Special Program Root Tag

Loanstream allegedly made over 272,000 calls to over 53,000 unique numbers on the Do Not Call registry over a 10-month period, according to a case filing.

Both Chase and Wells Fargo had a 15% reduction quarter-to-quarter in mortgage originations, more than the industry forecast for a 6% drop-off, Keefe, Bruyette & Woods noted.

Company team members, including those in affiliated business arrangements, will be eligible; real estate and joint venture agent partners will not be.

Lending for new single-family homes jumped 11% from a year ago and 26% from February, the Mortgage Bankers Association said.

Financial institutions that are members could gain access to expedited funding through a Fed partnership and advances secured by a broader range of collateral.

Newly minted doctors want to buy homes but because of student debt and job history, likely can't even meet the wider jumbo underwriting criteria without help.

"Wildfire risk is not just an occasional catastrophe, but a recurring cost embedded in the state's economy," said the report issued this week by the California Earthquake Authority.

Jumbo loans demand more scrutiny and documentation, but automation is streamlining the process — and lenders who master the product stand to gain in a moderately bullish market.

The Mortgage Bankers Association found gains in March for conforming, jumbo and government-sponsored loan indices for the third consecutive month.

Fintech Candid says its AI-powered newsletter platform can scrape social media and public data to help loan officers send hyper-personalized outreach at scale.

Conforming loan limits are determined using a home price index. A congressman is proposing a switch to an income-based metric, creating more jumbo mortgages.

Jay Plum, head of consumer lending at Fifth Third Bank, says artificial intelligence is fundamentally shifting relationships between banks and their third-party software vendors, allowing banks to do things on their own that they would previously rely on vendors to do for them, like identify risky loans and prepare for exams.

A United Wholesale Mortgage executive stepped in to defend a claim against the company, as consumers pelt the industry with more spam call complaints.

Adam Boyd, a veteran financial services executive with more than 25 years of experience, will head the growth of Rate's consumer lending platform.

Mike Kortas will be adding a separate mortgage servicing company and hiring NEXA loan officers to assist with the process and give them customer insights.

HECM endorsements rose 16% in March to 2,117 loans, but monthly volumes remain near their slowest pace since last summer as proprietary reverse products quietly steal market share.

A court and jury found a father-son executive team liable for wage violations, and a federal judge recently increased the amount of damages for plaintiffs.

The artificial intelligence-based technology automates manual processes associated with the financing, including draws, for homes under construction.

The lender claims an originator ambushed executives in a negotiation with the confidential company financials and claimed to have shared them with competitors.

The real estate fintech touted Doma's role in Fannie Mae's title-acceptance pilot as key to the deal, which follows Opendoor's recent mortgage product rollout.