Mortgage News

HomeLight CEO Drew Uher says he's glad to be out of the mortgage business. Fathom CEO Marco Fregenal sees the value of being in lending 'in a very selective way' to help agents close deals

Rising cost of construction, insurance and property taxes creating obstacles for homebuyers that require help from real estate agents and mortgage lenders: LoanDepot CEO Frank Martell

Despite an improvement in housing affordability, property sales continue to decline. Pending home sales dropped 5.7% YOY, Redfin reported Thursday

Fed policymakers are acknowledging that while they're determined not to cut rates until inflation is tamed, they're also worried about waiting too long and throwing the economy into a tailspin

Zillow Senior Economist Orphe Divounguy says it will be up to agents to bring sellers with unrealistic expectations about what the market will bear back down to Earth

FHA premium cuts spur growth, but borrowers with stellar credit can still do better taking out conventional Fannie Mae- or Freddie Mac-eligible mortgages with private mortgage insurance

Release of historical credit scores on tens of millions of loans will help lenders prepare for transition to VantageScore 4.0 next year. Release of FICO Score 10 T data next on deck

As inflation gets closer to Fed's 2% target, economists at Fannie Mae and the Mortgage Bankers Association predict mortgage rates will continue to drop into the low 6s by the end of next year

Republican attorneys general in 14 states urge Fannie Mae and Freddie Mac's federal regulator to kill a pilot program that allows some borrowers to refi without obtaining title insurance

7 executive hires in 2024 included Dana Abernathy, who will expand the company's mortgage servicing operations, and Mike Iorio, who is tasked with growing homebuilder partnerships

Applications for purchase mortgages dropped last week for the 2nd week in a row as rising home prices continue to shut many would-be homebuyers out of the market: MBA survey

CFO Pat Theodora taking over as CEO after Iannitti, a pioneer of numerous paperless processes including eVault and eSign capabilities, died unexpectedly of complications from pneumonia

As for-sale listings continue to surge, many would-be homebuyers are still having trouble finding properties that they can afford. Prices are already coming down in some markets

Lending industry leaders surveyed by Fannie Mae see the lack of housing supply as the biggest risk factor in 2024, but most expect refinancing to pick up next year if rates continue to fall

In what's shaping up to be transformational year for the company, Sagent has revamped its leadership and launched Dara platform to handle every phase of mortgage loan servicing