Veterans Affairs will suspend rule blocking vets from paying agents

Deputy Director of Policy Michelle Corridon said Tuesday the agency would lift rules preventing vets from using low-cost VA loans to pay agents until it engages in a formal rule-making process. Continue reading

Calque partners with more lenders to offer ‘The Trade-In Mortgage’

This year, Calque has partnered with some big names including C2 Financial and Cornerstone First Mortgage, as well as a number of smaller players like Portland, Oregon-based Theory Mortgage. Continue reading

Polly, nCino integration could help lenders build referral business

A growing network of partners including CoreLogic and Byte Software are accessing Polly’s capital markets platform and product and pricing engine through open APIs. Continue reading

Share your expertise: Take the Inman Intel Index survey for May

The Inman Intel Index goes beyond sentiment and trends by tapping into the real estate industry’s most engaged community. Add your voice to real estate’s most ambitious monthly survey today. Continue reading

UWM expands program that dispenses with title insurance

Nation’s largest mortgage lender says brokers “will no longer need to work with a title company or settlement agent for title work, balancing fees, scheduling closing or any related communication.” Continue reading

UWM’s controversial mortgage site now an official NBA partner

Lawsuit alleges search results on Mortgage Matchup are “designed to steer borrowers to brokers who funnel nearly all their business to UWM, regardless of whether UWM offers the most competitive loan terms.” Continue reading

Flagstar exiting warehouse business to bolster parent NYCB

JPMorgan Chase Bank has agreed to buy about $5 billion in mortgage warehouse loans from NYCB. Flagstar will continue retail and wholesale mortgage lending and servicing operations. Continue reading

Mortgage rates headed under 7% on encouraging inflation data

Homebuyers have yet to respond in force to drop in rates, which have been in retreat from 2024 highs for three consecutive weeks following Fed easing and soft jobs and CPI reports. Continue reading

Back in growth mode, Better is hiring again but still in the red in Q1

The lender boosted mortgage volume 25 percent from Q4 but suffered a $51 million loss, according to Q1 earnings data on Tuesday. CEO Vishal Garg said Better’s future “lies in Uberizing the loan officer.” Continue reading

Zillow now showing buyers how rate changes affect their options

Powered by mortgage rates from Zillow Home Loans, BuyAbility tool could help listing portal’s lending affiliate get a head start on other lenders it competes with for borrowers. Continue reading