Rocket is deploying scalable AI across an entire fintech platform
Ahead of his Connect NYC appearance, CEO Varun Krishna details the mortgage giant's ambitious goals to grow its purchase loan business in 2025 by building closer ties to real estate agents
by Matt Carter Dec 26
Acre Homes' seed round extension brings total raised to $10M
'We founded this company because buying a home no longer makes sense for a growing number of Americans': Acre Homes co-founder
by Craig C. Rowe Dec 24
Rocket accused of using 'kickback scheme' to attract more borrowers
The Consumer Financial Protection Bureau claims Rocket gave real estate agents incentives to steer consumers away from other companies. Rocket calls the allegations a 'lie' and political ploy
by Jim Dalrymple II Dec 24
Mortgage rates ease a bit on November inflation surprise
Core inflation rose less in November than had been expected, in part because housing costs rose at a slower pace, Pantheon Macroeconomics Chief US Economist Samuel Tombs said
by Matt Carter Dec 20
Fed cuts again, but mortgage rates climb on 2025 inflation worries
Bond market investors who fund most mortgages focus on the latest dot plot, which shows Fed policymakers only expect to bring short-term rates down by half a percentage point in 2025
by Matt Carter Dec 18
Homebuyers show readiness to pounce when mortgage rates dip
Requests for purchase loans picked up last week during a short-lived drop in rates, MBA survey shows, helped by gradually improving inventory conditions and economic outlook
by Matt Carter Dec 18
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by Daniel Houston Dec 18
CFPB tightening underwriting for PACE energy improvement loans
PACE lenders object to rule requiring them to evaluate borrowers' ability to repay and provide more comprehensive disclosures so homeowners can comparison shop for other financing
by Matt Carter Dec 17
Why millions of Americans WANT the housing market to crash
Some renters think a crash would help them buy a home. But a surprising number of homeowners also think a major downturn would be a good thing, LendingTree survey finds
by Matt Carter Dec 17
Fannie Mae forecasts 'significant regional variation' in 2025 sales
'From an affordability perspective, we think 2025 will look a lot like 2024,' Fannie Mae chief economist says, but with more inventory in Sun Belt states, Mountain West and Pacific Northwest
by Matt Carter Dec 16
Blend Labs will power originations, closings for PHH Mortgage
Cloud banking software provider finishing up the year with a bang, partnering with a leading loan servicer and recruiting PlanSource veteran Srini Venkatramani as new head of product
by Matt Carter Dec 13
Nation's biggest lender, UWM, is piloting Fannie Mae title waivers
Trade group for title insurers complains federal regulators are disregarding the views of lawmakers in allowing the program to move forward on the eve of a 2nd Trump administration
by Matt Carter Dec 12
First American adds real-time fraud alerts to title tech platform
Order Insights helped protect over 130K files in November by validating transaction data, notifying title agents of discrepancies and identifying other potential fraud indicators
by Matt Carter Dec 11
December Fed rate cut seen as a lock — then caution may prevail
The latest CPI reading is in line with expectations, but progress in the fight against inflation has stalled, economists warn. A slower pace of easing might keep mortgage rates above 6% in 2025
by Matt Carter Dec 11
SoCal law enforcement personnel offered 0-down home loans
Los Angeles Police Federal Credit Union (LAPFCU) expands its service area and membership base to include municipal, county, state and federal law enforcement agencies in 10 counties
by Matt Carter Dec 10
MyCUmortgage onboards 15 credit unions as new clients in 2024
Ohio-based credit union service organization (CUSO) partners with mortgage technology providers to help credit unions originate, underwrite and service home loans nationwide
by Matt Carter Dec 10