Pressure on mortgage rates eases as Trump pauses higher tariffs
Stocks rebounded and pressure on interest rates eased after Trump announced a 90-day pause on country-specific 'reciprocal tariffs' with the exception of 125% duties on China
by Matt Carter Apr 9
Homebuyers and homeowners jump on big drop in mortgage rates
Requests to refinance surged 37% last week and were up 83% from a year ago after the biggest 1-week decline in mortgage rates since November, the MBA's latest weekly lender survey shows
by Matt Carter Mar 5
UHM adds $1B in lending capacity with NRL Mortgage acquisition
Houston-based Nations Reliable Lending, which does business as NRL Mortgage, sponsors 44 mortgage loan originators working out of 27 branch locations in 10 states
by Matt Carter Mar 4
MyCUmortgage onboards 15 credit unions as new clients in 2024
Ohio-based credit union service organization (CUSO) partners with mortgage technology providers to help credit unions originate, underwrite and service home loans nationwide
by Matt Carter Dec 10
Amerant Bank exits Texas but still providing mortgages nationwide
Coral Gables, Florida-based community bank sells its Houston branches to MidFirst Bank, but growing mortgage subsidiary Amerant Mortgage has a presence in most states
by Matt Carter Nov 12
Rocket's new CEO Varun Krishna takes seat on board of directors
The mortgage lending giant's board of directors has been expanded from 7 members to 8 to accommodate the move. Krishna's term will expire at the company's 2026 annual meeting
by Matt Carter Dec 29
Knock increases bridge loan for home prep to $35,000
The 6-month loan is a component of Home Swap that allows clients to prepare a home for market through basic repairs, small finish upgrades, painting and other items buyers look for in a home
by Craig C. Rowe Jan 18
Orchard adds home warranty and insurance to product offerings
The company adds the new services to an existing suite that includes a home loans and title division
by Patrick Kearns Dec 10
Low interest rates spur new high for mortgage originations
During the third quarter, 3.25 million mortgages were originated on residential properties, the highest level this figure has reached in 13 years
by Lillian Dickerson Nov 18
Better.com raises $200M in Series D funding round
The New York City-based digital mortgage startup plans to use the money to grow its team and technology products at a time when mortgage demand is booming
by Patrick Kearns Nov 10
Orchard launches a home loans division
Consumers who choose to buy and sell with the real estate technology company can now get financing as well, all on one platform
by Patrick Kearns Jul 15
Is BNTouch the CRM agent-mortgage teams need?
This software platform for mortgage brokers to find, nurture and close loans can benefit real estate agents too
by Craig C. Rowe Jan 16
How the government shutdown is impacting homebuyers
Realtors and loan originators offer advice on navigating the shutdown
by Patrick Kearns Dec 28
Redfin Mortgage launches in Colorado, its 10th market
The Seattle-based tech brokerage's home loan program is also extending a $1,000 bonus for new borrowers in the state
by Patrick Kearns Oct 4