and resources through advanced technologies. Continue reading
A buyer looking at $500,000 houses in July would have seen their potential monthly payment fall by $177 in August, then rise by $328 since. Continue reading
The Seattle-based listing giant announced the three top innovations that emerged from its annual competition for students of historically Black colleges and universities. Continue reading
What crypto players are still standing as the market sheds weaker competitors? Rich Hopen outlines what’s next and what to expect in this Crypto Corner column.
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Purchase loan applications fell 29 percent from the same period last year, the result of rising rates that are double their levels from 2021, according to the Mortgage Bankers Association’s weekly index. Continue reading
Foreclosure notices have been on the rise in the past year, but actual bank repossessions remain scarce. That may be starting to change. Continue reading
United Wholesale Mortgage, the nation’s biggest wholesale mortgage lender, is slashing rates and urging retail loan officers to defect to independent mortgage brokerages. Continue reading