Mortgages

Rocket Mortgage is also allowing customers to use automated valuation models in lieu of appraisal for loans up to $400,000.

The news comes weeks after the servicing fintech announced its latest venture capital raise.

In a wide-ranging interview, Tim Bowler, president of ICE Mortgage, discusses his views of the road ahead, the most crucial aspects of servicing distressed homeowners and why he took a mid-career role as an intern.

Listing the changes already made to its business model in his first 90 days, CEO Ryan Marshall said Voxtur could be EBITDA positive if trends hold in 2025.

Redfin data supports findings from this summer when a significant share of buyers said they would move on purchases only after the election.

Real estate investment trust United Development Funding IV is facing a Dec. 10 showdown with NexPoint and the $181 million deal could be a lifeline for management.

As 2025 approaches, some lenders are already scaling operations, hiring talent, and preparing for the next cycle, despite ongoing market uncertainty, write leaders from Pennymac.

Yields on the U.S. five-year note added as much as six basis points to 4.10% after tumbling a quarter-percentage-point last week. 

Artificial intelligence makes it easy to customize messages and look at loan options but it can present problems if guidelines are overlooked.

The latest plans include details on promoting housing development in underserved areas and increasing secondary market access to rural institutions.