Nation’s fifth largest mortgage insurer joins the IPO craze
Genworth Mortgage Insurance Corp. announced a partial IPO and rebranding as Enact
by Matt Carter May 4
Propertybase launches new lead source for loan officers, small teams
BoldMortgage builds on Propertybase's enterprise-level mortgage business growth platform Unify
by Matt Carter May 4
Fears of pandemic-induced foreclosure wave ease
Of the 7.1 million homeowners who were granted forbearance during the pandemic, two-thirds have already left
by Matt Carter May 3
Fannie Mae brings in net income of $5B in Q1
This net income increase is up significantly from the first quarter of 2020, when, struggling with restrictions due to COVID-19, the mortgage giant posted a net income of just $500M
by Kelsey Ramírez Apr 30
https://www.inman.com/2017/12/26/housing-shortage-softening-buyer-demand-in-major-us-metros/
LoanDepot has formed 3 joint ventures with builders in just over 4 months
by Matt Carter Apr 30
eClosings
Lenders that use SimpleNexus can now provide borrowers with a fully digital, single sign-on homebuying experience from application to closing
by Kelsey Ramírez Apr 29
A rickety bridge with gaps
Hispanic and Black Americans who buy lower-priced homes than white Americans can also lead to further wealth gaps, according to a study by the National Association of Realtors
by Andrea V. Brambila Apr 29
Low interest rates drive Freddie Mac new business up 162%
The mortgage giant reported earnings of $2.8B in the first quarter
by Kelsey Ramírez Apr 29
mortgage rates
The 30-year fixed-rate mortgage averaged 2.98%, up slightly from last week’s 2.97%, according to Freddie Mac's Primary Mortgage Market Survey released Thursday
by Kelsey Ramírez Apr 29
FHFA
Eligible borrowers on average would see monthly savings between $100 and $250
by Kelsey Ramírez Apr 28
AI-powered mortgage processing: 27 options besides Google
The tech giant recently rolled out a purpose-built solution for the mortgage industry, but it's entering a rather crowded field
by Matt Carter Apr 28
Low credit scores are biggest barrier for women, minority buyers
OJO Labs' latest homebuyer survey found that Black homebuyers were three times more likely to have a credit score below 660, which inhibits access to down payment assistance programs and agent support
by Marian McPherson Apr 28
Fed maintains commitment to not raising interest rates
'The ongoing public health crisis continues to weigh on the economy, and risks to the economic outlook remain,' said the Federal Reserve Open Market Committee
by Matt Carter Apr 28
Mr. Cooper
The company says there was a processing error, and is looking to correct the withdrawals as soon as possible
by Kelsey Ramírez Apr 28
housing market
The housing market continued to slow this week even as interest rates remain below 3%. Mortgage Bankers Association Economist Joel Kan explains why
by Kelsey Ramírez Apr 28
QM rule
Bureau pushes back mandatory compliance date despite industry concerns
by Kelsey Ramírez Apr 28