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Author name: Ricky Vasquez

Late-stage delinquencies, foreclosures see noticeable spike

Distressed, Industry News, Mortgage Bankers Association, Servicing /

New mortgage delinquencies showed overall improvement in loan performance, but in what could be a more concerning trend, later-stage distress and foreclosures trended upward in the second quarter. The overall delinquency rate decreased to a seasonally adjusted 3.93% during the quarter, reflecting pullbacks from both three months and one year earlier from 4.04% and 3.97%, […]

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Mortgage rates move lower on inflation, employment news

Economy, MARKETING TO BORROWERS, Mortgage Rates, Originations /

Mortgage rates this week fell to their lowest level since October, supported by one better than expected inflation report as well as ongoing concerns regarding employment data. But an unexpected finding in the Bureau of Labor Statistics July Producer Price Index report could put a hold on a potential September Federal Open Market Committee short-term

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Fannie Mae adds new temporary buydown rules for servicers

Fannie Mae, Secondary markets, Servicing /

Fannie Mae recently updated its servicing guidelines to include new instructions for handling temporary interest-rate buydowns, which have become more popular as a way to attract borrowers. The new guidelines provide clarity for servicers on how to manage these loans. The new rules, which Fannie has asked servicers to adopt immediately, become mandatory Nov. 1.

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Two mortgage giants eye more investor appetite in NYSE Texas

Earnings, Industry News /

Two Texas-based mortgage giants are hoping to attract more investors in their own backyard, announcing dual listings on the New York Stock Exchange Texas. Plano-based Finance of America and Dallas-based Hilltop Holdings, the parent of Plainscapital Bank and Primelending, are founding members of the new fully-electronic exchange headquartered in Dallas. The NYSE, owned by Intercontinental

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The mortgage pro’s guide to AI training

Artificial Intelligence, CAREER & COMPENSATION, Editorial Research, Mortgage technology, Technology /

As mortgage lenders weigh how to integrate artificial intelligence, technology leaders are juggling the rapid pace of innovation with the need to set realistic expectations. They’re finding that effective adoption depends as much on curiosity, patience and internal collaboration as it does on the tools themselves — and that buy-in from executives, compliance teams and

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Fannie Mae former employees sue company, Pulte for defamation

Fannie Mae, GSEs, Law and legal issues /

Forty-one former employees of Fannie Mae on Wednesday sued the company, its chief executive and Federal Housing Finance Agency Director Bill Pulte for alleged defamation related to their dismissals in April. The ex-employees of the government-controlled mortgage giant are seeking damages amounting to more than $2 million per person, according to complaints filed in Fairfax

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a graph with numbers and lines

Is It Better To Buy Now or Wait for Lower Mortgage Rates? Here’s the Tradeoff

For Buyers, Mortgage Rates /

Mortgage rates are still a hot topic – and for good reason. After the most recent jobs report came out weaker than expected, the bond market reacted almost instantly. And, as a result, in early August mortgage rates dropped to their lowest point so far this year (6.55%). While that may not sound like a

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Earnnest, Lone Wolf expand partnership

Brokerage, Earnnest, HWmember, Lone Wolf Technologies, Real Estate, Technology /

Digital earnest money platform Earnnest is expanding its partnership with Lone Wolf, according to an announcement on Thursday. Via this expanded partnership, Earnnest will power digital earnest money transfers across Lone Wolf’s entire transaction suite. “Real estate professionals deserve tools they can trust – especially when it comes to handling money,” Chris Basinger, the senior

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Shawn Malhotra talks Rocket’s vision for AI-powered, people-centered mortgages

AI Summit, AI Summit 2025, Artificial Intelligence, HWmember, LendingLife, Mortgage, Origination, Rocket Companies, Rocket Mortgage, Technology /

Shawn Malhotra, the first chief technology officer in the history of Rocket Companies, says it’s pursuing an ambitious plan — to rewrite its entire operating system, from home search through mortgage servicing, on a foundation of artificial intelligence. The transformation will happen while Rocket integrates real estate brokerage Redfin and mortgage servicer Mr. Cooper Group,

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