Rates may ease, but affordability tools will still be in demand
Zillow, UWM executives are optimistic mortgage rates will come back down but advised real estate agents at Inman Connect New York on Tuesday to get familiar with affordability tools
by Matt Carter Jan 24
DFCU Financial to offer mortgages to buyers on Florida's Gulf Coast
Michigan-based credit union expands into Florida by closing merger with Tampa-based First Citrus Bank. Full product and service integration is expected by mid-2023
by Matt Carter Jan 3
After banner year, mortgage brokers seek more political clout
The Association of Independent Mortgage Experts, a trade group representing mortgage brokers, launched a PAC and more than doubled its spending on lobbying in 2022
by Matt Carter Dec 30
Mortgage finance veteran Nick Smith joins Voxtur's board
Mortgage data analytics provider that's pioneering attorney title opinion letters expanded digital asset capabilities in September with $101M Blue Water acquisition
by Matt Carter Dec 28
The biggest mortgage, lending and housing finance stories of 2022
The industry dodged a meltdown, but skyrocketing mortgage rates fueled a rush to 'right size' and helped crown a new leader in mortgage lending
by Matt Carter Dec 28
Mortgage lenders innovate to help homebuyers cope with higher rates
Rocket, Guild and UWM are among lenders providing homebuyers with options, such as temporary rate buydowns and reduced fees on refis if rates come down from 2022 peaks
by Matt Carter Dec 27
A basketball just missing the basket
Deal that values Suns and Mercury at $4B sets the stage for nation's largest mortgage lenders, United Wholesale Mortgage and Rocket Mortgage, to be court rivals
by Matt Carter Dec 21
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
First American's PRISM platform evolving beyond title insurance
After paymints.io deal, First American is evaluating additional third-party integrations to simplify transactions from point of sale to handing over the keys
by Matt Carter Nov 18
UWM overtakes Rocket Mortgage as biggest US lender after strong Q3
United Wholesale Mortgage says it's attracting not only homebuyers, but mortgage originators, by slashing rates and offering the latest technology to build market share
by Matt Carter Nov 4
First Community Mortgage announces 'major' expansion
FCM lures talent from PrimeLending and invests in technology and diversity to fuel growth as mortgage rates force many lenders to downsize
by Matt Carter Oct 20
Finance of America exiting wholesale, correspondent lending
The Irving, Texas-based lender is also reportedly in negotiations to sell its retail mortgage division, which employs about 1,000 loan originators nationwide
by Matt Carter Oct 7
Keller Mortgage implements third round of layoffs in past 12 months
Keller Williams’ lending arm is advertising seven positions online including openings for an area sales manager, an 'elite loan officer' and four local loan officers
by Matt Carter Oct 6
UWM can rapidly scale new loans that lack title insurance
The wholesale lender is hiring and training lawyers to generate attorney opinion letters in-house in order to meet what the company expects to be strong demand
by Matt Carter Oct 5
UWM now offering mortgages without lender's title insurance
The nation's largest wholesale mortgage lender moves to capitalize on rule changes by mortgage giants Fannie Mae and Freddie Mac aimed at helping borrowers save on their closing costs
by Matt Carter Oct 3