California is 2nd state to revoke LoanSnap's license this month
Costa Mesa, California-based provider of debt consolidation loans saw most of its business dry up last year and was evicted from its headquarters in May
by Matt Carter Oct 22
Fairway blasts federal regulators in $10M redlining settlement
Nation's third biggest lender casts itself as a victim of politics, noting Consumer Financial Protection Bureau launched its investigation the day after Biden Administration took office
by Matt Carter Oct 16
Mortgage brokers warned of warehouse lending scammers
Victims have been cheated out of hundreds of thousands of dollars overnight, with imposters also gaining access to borrowers' sensitive personal information, California regulators say
by Matt Carter Aug 28
What the presidential candidates plan to do about affordable housing
Opinion
Curious about the candidates' housing plans? Inman contributor Rachael Hite rounded up each campaign's talking points so that you can decide which policy might have a positive impact
by Rachael Hite Aug 9
Mortgage lenders gearing up to use more inclusive credit scoring
Release of historical credit scores on tens of millions of loans will help lenders prepare for transition to VantageScore 4.0 next year. Release of FICO Score 10 T data next on deck
by Matt Carter Jul 29
Debate over title insurance alternatives is heating up again
Republican attorneys general in 14 states urge Fannie Mae and Freddie Mac's federal regulator to kill a pilot program that allows some borrowers to refi without obtaining title insurance
by Matt Carter Jul 25
How to break down the pros and cons of buying down interest rates
Interest rate buydowns involve a trade-off between upfront costs and long-term affordability. Clever CEO Luke Babich offers strategies to help clients make the choice
by Luke Babich Jul 17
Consumers want lowest mortgage rate, but most won't shop for it
ICE Mortgage Technology survey finds 84% of homeowners who have taken out a mortgage in the last 5 years only considered 1 or 2 lenders before closing the deal
by Matt Carter Jul 5
Zillow now showing buyers how rate changes affect their options
Powered by mortgage rates from Zillow Home Loans, BuyAbility tool could help listing portal's lending affiliate get a head start on other lenders that it competes with for homebuyers
by Matt Carter May 14
NAR President fields questions at midyear: 'Everything's on the table'
At the Realtors Legislative Meetings on Sunday, National Association of Realtors President Kevin Sears spontaneously fielded questions about the trade group's proposed antitrust settlement
Zillow launches new reporting feature to help renters build credit
The new feature will allow renters who pay their rent through Zillow to have their on-time payments reported to a major credit bureau
by Ben Verde Jan 18
Gavel over one hundred dollar bills represents Newrez' settling a complaint
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
Mr. Cooper back online after 'precautionary' 4-day shutdown
More than 4M homeowners send their mortgage payments to Mr. Cooper, but it's unclear how many had their data exposed as the company continues to investigate security breach
by Matt Carter Nov 9
Project to tackle appraisal bias continues with Nov. 1 hearing
The public is invited to join leaders from the American Bankers Association and mortgage giants Fannie Mae and Freddie Mac for an Appraisal Subcommittee hearing on tackling bias
by Matt Carter Oct 23
ACI paying another $20M to settle mortgage payments debacle
In settling with state regulators, the Miami-based electronic payment processor is looking to close the books on a 2021 test that triggered $2.3B in erroneous mortgage payments
by Matt Carter Oct 17