Mortgage News
The Most Comprehensive Source of Mortgage-Related News
News for: Mortgage Lenders
Aug 1, 2025 8:23 AM
— Mortgage Lenders
Mortgage Calculator: Here’s How Much You Need To Buy a $440,950 Home at a 6.72% Rate
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Jul 31, 2025 2:23 PM
— Mortgage Lenders
Credit Score Changes Could Help More Renters Get Mortgages
Proposed changes to federal mortgage lending could make mortgages more accessible by allowing the use of VantageScore 4.0 in addition to FICO scores. VantageScore includes rent and utility payments in its calculations, potentially helping millions of creditworthy Americans qualify for mortgages. However, adoption of the new score by the mortgage industry may take time due to the need for new guide... more
Jul 31, 2025 9:23 AM
— Mortgage Lenders
Mortgage Interest Rates Today: Mortgage Rates Dip Slightly Even as Fed Holds Steady on Cuts
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Jul 31, 2025 8:24 AM
— Mortgage Lenders
Processing, HELOC Tools; FEMA and Detention Center Funding; Freddie's Net Worth Hits $65 Billion
The article discusses various topics related to the mortgage industry, such as lender services, technology innovations, rating agencies, and the impact of weather events on lenders and servicers. It also provides information on Freddie Mac's financial performance and highlights the need for timely communication and digital platforms for borrowers.
Jul 30, 2025 8:23 AM
— Mortgage Lenders
Jumbo, Non-QM Products; STRATMOR on Servicing Strategy; Fannie and Redwood Earnings; LO Comp Rule
The article discusses various updates in the mortgage industry, including changes in lending programs, a webinar on co-marketing strategies, and the closing of a large securitization. It also mentions recent financial results from Fannie Mae and Redwood Trust, as well as updates on the capital markets and Treasury auctions.
Jul 30, 2025 6:23 AM
— Mortgage Lenders
Movement Mortgage, Supreme Lending spar over trade secrets
Movement Mortgage and Supreme Lending are in a legal battle regarding a theft of trade secrets case, with one party accused of cutting originators' compensation when customers accepted lower rates. Other mortgage-related legal issues and incidents involving cyber security breaches, fraudulent originations, and money laundering are also mentioned.
Jul 25, 2025 5:00 AM
— Mortgage Lenders
Barry Habib added to Fannie Mae board
Barry Habib, CEO of MBS Highway, has been named to the Fannie Mae board. There is political pressure on the Federal Reserve chairman due to social media posts about inflation. The Treasury's need to finance growing debt is impacting monetary policy and housing costs. The 30-year fixed-rate mortgage is stable post-tariff spike. Fannie Mae and Freddie Mac are repositioning Common Securitization Solu... more
Jul 23, 2025 10:01 AM
— Mortgage Lenders
Fannie Mae faces bias suit after mass firing over fraud
Former Fannie Mae workers are suing their former employer for discrimination after being fired over fraud allegations. Rocket Companies reduced its workforce after a merger and plans to discontinue Rocket Card. J.D. Power reported that servicers had lower customer service satisfaction scores compared to mortgage originators. Multiply Mortgage offers interest rate discounts and perks for employees ... more
Jul 23, 2025 5:00 AM
— Mortgage Lenders
CFPB Warning; Elizabeth Warren & Bill Pulte; Non-Agency News
The article discusses the importance of working with mortgage companies that have strong ownership for long-term success in the industry. It also mentions the recent addition of a top loan officer to the Federal Savings Bank. Additionally, it touches on employment opportunities in the mortgage industry and the need for compliance with regulations like Fannie Mae's Information Security and Business... more
Jul 23, 2025 3:00 AM
— Mortgage Lenders
Home Sales May Fall to New 30-Year Low in 2025 as Mortgage Rates Remain Elevated
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Jul 22, 2025 3:00 AM
— Mortgage Lenders
Rate buydowns, negotiations, and nepo money: Here's how people are affording homes in today's market
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Jul 21, 2025 12:00 PM
— Mortgage Lenders
How To Find The Best Annuities With Low Fees
Annuities can provide guaranteed income in retirement but are complex to compare due to multiple types and fees. Advisors can use special software to compare annuities, while insurance agents can help with shopping. Websites like IncomeSolutions.com and DIY approach can also be used to compare annuity options.
Jul 18, 2025 12:00 PM
— Mortgage Lenders
Wells Fargo sued for not disclosing fees during loan origination
A California borrower is suing Wells Fargo for concealing over a decade that it improperly charged certain origination-related fees. The lawsuit claims that when customers accepted lower rates, the lender reduced or eliminated its originators' compensation.
Jul 18, 2025 10:00 AM
— Mortgage Lenders
FHFA's Vantagescore move changes math on mortgage insurance
The article discusses the potential adoption of VantageScore 4.0 by conforming mortgage lenders, highlighting concerns about infrastructure and policy alignment. The move introduces competition in credit scoring but also brings about challenges regarding implementation.
Jul 17, 2025 3:01 AM
— Mortgage Lenders
Why FHFA may bet on CSP to reform Fannie, Freddie
Recent plans involve a jointly owned government-sponsored enterprise entity for Fannie Mae and Freddie Mac's bonds, aligning with the goals of the Trump administration. Privatizing Fannie Mae and Freddie Mac could pose risks without regulatory safeguards. Democratic senators are against efforts to privatize these mortgage finance companies.
Jul 15, 2025 9:00 AM
— Mortgage Lenders
Corresp. and Wholesale, Internal Audit, Verification Products, Redlining Webinar; When LOs Should Prospect
The article discusses the integration of AI in financial services, specifically at Goldman Sachs, where an autonomous software engineer named Devin is being piloted. The advancement in AI technology is a growing concern for financial services leaders, and there is a need for more knowledge and strategy at the board level. The article also mentions other services and programs for lenders, such as T... more
Jul 14, 2025 9:01 AM
— Mortgage Lenders
HELOC, Servicing, AI Fee Research Tools; Webinars and Training; Anti-Poaching Interview
UWM Holdings Corp CEO and SFS Holding Corp sold shares of UWM Class A Common Stock, netting $5 million. UWM has invested $100 million in Bilt, a company offering rewards for housing payments. Bilt raised $250 million in new funding, introducing Bilt Card 2.0. Various companies are offering services, products, and programs for lenders and brokers in the mortgage industry. LoanCare offers subservici... more
Jul 14, 2025 3:00 AM
— Mortgage Lenders
Fannie, Freddie change rules for contributions, incentives
Recent updates to secondary-market rules for interested party contributions and incentives require lenders to be more cautious with popular strategies. The Department of Housing and Urban Development has withdrawn FHA mortgagee letters related to appraisals. Refinances are driving recent increases, but purchase activity is a key indicator of the housing market. Rising insurance costs and stricter ... more
Jul 11, 2025 3:00 PM
— Mortgage Lenders
Fannie Mae, Freddie Mac To Begin Using VantageScore
Mortgage giants Fannie Mae and Freddie Mac are planning to use a new credit score, VantageScore 4.0, in addition to the traditional FICO score, to underwrite applications for home loans. This new credit score considers a broader range of factors, potentially making millions more Americans eligible for mortgage loans. However, the impact on mortgage closing costs is expected to be minimal, as credi... more
Jul 11, 2025 7:01 AM
— Mortgage Lenders
Charles Schwab vs. Vanguard: Which broker is best for you?
The article compares Charles Schwab and Vanguard brokers in terms of cost, mutual funds, account fees, account minimums, tradable securities, trading platforms, account types, robo-advisor accounts, fractional shares, and customer support. Charles Schwab has an edge in options pricing, broader range of tradable securities, and customer support hours, while Vanguard stands out for its low-cost fund... more
Jul 9, 2025 12:00 PM
— Mortgage Lenders
Auto Loan Calculator
The article discusses how an auto loan calculator can help estimate monthly payments and total interest paid on an auto loan. It highlights factors such as principal, down payment, loan term, new vs. used vehicles, interest rates, and APR. It also provides tips on comparing rates, avoiding common car loan mistakes, first-time car buyer programs, managing auto loan payments, and refinancing options... more
Jul 8, 2025 4:04 PM
— Mortgage Lenders
Paying Rent on Time Could Now Help You Get a Mortgage After Key Change at Fannie and Freddie
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Jul 8, 2025 12:01 PM
— Mortgage Lenders
MSR Exchange, DSCR, DPA/Energy, Automated Bank Statement Analysis; LO Comp Changes
The article discusses various updates and developments in the mortgage industry, including information on technology impacting lending, a platform for vendors and service providers, and new loan products from different companies.
Jul 5, 2025 2:43 PM
— Mortgage Lenders
HELOC rates today, July 5, 2025: The home equity line of credit rate remains unchanged
The article discusses the best home equity line of credit (HELOC) lenders of July 2025 according to Yahoo Finance. It highlights some of the benefits and considerations for each lender, such as credit lines offered, payment flexibility, and fees. It also provides insights into the process of obtaining a HELOC and how to manage the debt effectively.
Jul 3, 2025 10:00 AM
— Mortgage Lenders
UPS to offer voluntary buyout packages to its US drivers
UPS is offering voluntary buyouts to its full-time U.S. drivers as part of a network reconfiguration that includes cutting 20,000 jobs and closing 73 facilities. The Teamsters union is opposed to these buyout plans, calling them a violation of their national contract with UPS.
Jul 1, 2025 9:00 AM
— Mortgage Lenders
HUD rescinds 12 FHA policies: What home lenders need to know
The Department of Housing and Urban Development (HUD) made changes to its manufactured housing programs, including eliminating the chassis requirement, which mortgage lenders believe will make the program more attractive for participants. This decision is part of HUD's alignment with the Trump administration's deregulatory strategy, despite reports of potential fraud and corruption.
Jun 30, 2025 2:00 PM
— Mortgage Lenders
Would-be Home Buyers Are Deterred by Interest Rates. Explore Your Options.
The article discusses various options for buying a home, including locking in the rate and utilizing government-backed loans.
Jun 27, 2025 5:00 AM
— Mortgage Lenders
Guild LOs bombarded by recruiters after $1.3B deal news
Guild Mortgage is finalizing a deal to go private through a $1.3 billion acquisition by Bayview Asset Management. The potential increase in fraud, corruption, and predatory practices in the mortgage industry due to this acquisition is causing concerns among regulators. The move to private ownership is part of a broader trend of mortgage lenders and servicing players merging. The Senate version inc... more
Jun 26, 2025 3:01 PM
— Mortgage Lenders
Fannie Mae, Freddie Mac revamp JV as fintech venture
Fannie Mae and Freddie Mac are unveiling a new strategy for their legacy joint venture, aligning with priorities set by President Trump and their federal overseer. The US government will retain guarantees and an oversight role over the mortgage giants while pursuing a public offering. The companies are also looking at digital currency's use in qualifying borrowers, and new House votes are bringing... more
Jun 26, 2025 5:01 AM
— Mortgage Lenders
Here's the latest stat showing how the US housing market has frozen over in 2025
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Jun 24, 2025 7:01 AM
— Mortgage Lenders
Warren Buffett ETFs: 6 Funds That Emulate The Investing Legend's Well-Known Strategies
The article discusses how investors can build their portfolios based on Warren Buffett's philosophy of investing in companies with competitive advantages, high return on equity, and undervalued stocks. It lists six exchange-traded funds (ETFs) that follow parts of Buffett's investment strategies, with a focus on quality companies and value investing. The article also mentions a unique ETF that tar... more
Jun 23, 2025 5:00 PM
— Mortgage Lenders
What Trump’s Bomb Strike on Iran Means for Mortgage Rates in the US
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Jun 23, 2025 1:00 PM
— Mortgage Lenders
Home Sales Stay Sluggish in May as Mortgage Rates and Uncertainty Weigh on Market
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Jun 21, 2025 5:03 AM
— Mortgage Lenders
Digital HELOC, Appraisal Review Products; Background AI; Hurricane Season is Here; Rates Holding Steady
The article covers various topics related to IT news, payment stubs, products and services for brokers and lenders, Federal Reserve decisions, acquisitions in the mortgage industry, and updates on the Atlantic hurricane season. It also discusses FEMA appointments, property insurance costs, and disaster declarations in states affected by severe weather.
Jun 19, 2025 11:00 AM
— Mortgage Lenders
How to Finance a Mobile or Manufactured Home
The article discusses various options for financing the purchase of mobile homes, as traditional mortgages may not be a viable choice due to lower sales prices and high depreciation rates. Options include FHA loans, MH Advantage mortgages, Freddie Mac Home Possible program, VA loans, chattel loans, and personal loans. The article also highlights the importance of credit scores, the stability of th... more
Jun 18, 2025 1:32 PM
— Mortgage Lenders
Fannie, Freddie regulator: Powell should cut rates or quit
Fannie Mae's and Freddie Mac's regulator is calling for Federal Reserve Chairman Jerome Powell to step down if he doesn't cut short-term rates. The Trump administration seems less willing to give up control of the mortgage giants, and analysts are unsure if mortgage rates and guarantee fees could rise if the government doesn't privatize Fannie and Freddie.
Jun 18, 2025 9:41 AM
— Mortgage Lenders
Mortgage rates move lower in front of Fed decision
Mortgage rate movements remained stable while investors awaited the conclusion of the Federal Open Market Committee meeting happening later in the day. The top five lenders had a significant mortgage origination volume at the end of Q1. There was a closed meeting between the Federal Housing Finance Agency, the Treasury, and the Securities and Exchange Commission, the first since 2017. The Mortgage... more
Jun 18, 2025 5:03 AM
— Mortgage Lenders
Auto Loan Early Payoff Calculator
The article discusses how to use an auto loan early payoff calculator to determine how to pay off a car loan early and save money. It covers factors such as interest rates, loan amount, repayment terms, prepayment penalties, and the benefits of making extra payments on the principal.
Jun 17, 2025 2:01 PM
— Mortgage Lenders
ICE Mortgage Technology launches its own APOR index
ICE Mortgage Technology has introduced a publicly available weekly average prime offer rate index. The top five lenders had over $43 billion in average mortgage origination volume at the end of Q1. Agency mortgage backed securities have declined about 1.1% since the beginning of April, trailing Treasuries and the broader US bond market. Some opposition is growing against the Trump administration's... more
Jun 17, 2025 5:01 AM
— Mortgage Lenders
Major Sapphire Reserve changes ahead: Chase launching a new business card and increasing annual fees
Chase Sapphire Reserve is undergoing a major revamp, with an increase in the annual fee to $795 for both personal and business cards. The cards will come with new benefits and features designed for luxury travel and lifestyle experiences, as well as an increased earning rate in certain categories. The Points Boost program will also be introduced to enhance points redemption. Current cardholders an... more
Jun 16, 2025 7:00 AM
— Mortgage Lenders
DOJ quietly axes more redlining settlements with lenders
The Trump administration is working to reduce Biden-era redlining enforcement. Interest rates do not expect to change soon. A meeting between federal housing agencies, treasury, and the SEC was publicized. Regulators say a Mississippi-based depository satisfied a settlement with the Biden administration. The top five lenders had an average mortgage origination volume of over $43 billion.
Jun 13, 2025 12:00 PM
— Mortgage Lenders
2nd Lien Reverse, Borrower Aid, Legal Counsel Products; FHA, USDA, VA Changes; FBC Rebrand
The article discusses various topics related to mortgage lending, including the impact of federal funding on state revenue, legal services for mortgage companies, technology solutions for mortgage lenders, strategies for retaining leads, retirement savings, reverse mortgages, and updates on industry news.
Jun 12, 2025 1:00 PM
— Mortgage Lenders
Mortgage Closing Costs by State as Rates Hover Near 7%
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Jun 12, 2025 9:01 AM
— Mortgage Lenders
Mortgage Interest Rates Today: Mortgage Rates Retreat Again on Better-Than-Expected Inflation, Jobs Reports
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Jun 11, 2025 11:00 AM
— Mortgage Lenders
How the $1,000 ‘Trump accounts’ for American babies compare to 529s and custodial Roth IRAs
President Donald Trump and American business leaders are celebrating a provision in his tax bill that would create investment accounts for babies born in the next few years, with benefits similar to retirement accounts. These 'Trump accounts' aim to contribute to the success of newborn babies and have similarities to 529 savings plans and Roth IRAs.
Jun 11, 2025 10:00 AM
— Mortgage Lenders
Processing, Non-QM, LOS, Warehouse Tools; Legal Firm and Compliance News
The article discusses various updates in the mortgage industry, such as foreclosure rates, new cloud-native LOS platforms, non-QM lending, and third-party loan processing services. It also mentions the importance of mortgage compliance and the CFPB's role in the industry.
Jun 11, 2025 6:03 AM
— Mortgage Lenders
Trigger leads bill advances on Capitol Hill
Lawmakers are working on a bill to protect the privacy of mortgage applicants nationwide, despite opposition from the Trump administration to roll back fair lending requirements. The bill will need to be reconciled between the House and Senate before reaching President Trump. The Consumer Financial Protection Bureau is requesting a review of five rules by the White House budget office. The mortgag... more
Jun 9, 2025 11:01 AM
— Mortgage Lenders
Mortgage company Rocket is buying Redfin, the brokerage. Its CEOs talked with USA Today.
Rocket, America’s largest mortgage lender, announced plans to buy Redfin, a national brokerage. The deal is worth nearly $1.75 billion and aims to offer consumers a more seamless and transparent home buying process. Both CEOs highlighted the importance of consumer-centric approaches. They discussed challenges in the industry regarding control over real estate listings and consumer representation c... more
Jun 9, 2025 8:51 AM
— Mortgage Lenders
Fee Cure, Short-Term Rental Appraisal, Servicing, Move-Up Products; Freddie and Fannie News
The article discusses ongoing mortgage meetings and conferences focusing on the role of Freddie Mac and Fannie Mae in lending. There is speculation about the government's future role in providing guarantees in case of another financial crisis, and the need to educate regulators and Congress on these issues. Various companies are also highlighted for their products and services tailored for lenders... more
Jun 9, 2025 8:00 AM
— Mortgage Lenders
There's a record $700 billion of homes for sale in the US. Here's why the market is still frozen.
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Jun 9, 2025 8:00 AM
— Mortgage Lenders
Questions to ask a home loan lender
The article discusses important questions to ask your home loan lender to ensure a smoother experience. It covers topics such as understanding mortgage options, required documents, down payment assistance programs, fees, interest rates, APR, rate locks, monthly mortgage payment breakdowns, closing costs, loan closing process, repayment process, prepayment penalties, and prequalifying with multiple... more
Jun 9, 2025 7:00 AM
— Mortgage Lenders
Buying Your First Home? FHA Loans Can Help
The article discusses how first-time homebuyers can benefit from using an FHA home loan to overcome financial hurdles in the homebuying process. It highlights the lower down payment requirements and potentially lower mortgage rates associated with FHA loans, making homeownership more achievable for many buyers.
Jun 7, 2025 3:00 AM
— Mortgage Lenders
It’s a Buyer-Friendly Housing Market as Mortgage Rates Dip
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Jun 5, 2025 11:00 AM
— Mortgage Lenders
The best time to make a lump-sum mortgage payment, according to the experts
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Jun 5, 2025 9:17 AM
— Mortgage Lenders
Hedging, Reverse 2nd Lien, HELOC, Borrower Portal, Broker, 2nd Mortgage Products; Florida Insurance News
The article discusses various trends and developments in the mortgage industry, including an analysis of personal property insurance in Florida, the shift towards home equity products, updates on wholesale mortgage sales, information on non-conforming and non-QM loans, and announcements from various mortgage lenders.
Jun 5, 2025 9:00 AM
— Mortgage Lenders
Mortgage Rates in US Drop for First Time in More Than a Month
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Jun 4, 2025 10:22 AM
— Mortgage Lenders
From mortgage rates to prices, here are 3 housing-market predictions for 2025 from Goldman Sachs
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Jun 2, 2025 2:00 PM
— Mortgage Lenders
Guide to first-time homebuyer loans and programs
First-time homebuyer loans offer affordable rates, flexible requirements, and assistance with closing costs and down payments. Different types of loans like conventional loans, FHA loans, VA loans, and USDA loans are available for first-time buyers. Programs like down payment assistance, employer-assisted housing, and tax breaks can also help first-time buyers.
May 30, 2025 9:00 AM
— Mortgage Lenders
Correspondent DPA, Home Equity Products; Training and Webinars in June; STRATMOR on Navigating DC
The article discusses various products and services related to mortgages, such as Flyhomes Instant Equity, Aven Broker Program, Click n' Close Down Payment Assistance programs, and the launch of the Chrisman Marketplace. It also mentions upcoming events and webinars related to mortgage news and trends.
May 29, 2025 7:02 AM
— Mortgage Lenders
Simple Loan Payment Calculator
The article provides information on how to calculate monthly loan payments, understand the impact of loan term and interest rates, and compare different loan options. It also offers tips on saving money through refinancing or paying off loans early, as well as information on factors affecting loan rates such as credit scores. Additionally, the article includes links to further resources on persona... more
May 29, 2025 7:00 AM
— Mortgage Lenders
US Pending Home Sales Drop by Most Since 2022 on Mortgage Rates
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May 29, 2025 5:00 AM
— Mortgage Lenders
What Trump's latest GSE comments could mean for mortgages
Experts are discussing the future of mortgage rates and guarantee fees in light of mixed messaging from the Trump administration regarding the future of Fannie Mae and Freddie Mac. President Trump mentioned the government retaining guarantees and an oversight role over the mortgage giants while pursuing a public offering. Additionally, there are discussions on restructuring the government-sponsore... more
May 28, 2025 5:00 AM
— Mortgage Lenders
European homeowners face rising mortgage costs until 2030
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May 27, 2025 8:00 AM
— Mortgage Lenders
Servicing, MERS Review, Broker Training; Disaster News; Bill Dallas Podcast Interview
The current Administration has been quick to terminate employees in various government departments, including the Agencies. The Supreme Court upheld the President's power to fire government agency members without good cause but spared the Federal Reserve. In other legal news, a Hawaiian woman pleaded guilty to defrauding her mortgage lender and the IRS.
May 27, 2025 3:01 AM
— Mortgage Lenders
Guild Mortgage, Bayview Asset explore servicing M&A
Publicly traded lender Guild Mortgage, Bayview Asset Management, and a servicing-related affiliate are in talks about a potential deal. Mortgage servicing rights owners are facing additional stress due to the shrinking size of typical bulk MSR deals trading. Guild Mortgage reported a net loss in the January-March period. Fitch predicts that large nonbank lenders are positioned to gain share in the... more
May 23, 2025 11:00 AM
— Mortgage Lenders
Servicing With AI, Borrower Portal, 2nd Lien Products; Bill Pulte, Freddie, and Fannie News
The article discusses recent news about FHFA Director Bill Pulte and the implications of releasing Freddie Mac and Fannie Mae from conservatorship. It also mentions regulatory uncertainty, innovative financial products for homebuyers, and technology advancements in the mortgage industry.
May 23, 2025 6:00 AM
— Mortgage Lenders
How US Mortgage Rates Change if Trump Takes Fannie Mae, Freddie Mac Public
President Donald Trump's plan to privatize mortgage giants Fannie Mae and Freddie Mac is seen as potentially increasing U.S. homeowners' monthly payments and disrupting the fragile housing market. Experts fear that privatization could lead to higher mortgage rates, impacting aspiring homebuyers and homeowners. While some see privatization as a way to inject much-needed cash into the government, ot... more
May 21, 2025 7:00 PM
— Mortgage Lenders
Trump floats taking Fannie Mae and Freddie Mac public as deficit fears grow
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May 21, 2025 12:01 PM
— Mortgage Lenders
‘Marry the house, date the rate’: Smart strategy or outdated advice?
As mortgage rates rise, the housing industry is encouraging buyers to focus on finding a house they love and commit to it, while being flexible with mortgage rates. Refinancing is seen as a way to 'break up' with the old mortgage in favor of a better one in the future.
May 21, 2025 4:00 AM
— Mortgage Lenders
US Mortgage Rates Rise to Three-Month High, Slowing Home Demand
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May 20, 2025 9:00 AM
— Mortgage Lenders
US Housing Market Warned of Mortgage Rate Hikes, Foreclosures
Extreme weather disasters are projected to cause a surge in foreclosures across the U.S. in the coming years, leading to significant financial losses for mortgage lenders. Global warming is making natural disasters more frequent and severe, especially in vulnerable states. Floods are identified as the leading climate driver of foreclosure risk. Historic data shows an increase in natural disasters ... more
May 20, 2025 3:01 AM
— Mortgage Lenders
Mortgage brokers say FHA changes, inventory are key hurdles
Mortgage brokers are tired of the focus on elevated interest rates, as they believe other factors like changes in policy at the Federal Housing Administration are impacting their business more. The Federal Housing Finance Agency chief discussed an alternate agency name and the impact of explicit guarantees for Fannie Mae and Freddie Mac on agency MBS. Foreclosure rates rose across all loan types a... more
May 20, 2025 3:01 AM
— Mortgage Lenders
Rocket, Mr. Cooper merger: HMDA data reveals market impact
Rocket Mortgage is acquiring Mr. Cooper in a deal that could potentially impact mortgage production. While Mr. Cooper's servicing strength may help Rocket compete with its rivals, the acquisition alone may not immediately change Rocket's ranking. Regulatory approvals are expected in 2025 for the acquisition. Other topics mentioned include the Consumer Financial Protection Bureau's rule rescission ... more
May 19, 2025 3:01 PM
— Mortgage Lenders
FHFA's Pulte defers to a higher authority on conservatorship
Bill Pulte, the director of the Federal Housing Finance Agency, has made significant changes during his tenure, from altering the boards of Fannie Mae and Freddie Mac to prioritizing fraud prevention initiatives. He has not provided any hints about the potential exit of Fannie Mae and Freddie Mac from conservatorship, leaving that decision to President Trump.
May 17, 2025 5:03 AM
— Mortgage Lenders
Mortgage profits near break-even, but costs still climb
The mortgage industry's comeback was hindered by diminished loan volume and increased production costs, leading to unprofitable lending at nonbanks in the first quarter. Despite challenges, independent mortgage bankers made $443 on every loan originated in 2024. United Wholesale Mortgage had a successful first quarter, while a San Diego-based lender reported a net loss. Foreclosure rates rose afte... more
May 17, 2025 5:02 AM
— Mortgage Lenders
Virgin Money mortgage holders cry foul over owner Nationwide’s better deals
Some Virgin Money customers are upset that Nationwide borrowers are being offered better-value mortgage deals despite both being part of the same group since Nationwide acquired Virgin Money. There are differences in fees and interest rates between the two brands, with Virgin customers sometimes paying nearly £1,000 more for the same deal as Nationwide customers. Virgin Money customers cannot simp... more
May 16, 2025 9:00 AM
— Mortgage Lenders
DSCR Sales, Processing, UAD 3.6, Homebuyer, LO Locking Tools; STRATMOR Tech Survey
The article mentions various topics related to the mortgage industry, including discussions on mortgage applications, budget moves in D.C., software, products, and services for lenders and brokers, appreciation towards brokers, and tools to help first-time homebuyers. It also touches on advancements in appraisal processes, buy now vs. wait calculator for homebuyers, and a company that offers end-t... more
May 15, 2025 3:00 PM
— Mortgage Lenders
United Wholesale Mortgage rolls out AI that calls you when time to refinance
United Wholesale Mortgage introduced an AI virtual loan officer assistant named Mia that can make outbound calls, take inbound calls, and handle complex questions in a conversational manner. The AI tool was created in partnership with Google and aims to help mortgage brokers reach out to clients about refinancing when mortgage rates drop. UWM CEO Mat Ishbia highlighted Mia's abilities at the compa... more
May 15, 2025 6:01 AM
— Mortgage Lenders
Middle-Income Homebuyers Are Facing the Biggest Shortfall of Affordable Homes
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May 15, 2025 4:00 AM
— Mortgage Lenders
Loan defect share improved even as mortgage rates rose in 4Q
The article discusses the quality of closed mortgage applications in the fourth quarter of last year, with critical defects falling to the second lowest level on record. Mortgage rates were volatile during this time, with the 30-year fixed rate reaching 6.91% by the end of the year. The article mentions that typically, the number of defects in mortgage applications increases when rates rise. Howev... more
May 14, 2025 6:00 AM
— Mortgage Lenders
High mortgage rates are sticking around — unless the economy crashes
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May 13, 2025 5:02 AM
— Mortgage Lenders
20 lenders with the most VA loans in 2024
The article discusses the top five lenders with the most VA loans in 2024, their average loan amounts, and total loan amounts. It also mentions the combined HELOC volume, second-lien loan volume, and unpaid principal balance of the top five banks at the end of December 2024. Additionally, it highlights United Wholesale Mortgage's leadership in total origination volume compared to Rocket Mortgage a... more
May 13, 2025 4:00 AM
— Mortgage Lenders
Wells Fargo sued for denying borrower COVID-19 loss mit
The article discusses a lawsuit filed by a North Carolina resident against Wells Fargo for denying her COVID-19 loss mitigation options, resulting in the forced short sale of her home. The plaintiff claims the bank's negligence cost her the house, equity, and a worsened credit score. Wells Fargo has apologized and offered mediation, but declined to comment on the pending litigation. The article al... more
May 12, 2025 9:00 AM
— Mortgage Lenders
This Mortgage Hack Could Score You a 3% Rate — But Is It a Good Idea?
In a high-inflation and high-interest-rate environment, finding a low mortgage interest rate has become a greater challenge for homebuyers. While interest rates hit historic lows in 2021, buyers are now chasing the almost mythical 3% rate. One possible way to achieve this rate is through an assumable mortgage, where the buyer takes over the seller's existing mortgage including its interest rate. A... more
May 9, 2025 1:00 PM
— Mortgage Lenders
Blend announces plans to offload Title365
Blend Labs is selling its title insurance unit as it shifts to a software-first approach. The company introduces a new division for independent mortgage banks and positions its Tinman platform as a competitor in the industry.
May 6, 2025 9:00 AM
— Mortgage Lenders
STRATMOR's Tech Survey Results; Commercial Appraisal, Non-QM Investor, Compliance Tools
The article discusses various topics related to the mortgage industry, including the MBA National Secondary conference in Manhattan, the use of AI technology in legal work, and the priorities outlined by the CFPB. It also mentions technology survey findings from STRATMOR and the selection of ICE Mortgage Technology's MSP system by UWM for loan servicing. The article also includes information about... more
May 4, 2025 9:00 PM
— Mortgage Lenders
High mortgage rates and tariff uncertainty drag on US housing market
The article discusses how mortgage rates are rising, impacting home buyers. It mentions that a recently released survey shows that mortgage rates have reached their highest level in nearly seven years. This increase in rates may make it more difficult for some potential home buyers to afford a new home. Experts warn that rising mortgage rates could reduce the number of people looking to purchase a... more
May 2, 2025 7:56 AM
— Mortgage Lenders
Short-Term Capital Gains Tax Rates for 2024-2025
The article discusses the differences between short-term and long-term capital gains tax rates and how they impact investors. It explains that short-term gains are taxed as ordinary income, while long-term gains are taxed at lower rates. The article also mentions the importance of planning ahead for tax implications when selling assets. However, the article does not directly discuss mortgage rates... more
May 1, 2025 6:25 AM
— Mortgage Lenders
The Top Producers of 2025: The complete list
The mortgage industry is lacking the next generation of loan officers, with the majority of respondents being between 41 and 50 years old. Experience levels among loan officers range from as little as six to over 30 years, with tenure at their current firm varying greatly. Various loan officers are investing in artificial intelligence to streamline workflow and enhance efficiency. The Top Producer... more
May 1, 2025 3:00 AM
— Mortgage Lenders
Fannie Mae earnings fall as Pulte pledges turnaround
Fannie Mae reported a decrease in earnings due to a credit-loss provision and economic uncertainty. The GSE's net worth rose, driven by guarantee fee income. Mortgage rates and housing affordability constraints impacted Fannie's loan acquisitions. Fannie Mae emphasized underwriting standards to prevent poor mortgage quality. The FHFA director focused on fraud prevention. Mortgage bankers supported... more
May 1, 2025 2:01 AM
— Mortgage Lenders
Trump's VA strands thousands of veterans by ending a key mortgage program
The U.S. Department of Veterans Affairs ended a mortgage-rescue program that helped 20,000 veterans avoid foreclosure, which has left millions of military veterans with limited options if they struggle to pay their home loans. This move was criticized by industry groups, advocates, and veterans' organizations. The VA has now left veterans behind on their mortgages with fewer options compared to ot... more
Apr 30, 2025 8:50 AM
— Mortgage Lenders
Buy Before You Sell, Jumbo, CRM Tools; Climate and Catastrophes; Fannie Earnings
The article discusses various updates and partnerships in the mortgage industry, including the impact of the Trump administration's dismissal of climate panel members on climate research. It also mentions new jumbo loan options and guideline enhancements at different mortgage companies. Furthermore, the article highlights partnerships such as FirstHome IQ partnering with Crib Equity to expand home... more
Apr 28, 2025 9:00 AM
— Mortgage Lenders
World’s 10 Richest Women: List Of The Wealthiest Female Billionaires
The article discusses various financial products and services, including money market accounts, banking, credit cards, mortgages, and home equity loans. It emphasizes the importance of comparing rates and options to make informed financial decisions. Specifically, it mentions that mortgage rates can impact home buyers, highlighting the need to research and compare lenders to find the best rates. T... more
Apr 28, 2025 6:24 AM
— Mortgage Lenders
Rising Insurance Costs Impact Homeowners And Buyers
The article provides information on various financial products and services such as money market accounts, banking, credit cards, loans, and home equity lines of credit. It also highlights Bankrate's commitment to providing readers with objective and trustworthy financial advice and information. The article mentions Rick, the Founder and CEO of CJ Patrick Company, as an expert in the real estate a... more
Apr 25, 2025 9:39 AM
— Mortgage Lenders
Servicers lose an option but gain discretion as VASP ends
The Department of Veterans Affairs is easing some regulations around working with distressed borrowers as it phases out a temporary assistance program. Mortgage servicers will have more flexibility in handling borrowers with payment issues, but traditional assistance patterns are still relevant. Mortgage professionals may still lean towards following the original requirements or seek the departmen... more
Apr 24, 2025 3:51 AM
— Mortgage Lenders
Home loan fee debate heats up in Washington
Trade groups are cautioning Congress and housing regulators against increasing guarantee fees for mortgages, as this could lead to higher mortgage rates. Treasury Secretary, Federal Housing Finance Agency Director, and President Trump all want long-term interest rates to fall, which is why they are wary of hiking government-related loan fees. Suggestions have been made to remove higher fees on cer... more
Apr 23, 2025 9:38 AM
— Mortgage Lenders
Refinancing your mortgage in a turbulent market: 4 things to watch
Mortgage rates have more than doubled in 2022, after hitting historic lows during the COVID-19 pandemic. This increase in mortgage rates has had a significant impact on home buyers, making it more expensive to borrow money for a home purchase. Rick, a market intelligence expert in the real estate and mortgage industries, has been a frequently quoted source in the media on topics related to the U.... more
Apr 23, 2025 9:38 AM
— Mortgage Lenders
Tesla’s Profit Sinks 71% But The Stock Rises, As Elon Musk Makes Key Decision
This article provides information on various financial products and services, such as savings accounts, credit cards, mortgages, and home equity loans. It emphasizes the importance of comparing rates and lenders to make informed financial decisions. Additionally, it touches on the concept of home equity lines of credit (HELOC) and home equity loans. The article does not specifically mention mortga... more
Apr 21, 2025 7:00 AM
— Mortgage Lenders
Total Expert launches two-way integration with Dark Matter
Total Expert has launched a two-way integration with Dark Matter's Empower loan origination system, allowing for personalized customer journeys and high-quality data for loan officers. Interest rate movements have been volatile, leading to refinance boomlets. Mortgage rates are expected to continue to fluctuate throughout the year. This integration aims to help lenders stay ahead of consumer expec... more
Apr 21, 2025 5:00 AM
— Mortgage Lenders
Tax Brackets And Federal Income Tax Rates For 2024-2025
The article discusses tax brackets and federal income tax rates for 2024 and 2025. It explains how tax rates are determined based on taxable income and filing status. However, there is no mention of mortgage rates or impact on home buyers.
Apr 16, 2025 8:00 AM
— Mortgage Lenders
Lender Profiles 4Q24: Top 25 (PDF)
The article provides profiles of United Wholesale Mortgage and 24 other top lenders in the mortgage business, containing statistics and data. It also offers a subscription option to receive quarterly updates on this information. The article does not provide specific information on mortgage rates or their impact on home buyers.
Apr 9, 2025 9:39 AM
— Mortgage Lenders
Refi boomlet likely as mortgage rates start to fall: ICE
The article discusses how falling Treasury yields and steady mortgage rates are creating a potential mini refinance boom for high-rate homeowners. It mentions that 5.4 million mortgages have rates starting at 6.5% and above, with a large number of borrowers likely to benefit from refinancing. The article also touches on the impact of the Trump administration's tariff announcement on the stock mark... more