A former Illinois judge, the first Filipena elected in Cook County, cried in court as a judge sentenced her to a year in prison for fraudulently obtaining mortgages. Continue reading
In a rare, happy twist, a homebuyer who lost his downpayment to scammers is whole again after a title company hired the man to discuss cyber security. Continue reading
Economic growth is expected to slow in 2019 which means stabilizing home sales and mortgage rates in 2019, according to Fannie Mae’s economic and strategic research group. Continue reading
Lower’s platform will incorporate an internal, proprietary artificial intelligence technology dubbed LOAi, which will help in-house experts make mortgage recommendations. The platform will use AI to analyze thousands of data points and loan history. Continue reading
According to the latest study by data scientists at VantageScore Solutions, a scoring model still struggling to gain acceptance by the federal agency that regulates the two secondary mortgage giants Fannie Mae and Freddie Mac, millennials have similar … Continue reading
Millennials are regularly maligned as lazy, avocado toast-loving hipsters, but according to a co-founder of Opendoor — and a new study — the generation is instead plagued by a “debt machine” that puts them at a huge economic disadvantage compared to ol… Continue reading
Speak to someone who has just bought or sold their home, and in most cases, they will tell you it took longer than expected, cost more, and was frustrating and stressful. Why is this? Continue reading
The Federal Housing Finance Agency gives 2019 homebuyers a break with a 6.9 percent increase in the max loan amount Fannie Mae and Freddie Mac can purchase. Homebuyers will be able to afford a little more house at a slightly cheaper rate next year than… Continue reading
A mortgage originator with loanDepot in California tried to poach a Realtor that had worked with a mortgage broker on multiple transactions, the company confirmed to Inman after an email detailing the allegations was made public. Continue reading
Despite the latest technology disrupting real estate, people of color and minorities still face discrimination when it comes to home buying. Continue reading