Tag Archives: mortgage

There’s a ‘magic number’ that moves homes. Will we ever hit it?

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Homebuyers have been holding out for a 5.5 percent rate, Maegan Sherlock told Intel. It may take a while for them to adjust their expectations. Continue reading →

California puts another $200M into shared appreciation loans

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CalHFA’s Dream For All loan program for first-time homebuyers burned through the first $300 million funding round in less than two weeks. Continue reading →

Angelo Mozilo, symbol of subprime mortgage lending, dies at 84

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The co-founder of Countrywide Financial cast himself as the leader of the revolution to expand access to mortgage lending but became the public face of the subprime mortgage collapse. Continue reading →

AI mortgage chatbot launches as ChatGPT comes under scrutiny

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Beeline CEO Nick Liuzza is unfazed after the lender launched what it claims is the world’s first AI mortgage chatbot during the same week that the FTC hit ChatGPT creator OpenAI with an investigative demand. Continue reading →

US Bank, UWM join movement to boost minority lending

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With Fannie and Freddie leading the charge, a growing number of lenders are using special purpose credit programs to boost homeownership in underserved communities. Continue reading →

Truework adds fraud protection to automated income verifications

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Most borrowers who have granted their mortgage lenders permission to verify their income and employment won’t have to confirm the request a second time with their employer’s payroll provider. Continue reading →

Figure powering HELOCs for 4 more independent mortgage banks

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As it continues to sign private label partners for its blockchain-powered loans, Figure says it’s provided more than $6 billion in HELOCs to roughly 85,000 households. Continue reading →

Americans resigned to high home prices, mortgage rates: Fannie Mae

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Consumer confidence in the housing market “appears to have plateaued at a relatively low level,” said Fannie Mae Chief Economist Doug Duncan in a new homeowner survey released on Friday. Continue reading →