Nearly 350 employees will be laid off as wholesale division and SoFi operational unit are shuttered
Rates on 30-year fixed-rate loans rise for the fifth consecutive week, to the highest level since March 2020
Deal expected to lead to tighter integration between platforms and support for a wider range of financial products and lending institutions
Regulators say education provider Real Estate Educational Services helped originators skirt annual continuing education requirements
Fear of missing out on low rates could get buyers off the fence, if there's enough inventory to defeat 'fear of better options'
Company claims its AI-powered platform can answer more than 90% of questions posed by mortgage borrowers without human intervention
There are now 187 independently owned offices operating under the Motto Mortgage brand serving 38 states
Average purchase loan request hits record $418,500, and falling demand for FHA and VA mortgages suggests first-time buyers are being priced out
Fannie Mae forecasts rising mortgage rates and home prices will dent existing home sales by 3.2%
Mortgage giants ordered to exempt first-time homebuyers from increases, which could boost private lending
Nation's biggest provider of purchase loans made 27% fewer loans to homebuyers in 2021
Demand for purchase loans remains steady, but rising rates are closing the door on refinancing opportunities, according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey
As interest rates rise, the largest US mortgage lender bills itself as more than home loan provider
After raising $50M in Series B funding round, 'Power buyer' looking to expand from 11 to 19 states in 2022
In one 'hot spot within a hot spot' — McDonough, Georgia — 70% of homes flipped by iBuyers like Zillow Offers and Opendoor were resold to institutional investors, many without being listed
Credit bureaus have 'little incentive to treat consumers fairly when their credit reports have errors,' according to Consumer Financial Protection Bureau, which analyzed 700K complaints
Although the Fed hasn't set a timetable for shrinking its balance sheet, it's likely to do so more quickly than it did after the 2007-09 recession
Homebuyers represented by partner agents will still pay closing costs, and could be on the hook for 1% convenience fee, Flyhomes executives confirmed with Inman
Demand for purchase loans fell to a seasonally adjusted 4% from 2 weeks ago, and 12% from a year ago, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey
Superus Careers has launched a Mortgage Career Exchange to help lenders recruit new talent and mortgage professionals plan their next career move
