'Strategic partnership' is a win for mortgage tech and title insurance provider Blend, which has cut its workforce by about 25% this year and racked up an accumulated $995M deficit
Investors who fund mortgages are demanding unusually high premiums in comparison to government bonds, out of fears the loans they make now could quickly be refinanced if rates drop
Investors fear ongoing moves by the Fed and other central banks to raise short-term interest rates to fight inflation could ultimately lead to a recession
Lender expands Spanish language access program launched in April to include disclosures that describe loan terms and fees
Fed Chair Jerome Powell says policymakers are not ready to start selling off Treasurys and mortgage debt to accelerate trimming of $9T balance sheet
Even though the economy is probably headed for a recession next year, the Fed is seen as having a ways to go before inflation is under control
Rising demand for purchase loans and refinancing as rates climb to new highs underscores volatility, with Fed expected to continue rate hikes, according to the MBA's latest survey
Eliminates the need for paper checks by allowing title and real estate agents to request and receive electronic disbursement of earnest money and cash-to-close funds within the platform
Los Angeles-based operation allegedly promised to help hundreds of distressed homeowners negotiate with lenders to lower their interest rates, monthly payments or principal amounts
MI Underwriting pulls documents and data directly from lenders, allowing mortgage insurers to make instant policy decisions at half the cost
The Rocket Companies subsidiary will roll out mobile eClosings for purchase loans by the end of 2022, an indication the practice of attending a closing in person may soon be coming to a close
Rocket Mortgage rolls out 'Inflation Buster' mortgage, which provides a lower rate for 1 year, as it battles rival United Wholesale Mortgage for homebuyer market share
Less than 2 months after layoffs, the power buyer is now in 17 states and says it's still on track to meet a goal of being operational in half of the US by the end of the year
The Department of Veterans Affairs allows desktop appraisals when borrowers put 20% down, but nearly 90% of VA-backed loans are made to homebuyers who put zero down
The NAR, MBA and NAHB argue that the Federal Housing Administration is flush with cash, and that delinquency rates on FHA loans have returned to pre-pandemic lows
IThink Financial, the 8th credit union to sign up for Empower since December, will use the mortgage loan origination system to provide home loans to more than 100,000 members
Risk of false W-2's, earnings statements and payroll checks up 27.3% during Q2 compared to a year ago, according to the latest CoreLogic Mortgage Fraud Report, released Monday
Women and adults under 30 did see improvements to their credit scores in pioneering a randomized study of 5,854 prospective first-time homebuyers
The Michigan-based lender's 'name, image and likeness' deal with men's football and basketball teams has expanded to encompass women's basketball and volleyball
No sign of a rebound in purchase applications, but August data showing a strong job market 'should support housing demand,' MBA economist says
