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
America's top loan officer foresees return to bidding wars, price gains
As Shant Banosian gears up to speak at Inman Connect New York in January, he sat down with Inman to discuss the landscape for mortgage lenders heading into 2024
by Taylor Anderson Jan 2
Developer accused of marketing in Spanish, closing in English
Colony Ridge, the developer of more than 40,000 lots northeast of Houston, says its clients have no opportunity to get a loan from anyone else and dismisses federal lawsuit as baseless
by Matt Carter Dec 22
More lenders raise their conforming loan limit to $750K
Following Rocket's lead, UWM and Guaranteed Rate say they'll price mortgages of up to $750K as if they're eligible for purchase by Fannie Mae and Freddie Mac in anticipation of 2024 increases
by Matt Carter Oct 11
US Bank, UWM join movement to boost minority lending
With Fannie and Freddie leading the charge, a growing number of lenders are using special purpose credit programs to boost homeownership in underserved communities
by Matt Carter Jul 13
Figure powering HELOCs for 4 more independent mortgage banks
As it continues to sign private label partners for its blockchain-powered loans, Figure says it's provided more than $6B in HELOCs to roughly 85,000 households in 45 states
by Matt Carter Jul 12
Guaranteed Rate buys out partner in mortgage joint venture, Premia
Relocation and moving services provider Sirva Worldwide Inc. has agreed to sell its stake in Troy, Michigan-based Premia Relocation Mortgage LLC for an undisclosed sum
by Matt Carter Jul 5
More tech vendors approved to support appraisal-free mortgages
Stewart Valuation Intelligence (SVI) is the latest technology vendor to be approved by Fannie Mae to support new value acceptance + property data valuation process
by Matt Carter Apr 21
Better's 'One Day Mortgage' product lifts off
New products and agent partnerships could help Better make the transition from a company known primarily for refinancing existing loans to one that's geared to serving homebuyers
by Matt Carter Apr 12
Software vendors gear up to support appraisal-free mortgages
Fannie Mae says starting April 15, more homebuyers will qualify for a program requiring full interior and exterior inspections that capture data and images throughout the property
by Matt Carter Mar 21
Guaranteed Rate rolls out 'Same Day Mortgage' nationwide
Properties must be eligible for an appraisal waiver, and like Better's 'One Day Mortgage,' some fine print can stand in the way of getting a loan approved in 24 hours
by Matt Carter Mar 7
Finance of America exiting wholesale, correspondent lending
The Irving, Texas-based lender is also reportedly in negotiations to sell its retail mortgage division, which employs about 1,000 loan originators nationwide
by Matt Carter Oct 7
Guaranteed Rate taking borrowers from application to close en Español
Lender expands Spanish language access program launched in April to include disclosures that describe loan terms and fees
by Matt Carter Sep 23
The best and worst ways to handle layoffs as real estate cuts accelerate
The housing industry has shed thousands of jobs recently, and more cuts may be in store. But some companies are handling the situation better than others
by Jim Dalrymple II Jun 17
RE/MAX's Motto Mortgage hires new VP of product to fuel growth
Chris Erickson, who joins Motto Mortgage as vice president of product and strategy, has held product management roles at Guaranteed Rate, CoreLogic, Nationstar Mortgage and Citi
by Matt Carter Jun 9