What Fed rate cuts in 2024 will mean for homebuyers
The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022.
While the...
MBA, NMSA suggest fixes to FHA’s proposed loss mitigation option
The Mortgage Bankers Association (MBA) and the National Mortgage Servicing Association (NMSA) are expressing their views on a recently revised Federal Housing Administration (FHA) loss mitigation...
Freddie Mac approves payroll/income verification vendor Truv on LPA platform
Government sponsored enterprise Freddie Mac has approved mortgage technology company Truv for both payroll verifications and consumer-permissioned income.
With the new integration, lenders will have access...
Greg Hart to leave Compass as the firm eliminates COO role
Compass’ chief operating officer Greg Hart will leave the brokerage at the end of the year, according to a document filed with the Securities and Exchange...
Rocket Homes looks to merge house hunts with the open road
Rocket Homes is looking to make your daily commute part of your home search experience. The company announced Tuesday that the Rocket Homes iOS app is...
The Fed holds rates steady at final meeting of 2023
The Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% at its last meeting of the...
UWM to offer discounted rates on government loan refis
Top U.S. mortgage lender United Wholesale Mortgage (UWM) is offering discounted rates on some government loans until January for brokers to create their own “refi boom,” the company...
2023: A year of retrenchment for the secondary mortgage market
As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates, steep home prices, scarce...
DataDigest: Breaking down housing economists’ 2024 forecasts
As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year.
They...
Argyle partners with Dark Matter Technologies on income, employment verifications
Verifications provider Argyle announced an integration with the Exchange, an interconnected network of mortgage-specific service providers available to customers of the Empower loan origination system (LOS)...