Trigger lead ban bill advances to Trump’s desk
The Homebuyers Privacy Protection Act (H.R. 2808) passed through the U.S. Senate with unanimous consent and without amendments late Saturday.
Origination
Auto Added by WPeMatico
The Fed could cut rates in September. Mortgage pros are skeptical of the impact
While many expect the Federal Reserve to cut interest rates at its September meeting, mortgage professionals caution that even if it happens, it won’t significantly impact the industry.
Rocket returns to profitability in Q2, yields early benefits from Redfin deal
Rocket Companies has returned to profitability despite a challenging second quarter for the mortgage industry, marked by economic uncertainties in the U.S.
Senate bill would add unconverted crypto to mortgage underwriting equation
The 21st Century Mortgage Act directs Fannie Mae and Freddie Mac to account for digital assets without requiring conversion to U.S. dollars.
Anthony Hsieh reclaims the helm at loanDepot
Anthony Hsieh is back in the CEO role at loanDepot — the company he founded in 2010 — on a permanent basis. His focus will be on returning the mortgage lender to profitability and regaining market share, the company announced on Monday.
Senate Democrats press FHFA on crypto use in mortgages
Five Senate Democrats are raising concerns about the potential risks of using unconverted cryptocurrency assets in mortgage underwriting, urging the Federal Housing Finance Agency (FHFA) to tread carefully.
VantageScore 4.0 is coming. But much work needs to be done
Mortgage technology firms, credit reporting bureaus, resellers and the GSEs are feverishly working to get VantageScore 4.0 off the ground.
After the Bayview deal, what’s the refi strategy for Guild Mortgage?
Guild LOs said they have yet to receive any guidance on how the two platforms would collaborate after the deal closes.
‘Dating the rate’ misled borrowers. Now they’re financially strained
An out-of-date mantra that once lured in prospective homebuyers is being criticized by mortgage originators who say clients were “misled.”
Bilt raises $250M to expand into mortgages, with backing from UWM
Bilt, which operates a loyalty program and credit card that converts rent payments into points, has secured a new funding round led by General Catalyst and GID.