Abandoned mortgage apps are on the upswing. Homebuyer confusion could be the culprit
Cotality’s survey of 1,000 recent and prospective U.S. homebuyers found that they ultimately care most about timing and confidence.
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Rocket revamps real estate arm, moves home search to Redfin
Users who visit the Rocket Homes website are now met with a message stating they “can search for homes on Rocket until August 4.” After that, they will be redirected to Redfin’s platform, which will serve as Rocket’s primary home search tool.
How much lower can mortgage rates go after Friday’s jobs report?
Mortgage rates fell 0.18% last week, breaking below the key threshold of 6.64%. How much lower can they go?
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.
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.