Tag Archives: mortgage

Back as CEO, loanDepot founder has his work cut out for him

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Anthony Hsieh brings back two technology executives after loanDepot, which hasn’t turned a full-year profit since 2021, posts $25 million Q2 loss. Continue reading →

Defying conventional wisdom, UWM grows mortgage refis

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While rival Rocket Mortgage seeks to boost refis by becoming largest U.S. loan servicer, UWM CEO Mat Ishbia says AI, competitive pricing will help mortgage brokers compete for borrowers. Continue reading →

Love is blind, but FICO isn’t: Guiding couples with mismatched credit

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Agents need to talk with buyer clients about credit and financing early in the process, Lindsey Harn writes, to avoid disappointment later. Continue reading →

Lower mortgage rates get a few more homebuyers off the fence

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Tariff uncertainties and job loss worries meant lower rates had a bigger impact last week on refinancing demand than homebuying, MBA lender surveys show. Continue reading →

Mortgage bankers take a stand against tri-merge credit reporting

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Consumer group say FHFA’s plan to pit VantageScore 4.0 against older FICO Classic score will make “anti-competitive natures of the credit scoring market even worse.” Continue reading →

Mortgage trigger leads will be less crazy, but they ain’t going away

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Loopholes in new law mean credit bureaus will still be able to sell applicants’ information to their current lender, servicer or bank — a boon for lenders who also service their own loans. Continue reading →

Homebuyers sue brokerage they allege steered them to lender

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Raleigh Realty and CrossCountry Mortgage are accused in six separate lawsuits of operating an illegal “pay-to-play” scheme in violation of the Real Estate Settlement Procedures Act (RESPA). Continue reading →

Mortgage rates drop with stocks on surprise jobs report and new tariffs

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Trump announces new tariffs on dozens of countries beginning Aug. 7, fires BLS commissioner after revised jobs report shows dramatic slowdown in payroll growth in May and June. Continue reading →

Rocket seeing ‘awesome early data’ from Redfin acquisition

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CEO Varun Krishna says lender has already seen a surge in leads and higher conversion rates from the Redfin deal, thanks to “cross pollination” of leads, agent referrals and mortgage applications. Continue reading →

Redfin’s Glenn Kelman spills details on bittersweet transition to Rocket

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Kelman said it was a tough decision to sell, but one that ultimately will empower the company to better compete with portal giants like Zillow, Realtor.com and Homes.com while continuing to focus on customer service. Continue reading →