Demand for purchase loans picked up last week as would-be homebuyers took advantage of rates that are still a full percentage point lower than 2023 highs, MBA lender surveys show
The leader in artificial intelligence-driven financial document automation has combined 3 of its solutions into a mortgage dashboard for classifying, capturing and analyzing borrower documents
Down payment assistance, income-driven repayment still offer path to homeownership for those repaying $1.6T in student loan debt as Biden administration pledges the 'fight is not over'
Proposed standards would include random sample testing and reviews to protect against data manipulation and ensure a 'high level of confidence' in the estimates produced by AVMs
New branded client portal lets homebuyers apply for loans, review documents and e-sign disclosures and closing documents
Credit bureaus have 'little incentive to treat consumers fairly when their credit reports have errors,' according to Consumer Financial Protection Bureau, which analyzed 700K complaints
Maxwell Processor Edge uses machine learning to help loan processors tackle more work while also cutting loan approval times
Consistent rent payments can boost prospects of borrowers with thin credit files
After 6 months of easing, credit availability tightened by 8.5% in June
Industry expert talks about GSEs and the Great Recession
As mortgage standards ease, remember we sometimes fool ourselves
Broker Notebook
Blame stagnant wages, not dead cat bounce in home prices
Fannie Mae economists say housing won't return to normal until late 2016
Don't panic, but keep an eye on consumer confidence, job creation, Fed tapering, overregulation