Delinquency rate hits new low
In July, mortgage delinquency fell to 4.1% while foreclosures dropped to .5%, according to new CoreLogic analysis
LendingTree acquires QuoteWizard for over $300M
The move helps the lending giant expand further into the insurance space
Redfin Mortgage launches in Colorado, its 10th market
The Seattle-based tech brokerage's home loan program is also extending a $1,000 bonus for new borrowers in the state
by Patrick Kearns Oct 4
CFPB
Eric Blankenstein, who oversees fair lending enforcement within the Consumer Financial Protection Bureau, used N-word multiple times in the unearthed blog post from 2004
by Patrick Kearns Oct 2
Uh-oh: High-risk home loans are on the rise again
Credit-challenged buyers with high-risk loans have flooded the market, driving up demand and home prices, according to the American Enterprise Institute
by Marian McPherson Oct 1
Horseshoe blacksmith metal working
iBuyers and the big trends changing the field
by Patrick Kearns Sep 28
The government is cracking down on reverse mortgages
FHA issued new guidance requiring lenders to get a second appraisal if the property value appears inflated
by Patrick Kearns Sep 28
Homes roofs houses
Low inventory and rising home prices have continued to push pending home sales down, according to NAR report
by Marian McPherson Sep 27
Fed raises interest rates another 0.25% in third hike this year
The raise is due to strong jobs growth and increased household spending and could likely precede a 4th hike
by Marian McPherson Sep 26
Mortgage rates rise for 4th consecutive week
The 30-year fixed rate has not been this high since May, says Freddie Mac
Blend wants to make applying for a mortgage smoother with AI
The Peter Thiel-backed San Francisco startup's new product for lenders, Blend Intelligence, automatically requests documents from borrowers and runs health checks on them
Motto Mortgage adds franchise in Northwest US
The Seattle metro area is the latest franchise site, with the opening of an office in the city of Edmonds, Washington
by Bryson Masse Sep 19
Money dollars falling from sky
Backed by Amherst Holdings, the new website Bungalo Homes lets buyers find, tour, finance and close on a home online within days
by Teke Wiggin Sep 18
Homeowner couple in front of sold house
The Self-Employed Mortgage Access Act will allow self-employed and gig-economy workers to submit other forms of paperwork to lenders for income verification
by Marian McPherson Sep 17
Computers papers meeting office
AutomatIQ Borrower seeks to provide a single online platform for uploading and processing mortgage application documents
Money dollar bills
To be ready when that perfect listing comes to the market, buyers are putting the pre-qualification process first, according to a survey by loanDepot and mellohome
by Marian McPherson Sep 12