Mortgage news — interest rates, lender policies, refinancing options, and home loan advice.
Better reports $22.9M in annualized savings from turnaround efforts
Better Home & Finance Holding Co. reported $22.9 million in annualized savings from its turnaround plan, up from $16.3 million in the prior two weeks.…
Mortgage rates drop below 7.5% ahead of expected Fed pause
# Mortgage Rates Drop Below 7.5% as Fed Signals Potential Pause Mortgage rates fell below 7.5% this week, marking the lowest levels in months as bond…
Analysts cast FICO’s $10 mortgage pricing as defensive volume play
FICO's decision to lock in mortgage pricing at $10 per credit score through its Preferred Program represents a strategic defensive move in a rapidly c…
FICO freezes $10 mortgage score bundle price
FICO freezes mortgage scoring bundle price amid intensifying lender competition FICO announced a pricing freeze on its Classic FICO and FICO 10T mort…
Voya Provides $96M Refi for 1,461-Unit SoCal Portfolio
# Voya Refinances $96M SoCal Multifamily Portfolio for E&S Ring E&S Ring completed a $95.8 million refinancing deal for a six-property multifamily po…
Slightly lower mortgage rates finally pause slide in housing demand
# Mortgage Rate Dip Offers First Signs of Demand Stabilization Mortgage rates dropped to 7.30% this week as the 10-year Treasury yield fell below 5% …
Subservicer benchmark survey shows 27-point gap between best, worst performers
Mortgage subservicers are delivering wildly inconsistent performance, according to a new benchmark survey by Garrett, McAuley & Co. The gap between th…
Baltimore Mortgage Fraud Ring Drove Hundreds of Homes Into Foreclosure, Lawsuits Claim
A mortgage fraud ring operating in Baltimore allegedly drove hundreds of homes into foreclosure through RICO violations, according to lawsuits filed a…
Can mortgage rates get under 7% for the holidays?
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GSEs target income and occupancy to cut buyback risk
# GSEs Target Income and Occupancy to Cut Buyback Risk Fannie Mae and Freddie Mac are using technology to identify occupancy risk and income defects …
How Much Should a House Hack Make in 2027? (Rookie Reply)
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MBA forecast: Mortgage volume to dip below $2T in 2027 as 7% rates linger
The Mortgage Bankers Association projects mortgage volume will fall below $2 trillion in 2027 as interest rates remain elevated, according to the trad…
What Fed Rate Hikes Could Mean For Real Estate Investors to End the Year
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Seniors aren’t keeping up with their credit card debt. Reverse mortgages can help
Seniors are carrying growing credit card and HELOC balances according to HousingWire. The publication suggests reverse mortgages with voluntary paymen…
What’s next for housing: 7%, 8% or 9% mortgage rates?
# What's Next for Housing: 7%, 8% or 9% Mortgage Rates? Mortgage rates climbed to 7.57% last week, pushing housing demand further downward. The traje…
Democrats Cry Foul Over Funding Cuts to Watchdog of Top Mortgage Regulator
The Federal Housing Administration announced plans to downsize its inspector general office, according to reporting from Realtor.com News. The inspect…
FHFA set to order Fannie, Freddie to accept two-bureau credit reports
# FHFA to Order Fannie Mae, Freddie Mac to Accept Two-Bureau Credit Reports The Federal Housing Finance Agency plans to order Fannie Mae and Freddie …
CHLA backs Pulte plan for GSE credit score disclosures
Pulte Homes has won backing from the Community Housing Law Project (CHLA) for its proposal to require greater transparency around credit score require…
Stockton Mortgage elevates founder David Stockton to CEO, names new president
Stockton Mortgage has elevated founder David Stockton to the role of CEO, effective immediately, the company announced. Anthony Whiteside has been nam…
GSEs grant policy waiver for lenders not ready for UAD 3.6 mandate
# GSEs Grant Extended Timeline for UAD 3.6 Compliance Fannie Mae and Freddie Mac have issued a critical reprieve for lenders struggling to implement …
FHFA says Fannie, Freddie will use one LLPA grid for FICO and VantageScore
The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac will operate under a single loan-level price adjustment grid for both FIC…
West Capital Lending hires Michael Cecero and 33-person team
West Capital Lending has hired Michael Cecero and a 33-person loan origination team, bolstering the lender's production capacity by approximately $325…
Are 9% mortgage rates possible?
# Are 9% Mortgage Rates Possible? The Math Says No, Even With a Hawkish Fed Mortgage rates hitting 9% remains a theoretical possibility rather than a…
Is technology changing the economics?
# AI Transforms Mortgage Economics. But Savings Demand Discipline and Proof. Artificial intelligence is fundamentally restructuring how mortgage lend…
UWM’s Mat Ishbia backs VantageScore 4.0, says Underwriting+ results are ‘off the charts’
# UWM Chief Backs New VantageScore 4.0 Model, Reports Strong Underwriting Tool Performance United Wholesale Mortgage (UWM) Chief Executive Mat Ishbia…
ICE First Look shows delinquencies up, prepayments down in August
Mortgage delinquencies climbed in August while borrowers pumped the brakes on early repayment, signaling strain in the housing market as higher intere…
Mortgage AI is spreading, but scaling is still rare, survey finds
# Mortgage AI Adoption Hits Regulatory Wall Despite Industry Momentum Artificial intelligence deployment across mortgage lending remains fragmented, …
UWM names Vandad Fartaj as first chief investment officer
United Wholesale Mortgage (UWM) appointed Vandad Fartaj as its inaugural chief investment officer, a move that signals the lender's pivot toward more …
Mortgage rates have gone wild, so what’s next for housing?
# Mortgage Rates Near 7.5% Mark Marks Turning Point for Housing Demand Mortgage rates have climbed to levels near 7.5%, triggering measurable pullbac…
Gateless Smart Underwrite earns AZP Platinum AI certification
# Gateless Smart Underwrite Achieves AZP Platinum AI Certification Gateless Smart Underwrite has earned AZP Platinum AI certification, marking a vali…
Experian integrates Verify with Workday for income verification
Experian has expanded its Verify income verification platform through a new integration with Workday, the cloud-based human capital management softwar…
How mortgage brokers can tap into underserved VA markets
# Mortgage Brokers Unlock Growth in Veterans' Lending Markets Mortgage brokers are discovering untapped revenue streams by refocusing on VA loan prog…
Why credit unions are missing the boat on reverse mortgage demand
Credit unions hold a tiny sliver of the reverse mortgage market, and they're leaving substantial revenue on the table while major lenders capture the …
Better, Garg face securities class action tied to volume guidance
Better.com and its founder Vishal Garg face a securities class action lawsuit that accuses the online mortgage lender of misleading investors about it…
Hot economic data sends mortgage rates to yearly highs
Mortgage rates have climbed to their highest levels of 2024 following a surge in the 10-year Treasury yield, which reached levels last seen in 2006. T…