Mortgage lender Rate has launched RateFi, a nationwide non-QM mortgage program that allows qualified borrowers to use verified cryptocurrency holdings for mortgage qualification without liquidating their digital assets. Continue reading
Mortgage lender Newrez announced this week that it’ll let would-be borrowers count their crypto assets when qualifying for a loan. The company said it’s the first major lender to make such a move. Continue reading
The top five lender and loan servicer says it’s already using HomeVision’s AI technology to evaluate collateral and will expand its capabilities to create an automated end-to-end underwriting platform, including income, assets and credit. Continue reading
California regulators collect $1.8 million fine after accusing Caliber Home Loans of overcharging nearly 5,000 borrowers for interest that accrued before their first mortgage payment was due. Continue reading
FHFA Director Bill Pulte tells ‘crypto influencer’ he’s signed more than 80 orders revamping policies and procedures at the mortgage giants, only 12 of which have been made public. Continue reading
Proceeds from sale of up to 34.5 million shares, which hit a 52-week high on Sept. 19, to be used for corporate purposes that may include future acquisitions, investments or debt repayment. Continue reading
After cutting nearly 500 jobs after Computershare acquisition, lender to eliminate another 277 positions in August, including senior executives in Colorado, Arizona and Florida. Continue reading
Pending layoffs of 420 Newrez employees in Colorado and 53 workers in Florida follow $1.4 billion in acquisitions as parent company Rithm seeks to diversify beyond mortgage lending. Continue reading
Homebuyers don’t just want good rates, they want lenders to solve problems that will keep them from getting to the closing table, J.D. Power finds. Continue reading
New mortgage JV with New Jersey-based Keller Williams Bergen County Partners, Carnegie Mortgage Partners, follows on heels of similar deal in Georgia. Continue reading