Two large government-related investors saw their annual nonperforming-loan sales reverse course and resume an upward trend for the first time since 2021, adding to signs that more distressed mortgages are slowly making their way to market as pandemic restrictions get lifted. The number of NPLs Fannie Mae and Freddie Mac sold in 2024 rose to […]
Enterprises’ NPL sales reduce bad assets to a 9-year low Read More »
Angel Garcia/Bloomberg The Trump administration has made efforts during its first eight months back in office to legitimize cryptocurrency in the U.S. economy, and Linkhome Holdings is getting ahead of the curve. The AI-powered real estate company launched a platform that allows buyers to purchase property with cryptocurrency, it announced in a press release Monday.
Real estate company launches crypto-based platform Read More »
The American Land Title Association has filed an amicus brief in support of Fidelity National Financial, which is suing the Treasury Department and the Financial Crimes Enforcement Network, looking to stop an anti-money laundering regulation reporting requirement. The Biden Administration promulgated the rule, which is set to go into effect on Dec. 1. FNF sued
ALTA files brief in support of Fidelity in Fincen case Read More »
President Donald Trump on Sunday made a final push to sway a US appeals court to let him oust Federal Reserve Governor Lisa Cook over allegations of mortgage fraud before next week’s Fed vote on interest rates, again telling the court that she’s failed to dispute the claims. Trump last week asked the Washington-based appeals court to
Trump makes new push for court approval to fire Fed’s Cook Read More »
The Federal Reserve (the Fed) meets this week, and expectations are high that they’ll cut the Federal Funds Rate. But does that mean mortgage rates will drop? Let’s clear up the confusion. The Fed Doesn’t Directly Set Mortgage Rates Right now, all eyes are on the Fed. Most economists expect they’ll cut the Federal Funds
What a Fed Rate Cut Could Mean for Mortgage Rates Read More »
Affordability remains one of the biggest hurdles in today’s housing market. Yes, macroeconomic forces like the Fed’s policies shape the overall rate environment, but mortgage lenders aren’t powerless passengers on this ride. In fact, you hold tangible points of influence that can directly impact borrower affordability and your own business competitiveness. The question is: are
The path to more affordable mortgages: Why lenders hold the keys Read More »
If you’ve ever been told “you don’t fit the box” even though you can comfortably afford the payment, you’ve felt the limits of traditional mortgages. Non-QM loans exist for exactly that situation. “Non-QM” stands for Non-Qualified Mortgage. It sounds technical, but the idea is simple: fully documented loans for creditworthy people whose finances don’t slot
What are Non-QM loans and who are they for? Read More »
The rise of artificial intelligence has sparked both speculation and angst over what it might mean for mortgage professionals in the future, but the answers might be more encouraging than some expect. Historically, advances in automation eventually brought transformations seen during the Industrial and Information Ages, which were marked by the elimination of certain positions.
Mortgage leaders discuss the future AI-powered workforce Read More »
Federal Reserve Governor Lisa Cook described an Atlanta property at the center of a lawsuit over her attempted ouster as a “vacation home,” according to documents viewed by Bloomberg News. The May 28, 2021, loan estimate was issued by a credit union to Cook weeks before she ultimately purchased the home. The document shows she
Fed’s Cook called Atlanta property a vacation home, records show Read More »
Last week, mortgage rates hit a new low for 2025, as the labor market proved more critical to the bond market than inflation. The big question is: what will happen after the Fed cuts rates this week? Last year at this time, mortgage rates hit a yearly low of nearly 6% and the Fed cut
Have Fed rate cuts already been priced into mortgage rates? Read More »