The parent company of Veterans United Home Loans has started up a new brand, while at the same time retiring an existing one. Mortgage Research Center has multiple trade names, present and past, listed on its Nationwide Multistate Licensing System page, including several forms of Veterans United, the nation’s most prolific Veterans Affairs lender. Now, […]
Veterans United parent launches new mortgage brand Read More »
Artificial intelligence is no longer a buzzword in mortgage lending — it’s rapidly becoming central to how loans are originated. But while some lenders are racing ahead with aggressive AI strategies, others are still inching forward, slowed down by cost, caution or compliance questions. Exclusive new research from National Mortgage News reveals just how uneven
EXCLUSIVE RESEARCH: How lender size impacts their AI choices Read More »
A lot of market conditions have improved notably for home loans and there may be more where that came from, depending on rates and location, ICE Mortgage Technology’s latest monthly analysis shows. Home affordability is at a two-year-plus high and rate drops have exposed millions to refinance incentives, with the share of median income needed
New data shows where refinance incentives are growing Read More »
Fannie Mae and Freddie Mac could change how they approach affordable housing goals next year if their oversight agency’s new affordable-housing goal proposal moves forward. Some of the proposed benchmarks the Federal Housing Finance Agency published Thursday aren’t as high as those from a year ago and shift away from competitive efforts to serve low-income
FHFA floats new housing goals amid broader proposal review Read More »
A group of homeowners filed a class action lawsuit against the largest homebuilding company in the United States and its mortgage lending subsidiary over money they lost in an alleged deceptive mortgage scheme. D.R. Horton and DHI Mortgage targeted prospective homebuyers with affordable monthly payment plans, but the company low-balled the true costs and excluded
Homeowners sue D.R. Horton over hidden mortgage costs Read More »
A mixed picture emerged in mortgage rates one day after the start of the U.S. government shutdown, while a release of new jobs data raises concerns about the nation’s economic picture. Ten-year Treasury yields, whose movements typically influence the direction of mortgage rates, sat at 4.08% as of Thursday afternoon, tumbling 11 basis points from
Bond yields sank — so why aren’t mortgage rates following? Read More »
Some government-sponsored enterprise reform models could add three or four figures to monthly payments, but others could exert some limited downward pressure, a Stanford Institute for Economic Policy Research report finds. Estimated mortgage-rate hikes of 0.2% to 0.8% — an additional $500 to $2,000 for the typical homebuyer — could result in certain scenarios, authors
How potential changes to the GSEs could affect mortgage rates Read More »
Fair Isaac Corp. is rolling out a new program that lets mortgage resellers bypass the three major credit bureaus Equifax, Experian and Transunion and deliver its FICO credit scores directly to lenders, a shift the company says will bring down costs. The announcement drew cautious optimism from industry trade groups. The move avoids any additional
FICO’s new pricing program met with cautious optimism Read More »
With the U.S. government shutdown in effect and little progress made on an eventual reopening, mortgage lenders are busy measuring operational impacts while introducing strategies drawn on past experience to keep business flowing. As of Wednesday, many questions remain about the full extent of the impact on support provided to lenders, with most federal services
Shutdown tests lenders’ plans to keep loans moving Read More »
United Wholesale Mortgage has reduced the fees and added other enhancements for one of its title alternative programs. The company’s title review and closing program, known as TRAC+, looks to save borrowers money by significantly reducing costs for refinances compared with traditional title insurance options. In the past, Mat Ishbia, president and CEO, has been
UWM reduces fees, enhances TRAC+ title alternative offering Read More »