When lenders reject US veterans, who you gonna call?

NewDay USA has encountered controversy in its time doing business, but some brokers say that it can help veterans with traditionally low credit scores land reasonable loans. Veterans should just make sure that they enter the agreements with their eyes … Continue reading

Say hello to Property Portfolio

Every Tuesday, Property Portfolio brings readers a mix of the latest news and information on the growing investment property market, as well as the most important industry trends and new developments, the powerful new technologies and tools reshaping h… Continue reading

Quicken Loans agrees to pay HUD $32.5M

Quicken Loans confirmed today it has agreed to pay the U.S. Department of Housing and Urban Development $32.5 million to resolve a multi-year legal battle between the lender and HUD. Continue reading

Trump admin blocking undocumented immigrants from FHA loans

A Trump administration official confirmed this week that the Federal Housing Administration is not providing mortgages to undocumented immigrants who arrived in the U.S. as children. Continue reading

Notarize teams up with Fidelity National Financial

The companies announced the partnership Tuesday, saying in a statement that it will allow Fidelity’s agents to use Notarize’s platform for online closings. Continue reading

Big changes are coming to Fannie and Freddie … beware

Last weekend the Federal Housing Finance Agency announced the first in a likely series of changes at Fannie Mae and Freddie Mac. Continue reading

Mortgages are the most satisfying form of debt: study

They say you can’t buy love, but maybe you can buy happiness — in the form of your home loan. That, at least, is one of the possible takeaways from a new study that found different types of debt have significantly different impacts on peopl… Continue reading

Lender slapped with $1.75M fine for bungling demographic data

Freedom Mortgage reported inaccurate information on race and sex between 2014 and 2017. The firm originated 50,000 mortgages per year during that period. Continue reading

Best of both worlds? Notarize launches ‘hybrid’ closings for lenders

The service is exactly what it sounds like, with consumers able to sign some documents online while still wrapping things up in the traditional way at their lender’s office. Continue reading