New Freddie Mac mortgage plan bundles purchases and repairs
The CHOICERenovation program offers homebuyers a single loan with just one set of closing costs that they can use to buy a house and then fix it up
by Jim Dalrymple II Jun 21
Quicken Loans agrees to pay HUD $32.5M
A multiyear legal battle reaches its conclusion, with the lending giant admitting no wrongdoing but making FHA whole on 0.2% of loan moneys
by Patrick Kearns Jun 14
Piggy bank
A new study shows that people were happiest with their lives when their debt was in the form of mortgages and least happy when it was tied to medical expenses
by Jim Dalrymple II Jun 10
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
Helping buyers find a home for the fam? Share these 7 tips
Add value by helping your clients figure out their budget, where they’d like to realistically live and what to expect along the way
by Roger Odoardi Jun 4
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
Flat-fee brokerage Reali acquires mortgage lender
The California-based brokerage scooped up Lenda and will use the acquisition to launch its own mortgage service
by Jim Dalrymple II Apr 17
5 simple tips for setting buyer expectations
Taking the extra time to guide and explain the process to your clients will enable you to have a smoother process and alleviate some unnecessary stress
by Michael Maynard Apr 11
JPMorgan Chase CEO Jamie Dimon Addresses The Economic Club Of Washington
Jamie Dimon believes that origination and servicing rules are tripping up loans, hurting the economy
by Jim Dalrymple II Apr 4
Why you should never skip pre-qualifying buyers
With a great real estate agent and lender on the team, buyers have the best chance at successfully finding and getting into their dream house — at the best possible price
by Leslie DeLuca Apr 4
Zillow heads
The launch of Zillow Home Loans means people can now search for, sell homes to and finance new-home purchases directly through the Seattle tech giant
by Jim Dalrymple II Apr 2
Still wondering why service trumps tech? Ask Blockbuster
There were 9,100 Blockbuster Video stores in 2004 — now there is 1
by Chris Drayer Mar 13
Here's what NAR wants in the next versions of Fannie and Freddie
The advocacy group hopes things like the 30-year mortgage and affordable credit stick around for the foreseeable future
by Jim Dalrymple II Mar 1
Veterans Affairs loans have spiked since 2007 recession: Study
In 2007, only 30% of first-time service members and veteran buyers used a VA loan. That increased to 78% by 2016
by Patrick Kearns Mar 1