A week after announcing a new in-house mortgage product, Opendoor has another move up its sleeve — 4.99 percent mortgages. The company’s CEO said the offering has “obvious scale advantages.” Continue reading
A Michigan mortgage lender is facing a class action lawsuit alleging it used AI-generated, artificial-voice cold calls to pitch refinancing without consent. Continue reading
Opendoor is testing an in-house mortgage product, reviving its lending ambitions as it pushes toward a fully integrated, end-to-end transaction platform. Continue reading
Mortgage lender Rate has launched RateFi, a nationwide non-QM mortgage program that allows qualified borrowers to use verified cryptocurrency holdings for mortgage qualification without liquidating their digital assets. Continue reading
Lower previously acquired residential portal and tech firm Movoto, and struck up a marketing partnership with HomeSmart. The Acopia deal helps the company expand in the Southeast. Continue reading
After 20 years as CEO of one of the largest companies in real estate, Kelman says he now plans to find a role outside of the industry. Continue reading
The top five lender and loan servicer says it’s already using HomeVision’s AI technology to evaluate collateral and will expand its capabilities to create an automated end-to-end underwriting platform, including income, assets and credit. Continue reading
Trump administration claims quotas for low-income borrowers hurt the middle class. NAR says where is the data? Consumer and civil rights groups say hundreds of thousands of working class and minority homebuyers will be sent packing. Continue reading
FHFA Director Bill Pulte says his agency is currently reviewing a potential deal with Fair Isaac to allow lenders to use the more inclusive FICO Score 10 T when submitting loans to Fannie Mae and Freddie Mac. Continue reading
FHFA Director Bill Pulte ordered the mortgage giants to start using more inclusive VantageScore 4.0 in July. But adoption is a “complex, technical and arcane” process that could drag into next year. Continue reading