Mortgage rates are hovering near a 'key psychological level' of 7%, a likely factor in slow pace of applications for refinance and purchase mortgages, MBA Chief Economist Mike Fratantoni warns
Announced Wednesday, Rocket's new domain targets high-intent homebuyers by utilizing AI to provide around-the-clock support, answer questions and keep clients and agents informed
ChatGPT is great for simple tasks like writing marketing materials. The latest AI reasoning models are capable of taking on complex assignments that once would have required a human assistant
Mortgage lenders have renewed their calls to slash Federal Housing Administration mortgage insurance premiums to help buyers struggling with elevated housing costs and mortgage rates
Plan to require lenders working with Fannie and Freddie to use FICO Score 10 T and VantageScore 4.0 models by Q4 2025 has been dropped, with new implementation date 'TBD'
The grandson of PulteGroup founder William J. Pulte, Bill Pulte is a private equity CEO, philanthropist and Trump loyalist with 3M followers on X
'Green Mirage' phone scam targets homeowners in all 50 states from India, using the caller ID of the borrower's actual mortgage lender and tricking victims into making payments to US 'mules'
With 3 new clients signed in Q4, the credit unions onboarded as mortgage partners in 2024 represent more than 421K members and $6.76B in assets
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
Valued at $2B in 2021 Series D funding round, rent-to-own company Divvy Homes had endured several rounds of layoffs before launching a subscription-based credit building service last year
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
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
