Rocket offering renters up to $5K in closing credits

RocketRentRewards lets homebuyers earn closing cost credits equal to 10 percent of their verified rent payments over the past year, or $2,160 for those paying the average $1,800 in rent. Continue reading

Better waiving $995 origination fee for repeat mortgage customers

“Better Forever” incentive is not offered on HELOCs, nor to borrowers who apply through third-party platforms like LendingTree, CreditKarma, Bankrate or Nerdwallet. Continue reading

Better waiving $995 origination fee for repeat mortgage customers

“Better Forever” incentive is not offered on HELOCs, nor to borrowers who apply through third-party platforms like LendingTree, CreditKarma, Bankrate or Nerdwallet. Continue reading

Better waiving $995 origination fee for repeat mortgage customers

“Better Forever” incentive is not offered on HELOCs, nor to borrowers who apply through third-party platforms like LendingTree, CreditKarma, Bankrate or Nerdwallet. Continue reading

DC-area title companies settle agent steering scheme with AG

DC Attorney General Brian Schwalb found that four title companies gave financial and other perks to real estate agents in return for homebuyer referrals. The companies have agreed to pay $3 million. Continue reading

Debate over title insurance alternatives is heating up again

Republican attorneys general in 14 states urge Fannie Mae and Freddie Mac’s federal regulator to kill a pilot program that allows some borrowers to refi without obtaining title insurance. Continue reading

Mortgage giants offering very low income homebuyers a spring break

Fannie Mae and Freddie Mac are offering a $2,500 credit that borrowers can put toward their down payment, closing costs, escrow or mortgage insurance premiums. Continue reading

Attorney title opinions could give title insurers a run for their money

SingleSource Property Solutions and Voxtur launch an alternative to title insurance that’s designed with Fannie Mae and Freddie Mac’s new guidelines in mind. Continue reading

As mortgage lenders’ costs rise, so do homebuyers’ closing costs

Rising home prices and lender costs helped drive up homebuyers’ closing costs by 13.4 percent in 2021, to an average of $6,905. Loan production expenses hit an all-time of $9,470 per loan high during the fourth quarter of 2021. Continue reading

CoreLogic to acquire automated closing costs firm ClosingCorp

The deal is expected to close in the third quarter if it receives regulatory approvals and meets “customary closing conditions.” Continue reading