Evergreen Home Loans hiring to serve 29 additional states
After setting up shop in 11 new states, lender's 'strategic expansion into carefully identified markets' will include 18 additional states before next year's spring homebuying season
by Matt Carter Aug 25
Small lenders oppose combining Fannie, Freddie into single entity
Mortgage giants should continue to operate as separate companies and be regulated like utilities with a cap on excessive fees and prohibitions on backing risky loans, industry group maintains
by Matt Carter Aug 22
Donald Trump and Jerome Powell, mortgage rates drop on Powell speech
Investors pushed bond yields and mortgage rates down Friday after Fed chair says policymakers are starting to see unemployment as a bigger risk to the US economy than inflation
by Matt Carter Aug 22
screengrab of Bill Pulte on mortgage fraud
'Wall Street Journal' editorial calls Pulte's criminal referral of Federal Reserve governor 'an ominous turn in political lawfare' and warns that 'weaponizing' Fannie and Freddie's federal regulator 'won’t build confidence in America’s institutions or markets'
by Matt Carter Aug 22
A for-sale sign posted in front of a residential home
The dip is due to a weak July jobs report, a neutral inflation report and home sale prices moving past their peak as fall approaches. Those factors give buyers significant leverage
by Lillian Dickerson Aug 21
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by Daniel Houston Aug 21
Image of federal building to symbolize Trump tells Cook to resign
The president asked Cook to resign from her post after FHFA Director Bill Pulte accused her of mortgage fraud. Pulte has leveled similar accusations against other political adversaries
by Marian McPherson Aug 20
Home for sale sign, with sale pending
Driving the revised forecast are expectations for slightly cooler economic growth and hotter inflation, which could mean mortgage rates come down a little more slowly
by Matt Carter Aug 19
Motto Mortgage office (contributed photo).
Former PHH Mortgage executive Vic Lombardo was most recently COO of Guaranteed Rate Affinity, a joint venture between nonbank lender Guaranteed Rate and Anywhere Real Estate
by Matt Carter Aug 19
Gavel over one hundred dollar bills represents Newrez' settling a complaint
California regulators collect $1.8M fine after accusing Caliber Home Loans of overcharging nearly 5,000 borrowers for interest that accrued before their first mortgage payment was due.
by Matt Carter Aug 18
Mortgage lenders are turning to AI to play in the big leagues
Rocket Mortgage and UWM are counting on AI to help them scale their businesses as mortgage rates fall. Executives at small- and mid-size lenders say they don't want to be left behind
by Matt Carter Aug 15
Fired Fannie Mae workers file discrimination, defamation suits
Dozens of fired employees, all US citizens of Indian nationality, deny defrauding charitable giving program and file lawsuits seeking $82M from chair Bill Pulte and CEO Priscilla Almodovar
by Matt Carter Aug 14
Mortgage rates hit 4-month low and have more room to drop
Homeowners rushed to refinance last week, and lender data shows homebuyer demand for purchase loans is up 17 percent from a year ago with Federal Reserve rate cuts on deck
by Matt Carter Aug 13
How to help buyers understand interest-only mortgages
Understanding the ins and outs of financing options, including interest-only mortgages, makes you a valuable resource for educating your clients, Clever's Luke Babich writes
by Luke Babich Aug 13
A home in front of an Instagram background to symbolize Instagram for real estate agents.
After amplifying Rocket's Super Bowl ad with a social campaign that generated 247 million views, Viral Nation is now tasked with helping the mortgage giant showcase real client stories
by Matt Carter Aug 12
Tidalwave and Bevri.ai launch agentic AI for mortgage brokers
Mortgage technology startup leveraging integrations with Fannie Mae, Freddie Mac and ICE Mortgage Technology to grow its stable of clients -- which now include NEXA Mortgage.
by Matt Carter Aug 12