Tag Archives: mortgage

Former Illinois judge sentenced to year in prison for mortgage fraud

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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 →

Homebuyer scammed out of fortune hired by title company

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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 →

Housing market expected to stabilize in 2019: Fannie Mae

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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, a new AI mortgage startup, promises smarter lending

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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 →

Millennials’ unconventional credit habits may change scoring models

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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 finances are crushed by a “debt machine,” Opendoor co-founder says

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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 →

FHFA raises conforming loan limits to $484,350

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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 →

LoanDepot originator’s email to Realtor ignites blowback

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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 →