Tag Archives: mortgage

Inman unveils its inaugural 2023 ‘Best of Finance’ award winners

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For the first time in its history, Inman recognized more than 120 companies for their influence and ingenuity in the mortgage and financial services space. Continue reading →

Mr. Cooper says it will use AI to service $1 trillion in mortgage loans

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The loan servicer spends “several hundred million dollars a year” on call center operations and expects $50 million in annual savings at the outset of a ‘multiyear’ artificial intelligence project. Continue reading →

Impac Mortgage kicked off of NYSE American exchange, shares plunge

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The non-QM lender has kept the doors open by slashing costs and repositioning its retail consumer direct channel, CashCall Mortgage, to be a mortgage broker. Continue reading →

Homebuyer demand for purchase mortgages up despite higher rates

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Mortgage rates are expected to ease as markets anticipate Federal Reserve policymakers will raise rates just one more time this year and then reverse course. Continue reading →

Fannie and Freddie’s fees going up Monday despite lender objections

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The Federal Housing Finance Agency says risk-based fee increases are aimed at ensuring the mortgage giants’ safety and soundness, not to subsidize fee waivers for buyers of limited means. Continue reading →

Home sales will be ‘subdued’ for rest of 2023, Fannie Mae projects

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The housing sector’s resilience to higher prices and mortgage rates has bolstered prices, but a lack of for-sale inventory is expected to limit sales, according to Fannie’s latest monthly forecast. Continue reading →

More tech vendors approved to support appraisal-free mortgages

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Stewart Valuation Intelligence (SVI) is the latest technology vendor to be approved by Fannie Mae to support the new value acceptance + property data valuation process. Continue reading →

Fairway loses 8 California branches to rival Guild Mortgage

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The defection of former Fairway division manager John Lowe and 40 colleagues who originated $350 million in loans last year “is equal to that of a mini acquisition.” Continue reading →

Legislation aimed at banning mortgage trigger leads is back

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Despite lobbying by mortgage trade groups, two previous bills failed to attract cosponsors and died in the House Committee on Financial Services without a second reading. Continue reading →

Listing shortages kept prices from falling in Q1: Fannie Mae

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The mortgage giant’s quarterly Home Price Index shows national home prices were up 1 percent during the first quarter of 2023 compared to the final three months of 2022. Continue reading →