Mortgage giant claims lenders who embrace automation enjoy fewer loan defects and cut loan production time and cost compared to lenders with lower technology utilization
Investors bid up shares of mortgage lenders and real estate companies after 'relatively benign' CPI report ends speculation that inflation worries might force the Fed to raise rates this year
In addition to subtle tweaks to the company's logo and other details, brand revamp is aimed at positioning Rocket as a fintech platform supporting an 'end-to-end homeownership experience'
Executives and employees of the combined company will continue to serve a nationwide footprint as Go Mortgage, which is now hiring retail branch managers and loan originators
Marshall will take over for Xome CEO Mike Rawls when he retires on June 30, with the 2 working together until then to ensure a smooth transition at the foreclosure auction site, executives said
Investors who fund most home loans are now convinced that the Federal Reserve won't cut rates again until June after employers add 256K jobs and unemployment falls to 4.1%
Ally, which originated $1B in mortgages in 2023 through a partnership with Better and is an investor in the company, is laying off hundreds of employees and exiting the mortgage business
Homebuyers began the new year with more home tours; however, Redfin says elevated mortgage rates have stopped them from signing contracts
After four consecutive quarters of declines, Motto Mortgage had 225 open offices at the end of 2024, down 8% from last year's peak of 246 on slower franchise sales and terminations
With mortgage rates back to where they were last summer, purchase applications are coming in at the slowest pace since February 2024, Mortgage Bankers Association lender survey finds
Bayview Asset Management and affiliates settle allegations that security was deficient and state regulators were stymied in investigation of 2021 incident affecting 5.8M customers
Lower will integrate Neat Labs' technology into its own cloud-based originations platform and onboard co-founder Steve Herschleb as chief technology officer, executives announced Tuesday
Misconceptions about VA home loans keep hard-working and well-prepared military veterans from the American dream of homeownership, veteran and team leader Cheryl Arroyo writes
Americans are more hopeful that the economy is on the right track than they were a year ago, but only 1 in 5 thought December was a good time to buy a home, Fannie Mae surveys show
Vanderbilt Mortgage, which also does business as Silverton Mortgage, is accused by CFPB of approving loans that it knew, or should have known, borrowers couldn't repay
When it comes to home finance, every detail matters, Ojo Labs' Chris Heller writes. That's why choosing the right mortgage partner to refer your clients to is so important