Homebuyers are beginning to seek smaller mortgages as rates rise

As demand picks up for government loans favored by entry-level buyers, the average purchase mortgage request has shrunk by 10 percent, to $413,500. Continue reading

Polly integrated with all 6 primary mortgage insurers

The ability to retrieve quotes from private mortgage insurers helps borrowers assess their options and streamlines the mortgage insurance process for lenders. Continue reading

What the US climate-risk review means for FHA, VA loans and more

Government agencies are looking to better quantify risks from climate change, a step with implications for government-backed home loans. Continue reading

Why sellers are shunning FHA and VA offers

FHA and VA loans are essential to first-time buyers, who account for about four out of every five FHA purchase loans. However, in today’s market, sellers are quick to dismiss offers that come with this type of financing. Here’s why. Continue reading

Deep dive into mortgage data claims glaring racial disparities

Mortgage lenders are more likely to turn down homebuyers of color than white applicants with similar attributes, and algorithms are likely to blame, according to in-depth analysis by The Markup, a nonprofit newsroom that’s “watching big tech.” Continue reading

Watch: How to hire a virtual assistant to cold call homeowners for seller leads

In this week’s episode of Keeping it Real, we dive deep into the data around o prospecting homeowners directly over the phone. Continue reading

Forbearance rate drops for seventh week in a row

At 4.5 percent, the mortgage forbearance rate is 18 times higher than before the pandemic, but much improved from a high of 8.55 percent in June. Continue reading