This net income increase is up significantly from the first quarter of 2020, when, struggling with restrictions due to COVID-19, the mortgage giant posted a net income of just $500 million. Continue reading
LoanDepot has formed three joint ventures with builders in just over four months. Continue reading
Watch Byron Lazine and Nicole White give a real estate agent’s perspective on industry-related topics. In this edition of The Real Word, they’ll discuss how Biden’s tax proposals could affect real estate, Zillow Zestimates in today’s housing market and… Continue reading
Real estate and mortgage solutions provider SimpleNexus announced its new partnership with Notarize to conduct full eClosings. Continue reading
Hispanic and Black Americans who purchase lower-priced homes than white Americans can lead to further wealth gaps, according to a study by the National Association of Realtors. Continue reading
Freddie Mac reported a surge in new business, increasing it’s earnings to $2.8 billion in the first quarter, up from just $200 million last year. Continue reading
The 30-year fixed-rate mortgage averaged 2.98 percent, up slightly from last week’s 2.97 percent, according to Freddie Mac’s Primary Mortgage Market Survey. Continue reading
The FHFA announced that Fannie Mae and Freddie Mac will begin offering a new refinance product this summer for low-income homeowners. Continue reading
Google Cloud may be making waves in the world of intelligent document processing with the rollout of a purpose-built solution for the mortgage industry, Lending DocAI, but there are at least 27 technology vendors competing in the space. Continue reading
OJO Labs’ latest homebuyer survey found that Black homebuyers were three times more likely to have a credit score below 660, which inhibits access to down payment assistance programs and agent support. Continue reading