New technology and policy changes at Fannie Mae and Freddie Mac spur innovations by Guild Mortgage and Ready Life to help borrowers without credit scores and good payment histories
30-year loans of up to $5M provided by Florida-based Milo Credit LLC allow investors to avoid capital gains taxes — and don't require down payments, credit scores or US citizenship
After unloading $218M in unrated residential transaction loans in June, CEO Michael Bourque said markets for such deals 'are certainly tough right now'
Longer loans, including a 50-year concept recently floated in the UK, are sometimes framed as a way to improve housing affordability. But the experts aren't convinced
Rising rates took their toll not only on refinancing but on homebuyer demand for purchase loans in June, according to an analysis of rate lock data released Monday by Black Knight
Failures raise questions about the viability of a small but growing corner of the mortgage business that largely serves self-employed borrowers
Investment management firm acquired nonbank mortgage lender First Guaranty Mortgage as part of broader strategy to serve lower end of market
The partnership integrates Indecomm's automated income calculation technology, IncomeGenius, into the Roostify Beyond platform to analyze income of self-employed borrowers
Non-QM lender fires three-quarters of its workforce, saying it's experienced 'significant operating losses and cash flow challenges' and has been unable to obtain funding
CoreLogic reports the number of people behind on their mortgage payments fell to a new record low, helped by rise in home prices and past government protection
Researchers at the mortgage giant point to 4 things that drove the meteoric rise in home prices over the past few years. Investors weren't one of them
The market is reaching a turning point in which price reductions are more common. But that doesn't mean homes can't still appreciate in value
Before taking on the role of CoreLogic's chief economist, Nothaft spent nearly 3 decades at mortgage giant Freddie Mac
The 'coding issue’ reportedly affecting about 12 percent of credit scores calculated from March 16 to April 6, 2022, has been corrected, according to the company.
Rates on 30-year fixed-rate mortgages have dropped 20 basis points in two weeks, the most dramatic decline since April 2020