Fannie Mae is making a key underwriting tool used for certain types of mortgages free of charge on its website. The government-sponsored enterprise’s income calculator, which serves lenders who originate…
Spencer Lee
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Housing market conditions today might be opening a window of opportunity for new types of products that give buyers an edge in a competitive environment. Lenders often stress the need…
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Mortage
Mortgage application volumes rise for first time in three weeks
by Spencer Leeby Spencer LeeApplications for new home loans increased for the first time in three weeks, with interest rates showing volatility to the down side, according to data from the Mortgage Bankers Association. …
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Loandepot saw losses grow in the first quarter, as expenses from a January data breach hindered their push toward profitability. Despite making inroads on reducing expenses, the national lender and…
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Mortage
Rocket appoints new chief technology officer in latest AI push
by Spencer Leeby Spencer LeeRocket Cos. added another technology veteran to its C-suite in the latest of a series of high-profile leadership moves. The Detroit-based parent of Rocket Mortgage and related real estate businesses,…
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Finance of America Cos. narrowed losses in the first quarter and addressed a branding pivot to fully fold its acquisition of American Advisors Group into a single reverse-mortgage business under…
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The Department of Housing and Urban Development released guidance about the potential risk of noncompliance with fair housing laws and the use of artificial intelligence. Covering platforms providing targeted digital…
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Rising housing costs mean a growing number of adults are heading back home to mom and dad after graduation from college, causing financial stress across generations, a new survey says. …
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Current interest rate conditions are leading ICE Mortgage Technology to lower growth expectations, as the company started the year with a first-quarter loss. The mortgage technology unit of Intercontinental Exchange…
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Jerome Powell, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, May 1, 2024. The…