Supreme Court nixes $430B in student loan forgiveness
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'
by Matt Carter Jun 30
Quality control standards for AVMs may cover discrimination
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
by Matt Carter Jun 2
Vishal Garg is back, with plan to save Better: The 'One Day Mortgage'
Comparing himself to Henry Ford and Elon Musk, CEO says he's reconfigured Better's assembly line to crank out mortgages in a single day
by Matt Carter Jan 25
Fannie and Freddie get green light to buy $1M mortgages
The big run-up in home prices may have cooled, but the 2023 conforming loan limit will be increased by 12% to $726,200 in most parts of the country
by Matt Carter Nov 29
Rocket courts correspondent lenders with tech tools
New branded client portal lets homebuyers apply for loans, review documents and e-sign disclosures and closing documents
by Matt Carter Oct 19
Staircase automates underwriting of private mortgage insurance
MI Underwriting pulls documents and data directly from lenders, allowing mortgage insurers to make instant policy decisions at half the cost
by Matt Carter Sep 19
HomeLight founder and CEO Drew Uher: Power Buying is here to stay
HomeLight announced on June 29 that it planned to cut an unspecified number of jobs. Uher is confident in Power Buying and shares his views ahead of Inman Connect Las Vegas
by Matt Carter Jul 25
Credit report errors are harming mortgage borrowers: Fed watchdog
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
by Matt Carter Jan 6
Maxwell aims to help small lenders simplify mortgage document review
Maxwell Processor Edge uses machine learning to help loan processors tackle more work while also cutting loan approval times
by Matt Carter Dec 9
New Fannie Mae rule may help renters qualify for a mortgage
Consistent rent payments can boost prospects of borrowers with thin credit files
by Matt Carter Aug 11
New restrictions on Fannie, Freddie refis blamed for tighter mortgage credit
After 6 months of easing, credit availability tightened by 8.5% in June
by Matt Carter Jul 16
Homebuyers are bracing for a recession: Study
A new survey from realtor.com found that 36% of homebuyers now expect a recession in 2020
by Jim Dalrymple II Aug 28
What's up with Fannie Mae and Freddie Mac: interview with Bethany McLean
Industry expert talks about GSEs and the Great Recession
by Inman Sep 17
Shoutout to the FTC, and the listings chess game
As mortgage standards ease, remember we sometimes fool ourselves
by Brad Inman Feb 3
Mortgage lenders can make me cry