Chase Home Lending increases homebuyer grant to $7,500
Chase has increased its grant to $7,500 in 8,500 of the 15,000 communities in within its homebuyer grant program. The bank also removed the income requirement for its 3% down DreaMaker mortgage
by Marian McPherson Jan 31
Assumable loan platform Roam offers seller closing guarantee
If it takes longer than 60 days from the time an offer is accepted until close of escrow, Roam will make the homeseller's mortgage payments for up 60 days after the scheduled closing date
by Matt Carter Jan 31
Shares in Mr. Cooper at all-time high as servicing portfolio hits $1T
Moody's Investors Service upgrades credit rating of 'powerhouse in mortgage servicing' as it restructures some of the debt it's used to fund growth by issuing $1B in unsecured notes at 7.125%
by Matt Carter Jan 30
ICE signs Raymond James Bank to use Encompass mortgage platform
In announcing the second Encompass deal this month, ICE cites investments in mortgage technology and data that automate and accelerate the lending process from start to finish
by Matt Carter Jan 30
Does your 'date-the-rate' advice constitute deceptive advertising?
CEO and new Inman contributor Jillayne Schlicke explains how common phrases around financing and interest rates can land you and your business in hot water
by Jillayne Schlicke Jan 30
Inventory problems to stick around for a 'very long time'
Shant Banosian of Guaranteed Rate told Inman Connect New York attendees Thursday that a seller's market is likely to persist for years
by Jim Dalrymple II Jan 25
In mortgage and finance, high rates are 'a little bit of a blessing'
Wednesday's panel at ICNY 2024 says a high interest rate environment will continue driving innovation in the mortgage and finance sector
by Taylor Anderson Jan 24
Personal data of 16.6M loanDepot customers exposed
The mortgage lender has restored websites that collect payments, accept loan applications and match homebuyers with partner real estate agents after Jan. 4 cyberattack
by Matt Carter Jan 24
Demand for purchase mortgages climbs for 3rd week in a row
Purchase mortgage applications surge by 8% as homebuyers seeking to take advantage of recent decline in rates get an early jump on the spring homebuying season, MBA lender survey shows
by Matt Carter Jan 24
Patriot Bank denies DOJ redlining allegations, settles for $1.9M
Government alleges competitors in the community bank's peer group made home loans in minority areas of Memphis at almost three times the rate of Patriot from 2015 to at least 2020
by Matt Carter Jan 19
Falling mortgage rates should boost home sales: Fannie Mae
Fannie Mae economists no longer expect a recession in 2024 and are considerably more optimistic that mortgage rates have additional room to come down below 6%
by Matt Carter Jan 18
Purchase loan applications soar 9% following drop in mortgage rates
The trend could bode well for the spring homebuying season, the Mortgage Bankers Association said Wednesday, but Federal Reserve policymakers may take their time before cutting rates
by Matt Carter Jan 18
David Stevens, influential leader in mortgage finance, dies at 66
The former FHA commissioner also held executive positions at World Savings Bank, Freddie Mac, and The Long and Foster Companies before leading the Mortgage Bankers Association
by Matt Carter Jan 17
AI mortgage tech provider Gateless beefs up integrations
New integrations with The Work Number and Informative Research are aimed at helping lenders using Smart Underwrite to speed underwriting approvals and reduce human error, company says
by Matt Carter Jan 17
Navy Federal faces lawsuits over discriminatory lending allegations
Lawmakers are demanding a federal investigation in the wake of a CNN analysis that concluded the nation's largest credit union denied more than 50% of Black mortgage applicants in 2022
by Matt Carter Jan 12
Guaranteed Rate helping sellers offer mortgage rate buydowns
The lender's new RateReduce Sell program allows sellers to pay points to lock in a discounted mortgage rate that their real estate agent can cite in co-branded marketing materials
by Matt Carter Jan 12