Quicken Loans and vacation rental company Vrbo are partnering to allow prospective buyers to use rental income on primary or secondary homes to qualify for a mortgage. Continue reading
Flat-fee brokerage Reali announced Wednesday that it has acquired a loan company and is launching its own, in-house mortgage service. Continue reading
General Electric has agreed to pay $1.5 billion to the U.S. Justice Department over allegations that one of its subsidiary businesses made misrepresentations related to subprime lending. Continue reading
If you’ve ever had stressed out buyers, you know that they can consume your time, resources and energy. Take the time to explain the purchase process and set expectations, and you’ll create a zen buyer experience that your clients will remember forever… Continue reading
Constellation Real Estate Group has acquired mortgage tech provider Mortgage Builder, adding a 12th company to its rapidly growing portfolio. Continue reading
One of the most important rules of sales is to not spin your wheels on a dead-end deal — and real estate is no exception. Taking a few extra steps in the beginning to qualify a new buyer beyond financing can help set up both parties for success. Here a… Continue reading
The U.S. Senate on Thursday confirmed Mark Calabria to head the Federal Housing Finance Agency (FHFA), the agency tasked with overseeing the government-sponsored entities Fannie Mae and Freddie Mac. Continue reading
Jamie Dimon doesn’t wade deeply into specific changes that he’d like to see in the mortgage industry, but in his new letter does point to his company’s new digital mortgage fulfillment process — which he says allows closings within three weeks — as a b… Continue reading
Buyer clients will often ask: Do I need to be pre-approved for a loan before I start house hunting? Yes. This practice is the first step necessary to put clients in a strong buying position to reach their goals in the journey to homeownership. Continue reading
In a statement, Zillow framed the new program as a way to beef up its online homebuying and re-selling program Zillow Offers (in which the company makes all-cash offers on homes to homeowners and prospective sellers) Continue reading