Lender slapped with $1.75M fine for bungling demographic data
Freedom Mortgage reported inaccurate information on race and sex between 2014 and 2017. The firm originated more than 50,000 mortgages per year during that period
by Jim Dalrymple II Jun 7
Wells Fargo hires mortgage tech chief from JP Morgan
Steve Hagerman will serve as Wells Fargo's head of consumer lending technology and will be responsible for the bank's new and emerging technology platforms
by Jim Dalrymple II May 29
In digital era, consumers want financing first
Mello Home CEO Chris Heller believes consumers want fast digital experiences — even when shopping for a loan
by Jim Dalrymple II Jan 29
Cryptocurrency dollar bill Benjamin Franklin
More and more people are turning to companies like Quicken Loans and LoanDepot for their mortgages
by Jim Dalrymple II Jan 18
Shutdown prompts Fannie Mae to tweak lender requirements
The mortgage-backed securities giant is in some cases waiving employment and income verifications and requiring cash reserves
by Jim Dalrymple II Jan 17
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
Washington, D.C. Capitol Building
The Internal Revenue Service resumed income verification, an essential part of buying a home, after lobbying from the mortgage industry. Critics question fairness of the decision
by Jim Dalrymple II Jan 11
Can this app reduce escrow to 10 days for homebuyers?
LoanSnap is an app for iPhone and Android that can streamline mortgage applications and approvals
by Craig C. Rowe Oct 11
Black hole illustration
New rule clarifies timeframe for addressing closing cost increases with consumers
by Patrick Kearns May 1
Hurricane Harvey flooding in Port Arthur, TX
ATTOM report does show increased construction loans following hurricanes in Texas, Florida, and Puerto Rico and devastating wildfires in California
Notarize and United Wholesale Mortgage expand e-closings to 16 states
The companies claim they are the only ones who offer a fully digital, end-to-end title closing process
by Emma Hinchliffe Feb 19
Freddie Mac unveils plan to fix affordable housing shortage
It calls for rehabilitation of aging housing stock through new mortgages designed for renovations.
Industry professionals still top resource for mortgage shoppers
Borrowers turn to real estate agents, lenders with a 'personal touch' over online sources
by Lew Sichelman Oct 23
What real estate agents should know about trended credit
Help clients implement a credit management plan that emphasizes timely payments, steady reduction of debt and paying off revolving credit accounts
by Steve Cook Jul 26
Why redlining and discrimination are still real estate's problem
It's illegal, and several organizations are fighting it
by Bernice Ross Apr 3