Mortgages

A fintech sourcing shared ownership of second homes is getting a revolving credit line to fund loan sales into the secondary market for non-qualified mortgages.

Radian undertook a multiyear process that resulted in the $1.7 billion purchase of Inigo, but it's exiting other businesses outside of mortgage insurance.

Rate rolled out its Rate App entirely in Spanish Thursday as part of its Language Access Program.

CrossCountry Capital will partner with an Ares Alternative Credit fund and Hildene Capital Management after receiving $1 billion of equity capital commitments.

The 30-year fixed rate mortgage was down another 9 basis points this week, Freddie Mac said, but much of this pricing was before the Federal Reserve meeting.

Whereas AI can supercharge returns on investment in fulfillment and databases, the tech may also replace your entire staff, experts warned.

The company will now consider loans up to $819,000 as government-sponsored enterprise-eligible, even though it cannot sell them to the agencies until Jan. 1.

The Community Home Lenders of America and the Community Associations Institute want the FHA to insure loans on condos approved by Fannie Mae and Freddie Mac.

Most lenders said they had already priced in the widely-anticipated decision to cut short-term rates for 30-year home loans but other products will benefit.

Mortgage applications saw a significant jump for the second consecutive week, as homeowners took advantage of plummeting rates, the MBA said.

The government-sponsored enterprise is making changes to mortgage-backed securities and servicing disclosure files to support use of the advanced credit score.

Underserved markets advocates also want to keep the 30-year mortgage and do more to expand rural and manufactured housing while preserving low cost homes.

As fulfillment spills into sales operations and artificial intelligence takes over more originator duties, executives emphasize maintaining a human in the loop.

Consumers are 19% more likely to pay their auto loans than their mortgages, which is a shift in attitude from the pandemic period, FICO said.

The transaction combines independent mortgage companies which are based in Strongsville, Ohio (East Coast) and Folsom, California (West Coast).

Housing finance firms have anticipated a 25 basis point move, so what could move the needle is less that outcome than actions that go beyond or differ from it.

A federal judge in Colorado ruled that the appraisal discrimination case raised by the government against both Rocket and Solidifi will move forward.

If the Fed reinvested the roughly $18 billion in monthly "roll-off" into new MBS, it could compress mortgage spreads, the investment management firm said.

New-home loan activity rose 1% in August year over year, but applications fell 6% from July.