Daniel Lewis was removed as interim CEO effective Oct. 5, per an SEC filing details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Lender will obtain both FICO and VantageScore on every credit pull details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Move comes as Rocket’s servicing book tops $2 trillion and 9.1 million loans details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
ICE and Optimal Blue data point to a manageable wave of ARM adjustments details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Digital lender says its rates run about 50 bps below the national average details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Better expects pro forma cash to rise to about $140 million if the transaction closes, based on Sept. 30 balances details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Wholesale non-QM lender now offers DSCR in 19 states details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Platform combines pricing and eligibility, Polly Hedge and a relaunched Loan Trading Exchange details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
The Federal Home Loan Banks’ Mortgage Partnership Finance® Program helps community lenders expand homeownership through liquidity, collaboration and targeted financing solutions details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
A majority of shareholders backed the removal of five directors, including interim CEO Daniel Lewis, with Better finalizing his successor details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
The move follows FHFA and HUD guidance that opened conventional and FHA lending to competing credit score models details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
The round doubles its prior valuation and brings in new investor Ribbit Capital details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
The REIT seeks the return of its $25.4M breakup fee details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
The former Rate branch leader cited platform economics and NEXA’s BDM program in his decision to join details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
The wholesale lender said non-QM volume is up 68% year to date through August and loans in process will close as scheduled details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
A special committee is ending the challenge to a preliminary report from an independent inspection details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Jensen offers her thoughts on the 2% upfront mortgage insurance premium, second appraisals and retirement planning use cases details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
September endorsements dropped to 1,790 — the lowest figure since April 2020 — while HMBS issuance fell to $446 million details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Data shows a small fraction of lenders capturing most new production as LOs shift to brokerage and correspondent platforms details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Lenders can begin sending FHA appraisals in UAD 3.6 details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
The requirement is expected to take effect one to three months after it is announced, per Bloomberg details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Garg says the consent solicitation topped 50% and could remove five directors, with a third-party inspector reviewing results details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
In his Senate confirmation hearing, Jones highlighted manufactured housing, limits on large investors and new credit underwriting models details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Scarpati said older homeowners present a much faster growth path for lenders than first-time buyers details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
New managing director will advise mortgage lenders, investors, and real estate firms on growth and tech details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
At AIME Fuse, Niemeier shared her secret sauce for building a referral-based investor loan business in only a few years details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
New executives will support product, partner enablement and business development for lenders and broker partners details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Letter to FHFA says the added data could improve MBS transparency and reduce recurring credit score cost increases details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Deal is backed by 218 loans, plus a $98.5M accumulation account and a two-year revolving structure details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Anthony Whiteside becomes president, while Scott Bristol joins as EVP of national sales details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Lenders that secure a one-time waiver can keep using UAD 2.6 into 2027 details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
His plan calls for the removal of five directors, including interim CEO Daniel Lewis details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Refinance activity fell 9% week over week and was 56% lower than a year ago details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
New model-driven evaluations cover QM, non-QM and specialty loans, delivered daily or monthly via ICE Data API details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
SitusAMC’s Julia Curran explains why mortgage AI requires rigorous testing, subject-matter expertise and human oversight to deliver efficiency without introducing new risk details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Change follows lender feedback after VantageScore 4.0 was approved for eligible conventional loans earlier this month details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
NRMLA President Steve Irwin said the trade group will continue to lobby HUD, FHA on lowering the upfront mortgage insurance premium for federally insured reverse mortgages details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
The move adds about $325M in annual production and expands the company’s presence in Tennessee and Missouri details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Motive Partners and Social Leverage led the round, with Elio planning nationwide licensing and LO hiring details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Rocket says a 4-month test using 1.4 million reports helped some borrowers qualify and improved pricing outcomes details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Only 28% of homeowners 55+ expect their finances to improve soon, with financial confidence split sharply by income and gender details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Quarterly index shows demand for renovation financing is strongest in states like Indiana, Tennessee and Georgia details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Growth often adds staff, but more roles can increase coordination work and errors details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
AI is reshaping mortgage economics, but lowering the cost to originate requires disciplined processes, measurable ROI and accountability across the organization. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
At last week’s AIME Fuse event, Ishbia also shared his thoughts on UWM’s new Underwriter+ program details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com