The move could help qualifying borrowers avoid taking out a jumbo mortgage at a higher rate as Rocket gets a jump on an expected increase in Fannie Mae and Freddie Mac’s 2024 loan limits. Continue reading
State Employees Credit Union of Maryland is the third lender to sign with Newzip, which helps lenders court homebuyers by offering them discounts when they agree to work with preferred real estate agents. Continue reading
UWM and Rocket Mortgage are also leveraging Fannie Mae and Freddie Mac programs tailored to borrowers earning less than 80 percent of the area median income. Continue reading
Loan officers and assistance programs are just 2 ways to close the knowledge gap, Zillow Senior Economist Orphe Divounguy and Rocket President Tim Birkmeier said Wednesday at Connect. Continue reading
United Wholesale Mortgage, the nation’s largest lender, also raised refinancing volume by 23 percent after being hammered by higher interest rates, according to Q2 earnings released Wednesday. Continue reading
The Detroit-based mortgage giant returned to profitability during the spring homebuying season by slashing costs and boosting its market share in the face of severe inventory shortages. Continue reading
Changing of the guard demonstrates mortgage is just one component of a larger fintech strategy, with former Intuit, PayPal exec set to succeed interim CEO Bill Emerson on Sept. 5. Continue reading
Major real estate companies began reporting Q2 earnings this week against a backdrop of high rates, low inventory and a sluggish economy. Analysts shared what they’re watching with Intel. Continue reading
With Fannie and Freddie leading the charge, a growing number of lenders are using special purpose credit programs to boost homeownership in underserved communities. Continue reading
The deal raises the amount homeowners can exempt from the taxable value of their properties from $40,000 to $100,000, ensuring Texas will remain among the fastest growing states in the U.S. Continue reading