Tag Archives: mortgage

Rocket says AI helping it grow capacity and keep expenses flat

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With second quarter net income up 28 percent to $178 million, CEO Varun Krishna says Rocket is making “significant investments in data leadership and infrastructure.” Continue reading →

To mortgage or not to mortgage? That is the question (for brokers)

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HomeLight CEO Drew Uher says he’s glad to be out of the mortgage business. Fathom CEO Marco Fregenal sees value of being in lending “in a very selective way.” Continue reading →

Affordability: It’s not just high mortgage rates and home prices

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The rising cost of construction, insurance and property taxes are creating obstacles for homebuyers that require help from real estate agents and mortgage lenders: LoanDepot CEO Frank Martell. Continue reading →

Mortgage rates continue descent as Fed hints at September rate cut

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Fed policymakers are acknowledging that while they’re determined not to cut rates until inflation is tamed, they’re also worried about waiting too long — and throwing the economy into a tailspin. Continue reading →

Private mortgage insurers again losing market share to FHA, VA

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FHA premium cuts spur growth, but borrowers with stellar credit can still do better taking out conventional Fannie Mae- or Freddie Mac-eligible mortgages with private mortgage insurance. Continue reading →

Mortgage lenders gearing up to use more inclusive credit scoring

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Release of historical credit scores on tens of millions of loans will help lenders prepare for transition to VantageScore 4.0 next year. Release of FICO Score 10 T data next on deck. Continue reading →

Inflation cools again in June, giving mortgage rates room to ease

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As inflation gets closer to Fed’s 2 percent target, economists at Fannie Mae and the Mortgage Bankers Association predict mortgage rates will continue to drop into the low sixes by the end of next year. Continue reading →

Debate over title insurance alternatives is heating up again

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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 →

Cornerstone staffs up to grow servicing, builder partnerships

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Seven executive hires in 2024 include Dana Abernathy, who will expand the company’s servicing operations, and Mike Iorio, who is tasked with growing homebuilder partnerships. Continue reading →